Yangzijiang Maritime Development Ltd. reported a net profit attributable to equity holders of US$129.7 million for the year ended 31 December 2025, a 5 per cent decline year-on-year, as higher operating and listing costs offset solid gains from its expanded maritime fund assets.
Total income slipped 4 per cent to US$142.4 million. The board has proposed a first-time dividend of 0.5 Singapore cent per share for FY2025, subject to shareholder approval at the upcoming annual general meeting. Net asset value stood at 46.57 US cents (59.01 Singapore cents) per share as at 31 December 2025.
Maritime Business income surged 61.2 per cent to US$69.9 million, buoyed by a larger portfolio of maritime fund assets and higher charter-related earnings. Cash Management income fell 55.9 per cent to US$33.5 million after the company redeployed surplus cash into new maritime projects against a backdrop of lower interest rates. Income from Other Non-Maritime Investments rose 33.6 per cent to US$39.0 million on stronger interest returns.
Total expenses increased 44 per cent to US$36.2 million, mainly due to US$7.7 million in additional operating and depreciation costs linked to the enlarged vessel fleet and about US$1.8 million in one-off listing expenses. These higher costs, alongside a softer contribution from treasury assets, weighed on the bottom line despite a jump in joint-venture profit to US$18.0 million, driven by gains from vessel disposals.
To reinforce shareholder returns, the company will seek approval at an extraordinary general meeting on 6 March 2026 for a share-buyback mandate, complementing its dividend proposal. Yangzijiang Maritime ended the year with net assets of US$1.6 billion and cash and cash equivalents of US$400.4 million.
Management signalled confidence in the outlook, citing continued demand for alternative financing as Western capital tightens and shipping firms accelerate fleet renewal to meet decarbonisation rules set by the International Maritime Organization. Since its November 2025 listing, the group has placed newbuilding orders with three Chinese yards for 16 vessels, lifting its committed newbuild pipeline to 50 vessels, including options. Executive chairman and chief executive Ren Yuanlin said the asset-light model, coupled with disciplined capital allocation, should keep the company agile through market cycles while supporting long-term growth.