{"id":94312,"date":"2026-04-01T00:00:00","date_gmt":"2026-04-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/?p=94312"},"modified":"2026-04-01T06:36:34","modified_gmt":"2026-04-01T06:36:34","slug":"gulfnav-posts-a-mixed-bag-of-fy-2025-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2026\/04\/01\/gulfnav-posts-a-mixed-bag-of-fy-2025-results\/","title":{"rendered":"GulfNav posts a mixed bag of FY 2025 results"},"content":{"rendered":"<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\n<p class=\"tag-border-left\">Gulf Navigation Holding posts a mixed bag of earnings<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>GulfNav posts a mixed bag: <\/strong>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 <a href=\"https:\/\/ent.news\/2026\/3\/1478.pdf\" target=\"_blank\" rel=\"noopener\">financials (pdf)<\/a>. The firm\u2019s revenue saw a 9.5% y-o-y increase to AED 307 mn.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>GulfNav had a busy year: <\/strong>The firm acquired the Fujairah-based storage business of Nasdaq-listed Brooge Energy <a href=\"https:\/\/enterpriseam.com\/logistics\/2025\/05\/29\/gulfnav-is-the-new-owner-of-nasdaq-listed-brooge-energy\/\" target=\"_blank\" rel=\"noopener\">last year<\/a>. It also directed part of its operating cashflow toward the Phase III expansion, which is set to add 1.1 mcm of storage capacity.<\/p>\n<p class=\"tag-border-left\">Saudi Ground Services had a solid 2025<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\"><strong>Saudi<\/strong><strong> Ground Services Company saw its bottom line increase 23.8% y-o-y to <\/strong><strong>SAR 404.7 mn in 2025<\/strong>, driven by gains from equity investments and lower zakat charges, it said in a <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=93907&amp;anCat=1&amp;cs=4031&amp;locale=en\" target=\"_blank\" rel=\"noopener\">disclosure to Tadawul<\/a>. Revenue edged up 1.7% y-o-y to SAR 2.7 bn, supported by higher domestic and international flight activity.<\/p>\n<p style=\"padding: 0;margin: 0;line-height: 1.15;text-align: left\">\n","protected":false},"excerpt":{"rendered":"<p>The company posted higher revenue, but net income fell on expansion costs.<\/p>\n","protected":false},"author":1,"featured_media":94350,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[175],"tags":[174,17,31,123,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-94312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterprise-logistics","tag-saudi-arabia","tag-shipping-maritime","tag-uae","wpautop","entry"],"acf":{"mongo_id":"c313f5a8-8836-4eea-b604-9562ab6ac028","order":"7","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"GulfNav\u2019s revenue jumps as net income dips","related_issue":[94301],"teaser":"The company posted higher revenue, but net income fell on expansion costs.","photo_link":"","related_sponsor":"","voice_url":"","en_translation_ref_id":"","section_story_id":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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