Jason Marine Group FY2025: Revenue up 40% to S$48.6M, record project deliveries and strong sustainability strides
Summary:
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Jason Marine Group Limited reported a 40.3% surge in revenue to S$48.6 million for FY2025, driven by substantial project deliveries secured in prior years. Profit after tax rose to approximately S$777,000, up from S$180,000 in FY2024. Gross profit also increased 42.1% to S$14.6 million.
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Despite higher operating costs from workforce expansion and overseas growth, the Group maintained a robust balance sheet with net cash of S$5.3 million. It declared a final cash dividend of 0.5 Singapore cents per share.
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Operational highlights included the first-ever Maritime Broadband installation combining Low Earth Orbit and Geostationary satellites, strengthening their position as a marine communications leader.
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Jason Marine achieved 9 out of 11 of its FY2025 sustainability targets, notably a 43% reduction in energy use from FY2016 levels, 100% electronic waste recycling, and zero product safety complaints. The Group also attained ISO/IEC 27001 certification for cybersecurity.
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Looking ahead, the company plans to deepen collaborations, explore new markets, and leverage a healthy project backlog, including contracts tied to offshore wind and renewables, supporting growth for the next 2–3 years