Looking Back on 2025

2025 has been a defining year for Stanford Marine Group, a year marked not only by strong performance, but by meaningful progress in strengthening our position as an integrated and forward-looking maritime platform.

Across our offshore chartering and shipbuilding businesses, we have continued to build on our core strengths while adapting to a dynamic and evolving market environment. This has enabled us to deliver consistent results, deepen client relationships, and reinforce our role as a trusted partner in the offshore energy sector.

Our progress this year reflects more than financial performance. It is a testament to the resilience of our operations, the trust of our clients, and the commitment of our people across every part of the organisation.

Strong Operational and Commercial Performance

2025 marked a record year for our offshore chartering business, delivering the strongest performance in our history. Supported by improved market conditions and sustained offshore activity, we achieved higher utilisation across our fleet of over 120 offshore support vessels operating across the GCC and selected international markets.

This performance was driven by disciplined fleet management, strong commercial execution, and our ability to respond quickly to changing client requirements. By maintaining close engagement with our clients and aligning with their operational needs, we strengthened long-term partnerships and secured repeat business across multiple markets.

Our forward-looking commercial strategy and focus on operational readiness enabled us to capture opportunities effectively, maximise fleet performance, and reinforce our reputation as a reliable offshore marine partner.

Grandweld continued its strong growth trajectory in 2025, securing a robust pipeline of shipbuilding and ship repair contracts across the GCC and international markets.

During the year, 10 newbuild vessels were successfully delivered, while the Ship Repair division achieved record revenue, reflecting sustained demand and high levels of customer satisfaction. This performance highlights Grandweld’s capability to deliver quality, reliability, and technical excellence at scale.

With a current shipbuilding order book of 13 vessels, Grandweld continues to demonstrate strong client confidence in its capabilities and remains a key pillar of the Group’s integrated offering and long-term growth strategy.

Health, Safety, and Environment

In 2025, we maintained an LTI-free year across our chartering operations, reflecting the strength of our safety culture and the discipline embedded across our offshore and onshore teams.

We continued to enhance our HSE practices through increased digitalisation, including the development of in-house applications to improve audit, inspection, and reporting processes. These initiatives are strengthening visibility, accountability, and efficiency across the organisation.

At Grandweld, we also achieved zero LTIs during a year of high operational activity, reinforcing our commitment to maintaining the highest safety standards across all shipbuilding and repair operations.

Sustainability and Corporate Responsibility

Sustainability continues to shape how we operate, with a growing focus on improving efficiency, reducing environmental impact, and embedding responsible practices across our business.

Throughout the year, we continued to reduce our environmental footprint through initiatives such as fuel efficiency improvements, eco-friendly hull coatings, energy-saving technologies, and LED lighting across our fleet. Onshore, we implemented practical measures including recycling programs, reduced single-use plastics, and water conservation initiatives.

We also remained committed to supporting our communities through partnerships with organisations such as Al Noor Training Centre, Rashid Centre for People of Determination, and the Mission to Seafarers.

At Grandweld, our investment in renewable energy delivered measurable impact, with a reduction of approximately 920 tonnes of CO₂ emissions through our rooftop solar energy system. This positions Grandweld among the early adopters of large-scale renewable energy in the regional maritime sector and supports our long-term sustainability ambitions.

Building on Momentum for the Years Ahead

Following a record year in 2025, we move forward with confidence, ambition, and a clear sense of purpose. Stanford Marine Group is entering its next phase from a position of strength, supported by solid performance and a platform well placed to deliver sustainable, long-term growth. Our focus is not only on maintaining the gains of the past year, but on building a stronger, more efficient, and more resilient business for the future.

Across our core regions in the Middle East, Africa, and Asia, offshore activity continues to drive demand for reliable and efficient marine support. Our priority is to respond with disciplined execution, strengthening our operational capabilities and ensuring consistent, sustainable performance.

As part of this next phase, we will continue to optimise and modernise our fleet through a balanced approach that combines selective newbuild investments with the acquisition of quality resale assets, alongside the progressive rationalisation of older vessels. This will enhance operational efficiency, strengthen fleet capability, and ensure our asset base remains competitive and aligned with evolving requirements.

Alongside our commercial and fleet objectives, we remain equally focused on strengthening the foundations of the business. This includes further embedding a strong HSE culture across the Group, advancing crew welfare standards, and ensuring our people, both onshore and offshore, are equipped and supported to perform at the highest level. We believe long-term growth must be underpinned by safe operations, a strong safety mindset, and continued investment in the well-being and development of our seafarers and employees.

Elias Nassif
CEO