ASL Marine’s Net Profit in FY2026 More than Double to $33.3 Million; FY2026’s Dividend is 50% Higher than FY2025’s Dividend
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Driven by growth primarily from its Ship Chartering business segment, theGroup’s revenue increased 3.0% to $360.7 million in FY2026 (FY2025: $350.1 million).
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Gross profit margin increased 4.1 percentage points to 21.4% in FY2026 (FY2025: 17.3%), led by improved gross profit margins in its Ship Chartering and Shipbuilding business segments.
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Boosted by increased revenue and higher gross margins, gross profit improved 27.0% to $77.0 million in FY2026 (FY2025: $60.7 million).
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With the Group’s ongoing deleveraging initiatives, finance costs continued to reduce, lowering by 66% to $7.3 million in FY2026 (FY2025: $21.4 million).
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Improved EBITDA of $84.7 million in FY2026 (FY2025: $79.1 million) reflects robust underlying performance with its service-centric business model, supported by healthy operating cash flow of $49.5 million generated in FY2026.
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The proposed final dividend of 0.17 SG cents per share brings the total dividend for FY2026 to 0.30 SG cents per share, which is 50% more than FY2025’s dividend of 0.20 SG cents per share.
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Balance sheet continued to strengthen, with cash and cash equivalents increasing to $30.1 million and net assets increasing to $147.7 million.
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Net gearing improved significantly to 0.59x (30 June 2025: 1.32x) with total liabilities reducing by S$100.1 million as at 30 June 2026.
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As at 30 June 2026, the Group has an outstanding ship chartering order book of approximately $61 million relating to long-term contracts of more than one year.
Commenting on strong set of FY2026 results, Mr Ang Kok Tian, Managing Director, said: “FY2026 marks a meaningful step forward in our financial performance, reflecting the progress we have made in strengthening our service-centric business model, anchored by the resilient contribution from our Ship Repairs business segment.
We believe that our efforts will enable us to preserve financial resilience while investing selectively in growth opportunities and creating sustainable, long-term value for our shareholders.”
On the increased dividends for FY2026, Mr Ang added: “Given our improved performance in FY2026 and the resilience of our core business segments, the Board is pleased to demonstrate our commitment to rewarding shareholders with more dividends this year.
As we position the Group to capture opportunities arising from Singapore’s multi-year, 100 billion-dollar national initiatives, we will remain disciplined in balancing strategic reinvestment for future growth with sustainable returns to our shareholders.”