
Gulf Navigation Reports Strong Q2 2025 Profit Growth
Dubai-based Gulf Navigation (GulfNav) has announced second-quarter 2025 results showing strong revenue growth, improved margins and a return to profitability. The turnaround was driven by higher vessel chartering activity and stronger fleet utilisation across its operations.
Revenues rose 110% year-on-year to AED 28.5 million, compared with AED 13.6 million in the second quarter of 2024. Gross profits reached AED 6.2 million, reversing a gross loss of AED 12.5 million during the same period last year. Net profit stood at AED 7.4 million, compared to a net loss of AED 13.2 million in the second quarter of 2024.
Board Member and CEO Ahmad Kilani, commented: “Our unwavering focus on enhancing fleet efficiency, disciplined financial management, and operational performance is now delivering tangible results. In addition, the strategic acquisition of Brooge Energy Limited’s assets will mark a milestone in our transformation journey, strengthening our competitive capabilities and future growth prospects. We are confident in our ability to build on this momentum in the second half of the year and remain committed to creating sustainable long-term value for our shareholders.”
GulfNav’s improved performance highlights the success of its ongoing recovery strategy, which aims to make the company a more competitive player in the regional shipping and maritime services sector.
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