Asyad Shipping posts 3Q figures: Oman’s Asyad Shipping saw its bottom line hit OMR 12.4 mn in 3Q 2025, marking a 41.4% q-o-q rise, according to a disclosure (pdf). Comparative y-o-y figures for 3Q 2024 are not publicly available. Asyad’s top line grew 9.3% q-o-q to OMR 88.3 mn for the same period. Management attributed this to higher shipping rates, rising chartering activity, and the addition of two owned very large crude carriers to the operating fleet.

In 9M terms: The firm saw its net income drop 29% y-o-y to around OMR 33 mn in 9M 2025, the disclosure said. Its revenues shrank 8% y-o-y, reaching OMR 253 mn for the same period. The company pointed to the cyclical nature of the shipping industry to explain the downward trends.

Mixed results for the year, so far: Asyad Shipping’s bottom line fell 41% y-o-y to OMR 8.8 mn in 2Q 2025, while its top line fell 15% y-o-y to OMR 85.3 mn. For 1H 2025, the firm’s net income fell 27% y-o-y to OMR 20.2 mn, while its revenues dropped 9% y-o-y to OMR 169.1 mn.

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