Marco Polo Marine (5LY) announced its unaudited financial results for the six months ended Mar, 31 2026. Net profit attributable to owners rose 9 % to 11.6 million Singapore dollars, compared with 10.6 million Singapore dollars in the prior-year period.

Group revenue increased 40 % to 74.0 million Singapore dollars, up from 52.7 million Singapore dollars in 1HFY2025. Gross profit expanded 45 % to 31.4 million Singapore dollars, generating a 42 % gross margin. Earnings before interest, tax, depreciation and amortisation reached 28.8 million Singapore dollars, equal to a 39 % EBITDA margin. Adjusted net profit, which excludes foreign-exchange effects and asset-disposal gains, advanced 44 % to 13.8 million Singapore dollars.

As at Mar, 31 2026, the group held cash and cash equivalents of 135.6 million Singapore dollars against total borrowings of 88.8 million Singapore dollars, resulting in a net cash position of 46.9 million Singapore dollars. Net asset value stood at 291.4 million Singapore dollars, or 0.075 Singapore dollars per share.

The company said full-year FY2026 performance will benefit from a full-period contribution of its commissioning service operations vessel (CSOV) and crew transfer vessels, the delivery of two new anchor-handling tug supply vessels, the commencement of its fourth dry dock, and a recently secured shipbuilding contract worth approximately 198 million Singapore dollars.