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Maridive’s consolidated profits leap 29% YoY in Q1 2026

Updated 7/21/2026 10:26:00 AM
Maridive’s consolidated profits leap 29% YoY in Q1 2026

Arab Finance: Maridive and Oil Services recorded 29.09% year-on-year (YoY) higher consolidated net profits after tax valued at $23.242 million in the first quarter (Q1) of 2026, compared to $18.004 million, as per the financial results.

Operating revenues jumped to $66.305 million in Q1 2026 from $60.472 million in Q1 2025.

Basic and diluted earnings per share (EPS) hit $0.05 at the end of March 2026, up YoY from $0.04.

As for the standalone business, the company turned profitable at $1.889 million in the first three months of 2026, against net losses of $23.955 million in Q1 2025.

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