Gulf Navigation Holding posts a mixed bag of earnings

GulfNav posts a mixed bag: Dubai-listed maritime firm Gulf Navigation Holding (GulfNav) posted a near 59% y-o-y decline in its net income to AED 13.7 mn in FY 2025, according to its financials (pdf). The firm’s revenue saw a 9.5% y-o-y increase to AED 307 mn.

GulfNav had a busy year: The firm acquired the Fujairah-based storage business of Nasdaq-listed Brooge Energy last year. It also directed part of its operating cashflow toward the Phase III expansion, which is set to add 1.1 mcm of storage capacity.

Saudi Ground Services had a solid 2025

Saudi Ground Services Company saw its bottom line increase 23.8% y-o-y to SAR 404.7 mn in 2025, driven by gains from equity investments and lower zakat charges, it said in a disclosure to Tadawul. Revenue edged up 1.7% y-o-y to SAR 2.7 bn, supported by higher domestic and international flight activity.

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