Marco Polo Marine Q3 gross profit slides 4% to S$14 million

[SINGAPORE] Integrated marine logistics company Marco Polo Marine posted a 4 per cent decline in gross profit to S$14 million for its third quarter ended Jun 30, 2025, from S$14.6 million in the year-ago period.

Despite this, its gross profit margin increased to 44 per cent, from 42 per cent in Q3 2024.

Its revenue fell 9 per cent on the year to S$31.7 million, from S$34.9 million previously, according to its business update on Monday (Aug 18).

The top-line decline was largely driven by lower revenue from its shipyard operations and rechartering income from third-party vessels in Taiwan, the group said.

For the quarter, the group’s ship chartering business generated revenue of S$22.2 million, supported by improved charter rates across its fleet and the maiden contribution of its first commissioning service operation vessel, which boosted revenue.

Third-party vessel rechartering in Taiwan moderated, but this was partially offset by revenue from owned vessels.

Shares of Marco Polo Marine ended Monday unchanged at S$0.065, before the announcement.