Mermaid Maritime 1H FY26 net loss narrows 53.2% to USD 7.23 million
Reuters2026/08/11 11:37- 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.
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