Posted on November 28, 2025
SGX-Mainboard listed ASL Marine Holdings Ltd. (“ASL Marine” or “洪新刘海运”, the “Company” and together with its subsidiaries, the “Group”), a vertically-integrated marine services group in the region with an established 50-year track record, today released its business update for the first quarter ended 30 September 2025 (“1QFY2026”).
Revenue for 1QFY2026 increased 12.1% year-on-year, with increased revenue contribution mainly from shipbuilding and its ship repair, conversion and engineering services, while revenue contribution from ship chartering segment remained relatively stable. Notably, the Group’s finance costs declined by approximately S$4 million as deleveraging efforts gain pace.
Commenting on the 1QFY2026’s business updates, Mr Ang Kok Tian, Managing Director, said “We are pleased to have built on the positive momentum in recent years to deliver a good set of results this quarter.
Combined with our ongoing deleveraging efforts, we believe that this is a testament to our business strategy in focusing on core competencies of ship repairs and marine services that are service-centric in nature.
With a disciplined financial approach, the Group will continue to pursue strategic business opportunities in 2026, while strengthening our foundation of operational reliability and enhancing our financial resiliency.”
