Wintermar Offshore (WINS:JK) Reports 1Q2026 Results
JAKARTA, INDONESIA, Apr 30, 2026 - (ACN Newswire via SeaPRwire.com) - Wintermar (WINS:JK) records attributable net profit growth of 194%YOY to US$4.8million for 1Q2026 on 47.8% YOY revenue growth.Owned Vessel DivisionWith more High Tier vessels in operation since December 2025, 1Q2026 recorded a 53.9% YOY increase in Owned Vessel Revenue amounting to US$22.8million, resulting in Owned Vessel gross profit doubling to US$12.7million for 1Q2026 on gross margins of 55.7% compared to 41.1% in 1Q2025. Chartering Division and Other ServicesManagement continued to focus on marketing Owned Vessels and grow the Other services division where margins higher, resulting in a fall in Gross profit from chartering to US$0.03million (-15%YOY) while Other Services contributed gross profit of US$0.5million (+17%YOY) with gross margins of 34.1%.Direct Expenses and Gross ProfitIn line with the larger fleet of High Tier Vessels in operation, depreciation rose by 20.0% YOY to US$4.0million while Crewing rose by 24.2% YOY to US$2.9million and Operational costs grew 38.5% to US$1.1million for 1Q2026.As more vessels were in operation compared to 1Q2025, maintenance costs were lower by 1.8%YOY at US$1.7m...
