Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, has recorded a total revenue of AED579 million ($158 million) for the first six months of 2026, thus demonstrating the strength of its underlying commercial operations and its ability to maintain robust performance.

Announcing its financial results for the six-month period ended June 30, 2026, the Abu Dhabi group said its operating profit stood at AED89.2 million before fair value adjustments to its investment portfolio, despite continued volatility in maritime trade routes across the GCC.

Al Seer Marine's asset base stood at AED2.3 billion in non-current assets and AED5.53 billion in current assets as of June 30, 2026. The company maintained a solid capital base, with total shareholders' equity of AED3.9 billion.

On the results, CEO Guy Neivens said: "The first half of 2026 tested the maritime sector in ways few could have anticipated, with global shipping routes disrupted by regional conflict. Yet, relying on our predictive risk management capabilities, we managed to stay ahead of the crisis, taking exceptional measures to protect the interests of our shareholders.”

“All 18 of our commercial vessels were fully deployed worldwide, with zero strandings despite the crisis in the Strait of Hormuz," he stated.

Neivens said the group launched an emergency plan to ensure the safety and wellbeing of its team members, maintaining full operating capacity across other business verticals, including Innovation, Defence & Technologies, and Yacht Management divisions.

During H1, Al Seer Marine maintained 100% operational uptime, progressed deliveries under a strategic national maritime security programme, and expanded its growth platform through agreements with Abu Dhabi Mobility on large-scale robotic 3D printing, RPM on advanced sea ambulance solutions, and The Captains Holding on an integrated maritime ecosystem.

The company also joined the UAE Shipbuilders Consortium, strengthening its role in the development of the UAE’s maritime industrial base.-TradeArabia News Service