Newport Marine Services Profit Grows 73 Per Cent, Boosted by Ship Charter Business
PT Newport Marine Services Tbk (BOAT) recorded significant net profit growth throughout 2025. The positive performance was driven by the vessel charter business segment and efficient financial management. Based on the financial statements for the period ending 31 December 2025, the company recorded net profit of US$2.04 million, representing a 73% increase compared to the previous year’s US$1.17 million.
In line with this, net profit margin improved to approximately 11.5% from 10.2% in 2024, reflecting improvements in operational efficiency and cost control. On the revenue side, the company recorded an increase of 54% to US$17.71 million in 2025, compared to US$11.46 million in the previous year. This growth was primarily supported by increased activity in the vessel charter segment, as new projects were secured and fleet utilisation improved.
Chief Executive Officer of Newport Marine Services, Sujaya Soekarno Putra, stated that the performance improvement reflects the effectiveness of the company’s commercial and operational strategy in capturing opportunities within the maritime services sector.
“This growth was driven by increased charter vessel activity, resulting from the successful acquisition of new projects, which led to improved fleet utilisation,” said Sujaya.
Moving forward, the company plans to continue strengthening business activities whilst implementing a measured expansion strategy, particularly in the offshore sector, which is considered to have positive prospects.
From a financial perspective, the company also recorded a decrease in interest expenses following reduced bank borrowings, which further improved profitability. Additionally, operating margin and EBITDA showed improvement aligned with cost efficiency and increased fleet utilisation.
Operating cash flow also experienced significant improvement, reaching US$5.03 million in 2025, compared to US$2.32 million in the previous year. This increase was driven by the optimisation of cash flow management and working capital.
The strengthening of cash flow and financing efficiency have provided the company with greater scope for investment, particularly in fleet and operational assets.
“However, expansion remains conducted selectively and prudently, considering the dynamics of global interest rates and energy market volatility,” he added.
From an industry perspective, the offshore maritime services sector has shown recovery trends in recent years, driven by increased oil and gas exploration and production activity. This has also driven demand for offshore support vessel services. With this trend, the company is optimistic about sustaining growth through increased commercial activity, fleet optimisation, and discipline in financial management.