Wintermar Offshore (WINS:JK) Reports 1H2026 Results

JAKARTA, July 30, 2026 - (ACN Newswire) - Wintermar reports 24.4% YOY Growth in Attributable Net Profit to US$8.4 million with additional High Tier vessels in operation and better fleet utilization at 62% for 1H2026 compared to 56% in 1H2025. Owned Vessel Division Owned Vessel revenue grew by 41.4% YOY to US$45 million in 1H2026 as more vessels were operational compared to 1H2025. Margins for owned Vessels widened to 51.7% in 1H2026 compared to 39.1% in 1H2025 as more PSVs were deployed. However, fleet utilization in 2Q2026 was slightly lower than 1Q2026 as the market is still largely dominated by spot contracts in the period, although charter rates are higher. As the acquisition of FOS was completed at the end of June, earnings from FOS will only be consolidated in 2H2026. There has been a delay in the tendering timeline for some longer term domestic OSV contracts, which prolong the volatility in the fleet utilization as a large proportion of the fleet are still on short term contracts. The conflict in the Middle East has also impacted some vessels which had been planned for deployment in that region. Chartering Division and Other Services Revenue contribution from the Chartering