Marsden Maritime (MMH) H1 2025 earnings summary

Executive summary

• Net profit after tax for the six months ended 31 December 2024 was $3.8 million, down from $4.4 million for the same period last year.

• Total comprehensive income was $3.1 million, compared to $3.9 million in the prior year.

• Dividends paid to shareholders during the period totaled $2.4 million.

Financial highlights

• Operating income for the period was $5.8 million, a decrease from $6.0 million year-over-year.

• Share of profit from joint venture (Northport Ltd) contributed $4.0 million, down from $4.3 million.

• Basic and diluted EPS was 9.19 cents, compared to 10.55 cents in the prior year.

• Net cash flow from operating activities was $2.2 million, down from $4.5 million year-over-year.

• Total assets at 31 December 2024 were $196.9 million, up from $195.7 million a year earlier.

Outlook and guidance

• The company expects to incur up to $800,000 in additional non-recurring administrative expenses in the second half of FY2025.

• Northport Ltd declared a $2.5 million fully imputed dividend payable in February 2025.