Abu Dhabi – Mubasher: Al Seer Marine Supplies and Equipment Company reported net losses valued at AED 292.66 million in 2025, compared to AED 1.47 billion in 2024.
The basic loss per share hit AED 0.29 at the end of 2025, down year-on-year (YoY) from AED 1.47, according to the financial results.
Meanwhile, the operational profit surged by 110% to AED 209 million, with gross profit rising 14.57% to AED 164 million, reflecting fleet expansion and disciplined cost management.
Likewise, the revenues climbed by 5.21% YoY to AED 1.34 billion as of 31 December 2025 from AED 1.28 billion.
Gunther Alvarado, Deputy CEO of Al Seer Marine, said: "The cornerstone of our 2025 performance was the successful completion of our first phase of rapid expansion, reaching a milestone of 18 vessels in just three years. This aggressive scaling culminating in the delivery of our advanced dual-fuel VLGCs, has fundamentally strengthened our operational backbone.”
He added: “By swiftly diversifying our portfolio across key sectors, from gas carriers to product tankers, we have built a resilient, revenue-generating engine that is now delivering the substantial operational profit growth we are reporting today."
The company’s resilient performance has earned the confidence of leading financial institutions, most recently demonstrated by an AED 760 million eight-year facility obtained from Abu Dhabi Commercial Bank (ADCB) in July 2025.
