ASL Marine Holdings Limited (ASL Marine) (SGX:A04
) has reported a significantly higher net profit of $25.4 million for 9MFY2026 ended Mar 31, 2026.
Revenue for 9MFY2026 increased by 2% y-o-y to $271.1 million, mainly due to higher revenue contribution from ship repair, conversion and engineering services segment as well as ship chartering segment. However, revenue growth was partially offset by lower revenue contribution from its shipbuilding segment.
Gross profit was 16.6% higher y-o-y to $50.7 million, driven by its ship chartering segment, while ship repair, conversion and engineering services segment saw lower gross profit contribution.
Despite the lower gross profit contribution, the gross profit margin for its ship repair, conversion and engineering services segment remained above 20%, with gross profit margin of ship chartering segment improved to 18% in 9MFY2026.
As a result, overall gross profit margin was up by 3 percentage points to 19% in 9MFY2026.
“Looking ahead, we remain committed to prudent capital management and disciplined growth initiatives. By strengthening our operational capabilities and maintaining a resilient financial foundation, we are well positioned to drive sustainable value creation for our stakeholders,” says Ang Kok Tian, managing director for ASL Marine.
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As at 9.18am, shares in ASL Marine were trading 0.5 cents lower, or 1.37% down at 36 cents.
