Arab Finance: Maridive and Oil Services generated 171% year-on-year (YoY) higher consolidated net profits at $59.336 million in 2025, compared to $21.908 million, according to the financial results.

The company achieved a gross profit from consolidated operations of $130.8 million, compared to $105.4 million in the previous fiscal year, reflecting an improvement of 24%.

This was driven by higher utilization rates of the vessels, adherence to scheduled maintenance timelines for units, and an increase in daily charter rates for certain marine units owned by the company in particular.

Revenues climbed by 21% YoY to $254.325 million last year from $210.149 million in 2024.

Basic and diluted earnings per share (EPS) hiked by 200% YoY to $0.12 at the end of December 2025 from $0.04.

In 2025, the company’s standalone net losses widened by 234% to $21.162 million from $6.328 million a year earlier.