The Marine Equipment and Supplies Company, part of the International Holding Company, has announced its financial results for the year 2025, showcasing remarkable performance with a significant 110% increase in operating profits year-over-year, amounting to 209 million dirhams, alongside a 5.21% rise in revenue to 1.35 billion dirhams.
The company also recorded a gross profit growth of 14.57%, reaching 164 million dirhams, reflecting the resilience of its business model and its capacity to deliver increasing returns. These results underline the effectiveness of the company’s strategic financial approach in restructuring its capital, coupled with enhanced asset utilization, which has reinforced the market position of Marine Supplies and adopted best operational practices for sustainable growth.
The company’s non-current assets reached 2.36 billion dirhams, comprising its revenue-generating fleet and production infrastructure facilities, which underpin Marine Supplies’ operational capabilities.
This serves as a guarantee for steady commercial return growth. Simultaneously, the effective management of current assets, totaling 5.67 billion dirhams, allowed the company to reduce its current liabilities by 57%, bringing them down to 732.8 million dirhams.
The company has implemented a comprehensive debt restructuring program that significantly alleviated pressures from short-term debt by securing better terms for long-term financing; successfully extending the maturity of its non-current liabilities from 2.25 billion dirhams to 3.17 billion dirhams.
Jay Nevins, CEO of Marine Equipment and Supplies Company, stated, “The strong results for 2025 mark a pivotal moment in our journey, as we start to reap the benefits of strategies initiated many years ago.
We have always aimed to transform the company into a global maritime force with diversified resources across various business sectors, including a new-generation commercial fleet, advanced shipbuilding capabilities, providing premier luxury yacht management services, acquiring cutting-edge technologies for unmanned boats, and operating one of the world’s largest 3D printing facilities. This extraordinary rise in our operating profits affirms our successful vision in proactive initiative, planning ahead, and embracing long-term innovation.”
Gunteres Alvarado, Executive Vice President of Marine Equipment and Supplies Company, remarked, “Our success in completing the first phase of our fleet expansion in just three years has laid a strong foundation for enhancing our performance in 2025.
We currently operate 18 vessels, including several advanced dual-fuel giant gas carriers, which have strengthened our fleet portfolio and diversified our capabilities across major shipping sectors, ensuring we maintain robust revenue-generating assets that have contributed to the high operating profits we are announcing today.”