Mermaid Maritime 1H FY26 net loss narrows 53.2% to USD 7.23 million

Reuters2026/08/11 11:37

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Mermaid Maritime posted a net loss of USD 7.23 million for the six months ended June 30, narrowing 53.2% year on year.
Revenue fell 36.7% to USD 145.96 million, reflecting weaker transportation and installation and decommissioning activity despite strong IRM demand.
Basic loss per share narrowed to USD 0.0036 from USD 0.0110 a year earlier.
Net cash from operating activities rose to USD 19.61 million; cash and cash equivalents edged up to USD 66.4 million at June 30.
Management flagged persistent Middle East disruption risks while citing sustained subsea demand and planned reactivation of DS Mermaid Commander.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mermaid Maritime Public Company Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 65PFOHHQ0TZT9Y4P) on August 11, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mermaid Maritime 1H FY26 net loss narrows 53.2% to USD 7.23 million

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