Al Seer Marine Delivers AED 89.2 Million Operating Profit with Around AED 579 Million in Total Revenue for the First Half of 2026

• Generated AED 579 million in revenue and AED 89.2 million in operating profit for H1 2026, supported by strong underlying performance across the Group.
• Maintained 100% deployment of all 18 commercial vessels worldwide despite disruption in regional shipping routes.
• Achieved zero operational safety incidents while implementing comprehensive crisis management measures.
• Closed the period with AED 7.8 billion in total assets and AED 3.9 billion in shareholders’ equity, with statutory net loss improving by 21% year-on-year.

Abu Dhabi,29July 2026: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announced its financial results for the first half of 2026 (H1 2026), reporting an operating profit of AED 89.2 million before fair value adjustments to its investment portfolio, despite continued volatility in maritime trade routes across the GCC.

• Mark Hawkes is a senior executive with extensive expertise in operational leadership, financial management, M&A, and strategic planning.
• Hawkes will be instrumental in reinforcing Al Seer Marine’s financial stability and supporting its vision of becoming a global maritime powerhouse.

Abu Dhabi, 25^th of November 2025: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announced the appointment of Mark Hawkes as its new Chief Financial Officer (CFO) starting this month. Hawkes, a seasoned executive with extensive international experience, is assuming a pivotal role in driving the company’s ambitious global expansion and strategic financial roadmap.

Mark Hawkes

• Revenue rises 20.2% year-on-year, supported by enhanced asset utilisation.
• Gross profit climbs 81.7% to AED 89 million, with gross margin expanding from 8.4% to 12.7%.
• Cash balance grows 178% to AED 490 million, driven by stronger collections.
• Total assets rise 7.6% to AED 8.1 billion, whilst total borrowings decrease by 16%.

Abu Dhabi, Monday 28^th ofJuly 2025: Al Seer Marine (ADX: ASM), a frontrunner in advanced maritime solutions and a subsidiary of IHC, announces its financial results for the first half of 2025. The company posts revenue of AED 698 million, marking a 20.2% increase compared to the same period last year.