Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announced its financial results for the first half of 2026 (H1 2026), reporting an operating profit of AED 89.2 million before fair value adjustments to its investment portfolio, despite continued volatility in maritime trade routes across the GCC.
With total revenue of AED 578.9 million, Al Seer Marine demonstrated the strength of its underlying commercial operations and its ability to maintain robust performance. Al Seer Marine’s asset base stood at AED 2.30 billion in non-current assets and AED 5.53 billion in current assets as of 30 June 2026. The company maintains a solid capital base, with total shareholders’ equity of AED 3.9 billion, providing a strong financial foundation as global trade conditions continue to normalise.
Guy Neivens, CEO of Al Seer Marine, said: “The first half of 2026 tested the maritime sector in ways few could have anticipated, with global shipping routes disrupted by regional conflict. Yet, relying on our predictive risk management capabilities, we managed to stay ahead of the crisis, taking exceptional measures to protect the interests of our shareholders. All 18 of our commercial vessels were fully deployed worldwide, with zero strandings despite the crisis in the Strait of Hormuz. Meanwhile, we launched an emergency plan to ensure the safety and wellbeing of our team members, maintaining full operating capacity across our other business verticals, including Innovation, Defence & Technologies, and Yacht Management divisions. We are proud to be a key partner in supporting the UAE’s security strategy.”
The first half also delivered significant strategic milestones across the Group. Al Seer Marine maintained 100% operational uptime, progressed deliveries under a strategic national maritime security programme, and expanded its growth platform through agreements with Abu Dhabi Mobility on large-scale robotic 3D printing, RPM on advanced sea ambulance solutions, and The Captains Holding on an integrated maritime ecosystem. The company also joined the UAE Shipbuilders Consortium, strengthening its role in the development of the UAE’s maritime industrial base.
Al Seer Marine’s share capital stood at AED 1 billion as of 30 June 2026, with accumulated profits of AED 221.2 million. The company remains committed to disciplined execution, operational excellence and long-term value creation for its shareholders.
Having successfully navigated one of the most challenging periods for global shipping, Al Seer Marine has reinforced the resilience of its diversified business model. Its fleet, products and services remain essential to the energy, petrochemical and defence sectors, industries of strategic importance with enduring long-term demand across the region.
