Marco Polo Marine Ltd. · SGX:5LY
Marco Polo Marine — FY2025 Earnings Presentation
21 slides from Marco Polo Marine's earnings presentation, December 2025
Slide 1: Marco Polo Marine FY2025 Update
MARCO POLO MARINE FY2025 Update Nov/Dec 2025
Slide 2: Corporate Overview
CORPORATE OVERVIEW Regional integrated marine logistics company which principally engages in ship chartering and shipyard businesses Stock Data SGX:5LY ≈51.3% Stock Code Free Float Lee Revenue S$122.8m Family Major 22.7% 16.6% 8.1% (FY2025) Shareholders Last updated: 28 April 2025 Page 2
Slide 3: Complementary Business Segments
COMPLEMENTARY BUSINESS SEGMENTS MAINTANENCE OSVs (AHTs & TUGS & BARGES WORK VESSELS AHTSs) Ship • 1 CSOV (on-hire since mid-April 2025) • Wind Farm related vessels (5x CTVs) Chartering • 13 OSVs, including 1 Maintenance Work vessels (MWVs) (vessel age: 8-17 years) • Average age of OSV fleet: ≈10 yea
Slide 4: FY2025 Highlights
FY2025 Highlights Page 4
Slide 5: FY2025 Highlights
FY2025 HIGHLIGHTS Revenue (S$m) S$ MILLION FY2025 FY2024 % change 123.5 -0.6% 122.8 Revenue 122.8 123.5 (0.6%) Gross Profit 54.2 48.5 11.8% Gross Profit Margin 44.1% 39.3% FY2024 FY2025 EBITDA* 50.1 42.7 17.3% Net Profit to Owners (S$m) EBITDA Margin 40.8% 34.6% 58.5 Net Profit to Owners 58.5 21.7 1
Slide 6: Healthy Balance Sheet
Healthy Balance Sheet S$ MILLION 30 Sep 2025 30 Sep 2024 Comments Net Asset Value 264.3 201.1 S$0.070 per share as at 30 Sep 2025 Cash & Cash Equivalents 52.2 68.8 Less Borrowings 42.9 35.1 Includes interest bearing loans and lease liabilities Net Cash 9.3 33.7 6
Slide 7: Segmental Performance and Outlook
SEGMENTAL PERFORMANCE AND OUTLOOK Page 7
Slide 8: Ship Chartering
SHIP CHARTERING Ship Chartering Revenue (S$m) 80.2 Ship Chartering revenue increased 11.5% y-o-y : 65.9 71.9 Expansion of the Group’s OSV fleet 44.7 48.5 39.0 20.1 Deployment of CSOV and 3 CTVs 16.6 13.6 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 2HFY2024 2HFY2025 Higher average charter income
Slide 9: Shipyard
SHIPYARD Shipyard revenue decreased 17.4% y-o-y Reduction in the number of third-party ship Partially offset by an increase in ship repair building projects projects with higher contract values Ship repairs is a long-term business with 50-70% repeat customers Shipyard Revenue (S$m) Shipyard Revenue
Slide 10: Outlook – Positioned for a stronger FY2026
OUTLOOK – Positioned for a stronger FY2026 Ship Chartering OSV market remains firm • Bolstered by a robust order book of S$100m (as of 30 Jun 2025) • Full-year contribution of CSOV and CTVs • Addition of 2 new AHTS in 2026 • Begin listing process of PKR Offshore Co. Ltd in 2026 Shipyard Healthy dema
Slide 11: Financial Overview
FINANCIAL OVERVIEW Revenue (S$m) Operational EBITDA* (S$m) Net (debt)/cash (S$m) 50.1 43.3 FY2025: 42.7 29.8 21.9 S$9.3m 23.0 24.3 28.7 31.4 20.7 24.2 48.2 17.1 41.4 39.0 14.3 34.2 32.9 8.7 11.7 32.0 10.0 24.5 7.8 8.5 9.9 9.4 10.7 10.5 3.8 0.9 1HFY2020 2HFY2020 1HFY2021 2HFY2021 1HFY2022 2HFY2022 1H
Slide 12: Recent Developments: Launch of first CSOV
RECENT DEVELOPMENTS Successful launch of first CSOV • Successful reflagging of vessel to Republic of China, Taiwan (ROC) • Maiden charter to Siemens Gamesa Renewable Energy (SGRE) • Operations and revenue generation has begun from mid-April All vessel types are involved across the major phases of th
Slide 13: Recent Developments: Shipyard Expansion
RECENT DEVELOPMENTS Shipyard Expansion • 4th dry dock has been launched in 4QFY2025 • Maiden S$5m contract win secured for the use of 4th dry dock • 3-yr ship repair & maintenance agreement signed with Cyan Renewables Page 13
Slide 14: Recent Developments: Listing of PKRO in Taiwan
RECENT DEVELOPMENTS Listing of PKRO in Taiwan • PKRO to submit listing application in Taiwan by 3Q of 2026 • Positioning PKRO at the epicentre of one of Asia’s most ambitious offshore wind development programmes • Proceeds will be dedicated to developing wind vessels fleet, including CSOVs, to serve
Slide 15: CSOV+
RECENT DEVELOPMENTS CSOV+ The CSOV+ in collaboration Sustainable Design Innovation with Salt Ship Design A next-generation multifunctional vessel Battery Hybrid Power System designed for enhanced safety, reliability, and sustainability in demanding offshore Alternative Fuel Compatibility environment
Slide 16: Recent Developments – CSOV+
2 RECENT DEVELOPMENTS – CSOV+ Spacious Deck Area Generous cargo storage space with customizable layout to meet specific project requirements and optimize vessel efficiency. Flexible Cargo System Advanced Safety Systems Adaptable lifting capabilities Features walk-to-work supporting 3-10 ton payloads
Slide 17: Two new Anchor Handling Tug Supply Vessels
RECENT DEVELOPMENTS Two new Anchor Handling Tug Supply Vessels (AHTS) • Strategic expansion of fleet with addition of two new Anchor Handling Tug Supply (AHTS) vessels • Combined value of approximately US$34 million • Expected to be completed and join the fleet in 2026 (Fleet size to expand from 19
Slide 18: Largest-ever shipbuilding project
RECENT DEVELOPMENTS Largest-ever shipbuilding project • Contract valued at NT$4.678 billion (≈S$198m) Key Features: • From Taiwan’s National Academy of Marine Research, a • Dynamic Positioning 2 (DP2) system research institute under the Ocean Affairs Council of Taiwan • Diesel-electric propulsion wi
Slide 19: Summary and Investment Merits
SUMMARY AND INVESTMENT MERITS Attractive Valuation • As of 30 Sep 2025, the Group's net asset value was S$0.070/share. This figure comprises a portfolio of tangible Pivoted to renewables to increase utilisation and assets that includes cash and property, plant, and equipment (PPE) boost profitabilit
Slide 20: Disclaimer
DISCLAIMER • This presentation prepared by Marco Polo Marine Ltd (the "Company") does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sal
Slide 21: Thank You
THANK YOU Investor/media enquiries: emily@gem-comm.com