Marco Polo Marine projects stronger FY2026 as 9-month revenue rises 30% to S$109.7 million

Reuters2026/08/26 09:42

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Marco Polo Marine flagged 3Q FY2026 revenue of S$ 35.7 million, up 13% year on year; gross profit rose 7% to S$ 15 million.
9M revenue reached S$ 109.7 million, up 30%; gross profit increased 30% to S$ 46.4 million, with gross margin steady at 42%.
Ship chartering revenue increased 8% year on year; vessel utilisation improved to 72% from 65% in 2Q.
Shipyard revenue climbed 23% year on year, supported by higher repair volumes and added capacity following commissioning of a fourth drydock.
Strategic moves included a proposed reverse takeover valuing shipyard assets at up to S$ 139 million, alongside a recent S$ 198 million shipbuilding contract win.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marco Polo Marine Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 6CIXILHKIFU83BRG) on August 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Marco Polo Marine projects stronger FY2026 as 9-month revenue rises 30% to S$109.7 million

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