The Gulf Navigation Holding Group has released its financial results for the period ending June 30, 2025, showing significant growth in revenues, improved margins, and a return to profitability. The company reported revenues of AED 28.5 million, representing a 110% increase compared to AED 13.6 million during the same period in 2024.
Net profit reached AED 7.4 million, in contrast to a net loss of AED 13.2 million in the same quarter of the previous year, indicating an improvement of AED 20.6 million.
Cash liquidity rose to AED 24.4 million, up from AED 5.2 million at the end of 2024. Direct costs amounted to AED 22.3 million, down 22% from AED 28.6 million in the comparable period of 2024.
Ahmad Al-Kilani, a board member and CEO, stated, “The company has experienced robust revenue growth, significant margin improvements, and a return to profitability, reflecting the resilience of our core operations and the strength of our operational model. Our consistent focus on enhancing fleet efficiency, disciplined financial management, and improving operational performance is now yielding tangible results.”
Furthermore, the strategic acquisition of Brooge Energy Limited’s assets will mark a turning point in our transformation journey, enhancing our competitive capabilities and future growth prospects.
We are confident in our ability to leverage this momentum in the second half of the year and remain committed to delivering sustainable value for our shareholders in the long term.”