Announcement • Feb 06
Al Seer Marine Supplies and Equipment Company PJSC, Annual General Meeting, Mar 02, 2026 Al Seer Marine Supplies and Equipment Company PJSC, Annual General Meeting, Mar 02, 2026, at 13:00 Arabian Standard Time. Location: abu dhabi United Arab Emirates Reported Earnings • Jan 30
Full year 2025 earnings released: د.إ0.29 loss per share (vs د.إ1.47 loss in FY 2024) Full year 2025 results: د.إ0.29 loss per share (improved from د.إ1.47 loss in FY 2024). Revenue: د.إ1.35b (up 5.2% from FY 2024). Net loss: د.إ292.7m (loss narrowed 80% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. New Risk • Dec 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 58% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.0% average weekly change). Announcement • Nov 25
Al Seer Marine Appoints Mark Hawkes as its New Chief Financial Officer Mark Hawkes will join Al Seer Marine as its new Chief Financial Officer (CFO). Hawkes, with over 25 years of financial and operational leadership across diverse industries, including logistics, investment, and petrochemicals, is a seasoned executive with extensive international experience. He has a significant career focus in the UAE and wider Middle East and will play a significant role in driving the company's ambitious global expansion and strategic roadmap. His background encompasses leadership in sophisticated financial instruments, including managing large-scale funding lines and spearheading major IT/ERP system implementations. Hawkes will support in solidifying Al Seer Marine's financial resilience and providing the robust fiscal framework required to realise its vision of becoming a global maritime powerhouse. Reported Earnings • Jul 30
Second quarter 2025 earnings released: EPS: د.إ0.28 (vs د.إ0.90 loss in 2Q 2024) Second quarter 2025 results: EPS: د.إ0.28 (up from د.إ0.90 loss in 2Q 2024). Revenue: د.إ304.5m (down 3.7% from 2Q 2024). Net income: د.إ278.4m (up د.إ1.18b from 2Q 2024). Profit margin: 91% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Jul 29
Al Seer Marine Supplies and Equipment Company PJSC to Report Q2, 2025 Results on Jul 28, 2025 Al Seer Marine Supplies and Equipment Company PJSC announced that they will report Q2, 2025 results on Jul 28, 2025 Announcement • Jun 20
Al Seer Marine Supplies and Equipment Company PJSC to Report First Half, 2025 Results on Jul 26, 2025 Al Seer Marine Supplies and Equipment Company PJSC announced that they will report first half, 2025 results on Jul 26, 2025 New Risk • May 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Emirian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 51% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Sep 23
Al Seer Marine Supplies and Equipment Company PJSC(ADX:ASM) dropped from FTSE All-World Index (USD) Al Seer Marine Supplies and Equipment Company PJSC(ADX:ASM) dropped from FTSE All-World Index (USD) Board Change • Aug 20
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 27
Second quarter 2024 earnings released: د.إ0.90 loss per share (vs د.إ0.038 profit in 2Q 2023) Second quarter 2024 results: د.إ0.90 loss per share (down from د.إ0.038 profit in 2Q 2023). Revenue: د.إ316.1m (up 1.1% from 2Q 2023). Net loss: د.إ900.9m (down د.إ939.1m from profit in 2Q 2023). Reported Earnings • Jan 23
Full year 2023 earnings released: د.إ1.03 loss per share (vs د.إ1.01 profit in FY 2022) Full year 2023 results: د.إ1.03 loss per share (down from د.إ1.01 profit in FY 2022). Revenue: د.إ1.23b (up 11% from FY 2022). Net loss: د.إ1.03b (down 202% from profit in FY 2022). Reported Earnings • Jul 25
Second quarter 2023 earnings released: EPS: د.إ0.038 (vs د.إ0.81 in 2Q 2022) Second quarter 2023 results: EPS: د.إ0.038 (down from د.إ0.81 in 2Q 2022). Revenue: د.إ312.8m (up 3.0% from 2Q 2022). Net income: د.إ38.3m (down 95% from 2Q 2022). Profit margin: 12% (down from 266% in 2Q 2022). Reported Earnings • Jan 26
Full year 2022 earnings released: EPS: د.إ1.01 (vs د.إ4.90 in FY 2021) Full year 2022 results: EPS: د.إ1.01 (down from د.إ4.90 in FY 2021). Revenue: د.إ1.11b (up 79% from FY 2021). Net income: د.إ1.01b (down 60% from FY 2021). Profit margin: 91% (down from 405% in FY 2021). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 18% share price gain to د.إ11.04, the stock trades at a trailing P/E ratio of 3.7x. Average trailing P/E is 47x in the Aerospace & Defense industry in Asia. Total loss to shareholders of 30% over the past year. Reported Earnings • Jul 31
Second quarter 2022 earnings released: EPS: د.إ0.81 (vs د.إ2.01 in 2Q 2021) Second quarter 2022 results: EPS: د.إ0.81. Revenue: د.إ303.8m (up 101% from 2Q 2021). Net income: د.إ807.3m (up 101% from 2Q 2021). Announcement • Jul 01
Al Seer Marine Launches Fastest, Tech-Advanced High-Speed Ferries in MENA Region Al Seer Marine PJSC announced that it has launched a new product range by developing high-speed ferries in collaboration with French design and innovation company SEAir. The new high-speed ferries under development will utilise SEAir's extensive expertise in creating innovative maritime technologies, including hydrofoils that reduce fuel consumption, and patented technologies that support stability and shock mitigation. As a result, the vessels will be more cost-effective and safer with the ability to reach the fastest top speeds in the MENA region. This cooperation will enable Al Seer Marine to develop vessels for public maritime transportation that can carry 60 - 80 passengers. The new vessels will have a direct positive impact on customers by reducing ticket prices, improving safety parameters, and shortening travel time. According to the Fortune Business Insight report, the global Marine Hybrid market is expected to grow from USD 3.93 billion in 2021 to almost USD 10 billion in 2029 at a growth rate of 11.71% in the forecast period. The Middle East and Africa region is also expected to increase at a considerable compound annual growth rate during the project period. Al Seer Marine is already a leader in marine services in the region and has been expanding rapidly in the commercial shipping segment. The company aims to increase its fleet to become the largest in the MENA market and is analyzing expansion initiatives in product tankers, gas tankers, and dry bulk shipping sectors, with short-term plans of acquiring 10 to 15 ships in 2022. Reported Earnings • Apr 27
First quarter 2022 earnings released First quarter 2022 results: Revenue: د.إ171.0m (up 41% from 1Q 2021). Net income: د.إ75.6m (up د.إ66.5m from 1Q 2021). Profit margin: 44% (up from 7.5% in 1Q 2021). Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 19% share price gain to د.إ13.10, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 50x in the Aerospace & Defense industry in Asia. Announcement • Feb 18
Al Seer Marine Reportedly Intends to Acquire German Shipyard Lloyd-Werft Abu Dhabi-based shipbuilder Al Seer Marine is interested in acquiring insolvent Lloyd Werft Bremerhaven GmbH, the Chief Operating Officer of the potential investor told news agency DPA. The interest in a potential deal is serious, Holger Schulte-Hillen said, confirming an earlier media report. The insolvency administrator of Lloyd-Werft, Per Hendrik Heerma, also confirmed that talks are being held with various investors who are interested in taking over the ailing shipyard, including its employees. The talks are in an advanced stage and a deal is expected at the beginning of March, according to Christoph Morgen, the insolvent administrator of MW Werften Holdings part of which is Lloyd-Werft Bremerhaven. Announcement • Feb 03
Al Seer Marine Supplies & Equipment Company P.J.S.C, Annual General Meeting, Feb 28, 2022 Al Seer Marine Supplies & Equipment Company P.J.S.C, Annual General Meeting, Feb 28, 2022, at 11:00 Coordinated Universal Time. Agenda: To consider authorizing the Chairman of the GM to appoint the meeting secretary and the vote collector; to review and approve the report of the Board of Directors on the Company's activity and its financial position and its corporate governance report for the financial year ended December 31, 2021; to review and approve the Auditors' report for the financial year ended December 31, 2021; and to consider other matters. Reported Earnings • Feb 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: د.إ4.90 (down from د.إ33.94 in FY 2020). Revenue: د.إ620.8m (up 22% from FY 2020). Net income: د.إ2.52b (up د.إ2.48b from FY 2020). Revenue was in line with analyst estimates.