Maridive Achieves Strong Financial Turnaround with 171% Net Profit Growth
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Maridive and Oil Services Company reported a 171% increase in net profit after tax in 2025 compared to 2024, to reach $59.3 million. Revenues during the same period climbed 21% to $254.3 million.
Gross profit rose 24% to $130.8 million, supported by “higher utilization rates of the Company’s vessels, adherence to scheduled maintenance timelines for units, and an increase in daily charter rates for certain marine units owned by the Company,” stated the company’s EGX disclosure
These results underscore the company’s commitment to strategic plans to boost operational efficiency and financial performance, while maintaining competitiveness and exploring new growth opportunities to enhance shareholder returns, according to the disclosure.
Maridive & Oil Services has long been a leading provider of offshore marine and construction services across the MENA region. Its current strategy, focused on operational efficiency and divesting non‑core assets, mirrors a broader industry trend of portfolio rationalization as companies adapt to volatile global energy markets
The post Maridive Achieves Strong Financial Turnaround with 171% Net Profit Growth first appeared on Egypt Oil & Gas.
المصدر: Egypt Oil & Gas