Curated News
By: NewsRamp Editorial Staff
November 05, 2026
Wintermar Posts 67.6% Operating Profit Jump in 9M2026
TLDR
- Wintermar's 67.6% operating profit jump and 32.5% margin show it is outpacing rivals as high-tier vessel demand tightens.
- Wintermar grew profit by adding high-tier vessels, improving charter rates, and consolidating FOS, which lifted margins and fleet utilization.
- Wintermar's fleet renewal and FOS acquisition support offshore energy projects, creating jobs and improving energy access for communities.
- Wintermar's fleet renewal includes two second-hand diesel-electric vessels and newbuild CTVs, with first CTV already in sea trials.
Impact - Why it Matters
The strong results underscore Wintermar's successful fleet renewal and expansion strategy, which is crucial as global offshore oil and gas activity rebounds. With oil prices elevated and supply tight, the company is well-positioned to benefit from rising demand for high-tier OSVs, particularly in Indonesia's strategic projects. This performance also signals a healthy outlook for the offshore marine services sector, which is essential for energy development and could lead to more job opportunities and economic growth in the region.
Summary
PT Wintermar Offshore Marine Tbk (WINS) has reported a strong financial performance for the first nine months of 2026, with operating profit surging 67.6% year-over-year to US$24.7 million on 30.0% revenue growth. The Jakarta-based offshore support vessel operator attributed the gains to margin improvement from additional high-tier vessels in operation and better charter rates. Revenue from the Owned Vessel Division grew 30.9% to US$65.8 million, with gross margin widening to 45.3% from 40.0% a year earlier. The consolidation of Fast Offshore Supply Pte. Ltd. (FOS) for the first time in Q3 2026 also contributed, offsetting a decline in chartering revenue, which fell 20.5% to US$3.2 million as the company shifted focus to owned vessels and fee-based income.
Total gross profit jumped 46.7% to US$32.1 million, while indirect expenses rose only 3.3% to US$7.4 million, leading to a significant operating margin expansion from 25.2% to 32.5%. Net attributable profit nearly doubled to US$17.7 million, or Rp70.5 per share, compared to US$9.2 million in 9M2025. EBITDA increased 49.0% to US$37.9 million. The company also highlighted its fleet expansion strategy, with newbuild deliveries and secondhand vessel purchases expected to drive future growth. As of end-September 2026, total contracts on hand stood at US$200 million, with about 75% being international contracts. The full results were announced via NEWMEDIAWIRE.
Looking ahead, Wintermar remains optimistic about the offshore support vessel market. Disruptions in the Strait of Hormuz and rising oil prices have spurred global oil and gas investment, with Westwood Research forecasting a 30% year-over-year jump in offshore field development capex in 2026. In Indonesia, the government’s 5 Strategic National Projects (PSN) worth US$48.1 billion are progressing, which should drive demand for high-tier OSVs from 2027. Globally, the OSV fleet remains tight, with utilization expected to exceed 79% in 2027 and limited newbuilding since 2015. Wintermar’s strategy of acquiring secondhand vessels and ordering newbuilds, including dynamic positioning-enabled PSVs and CTVs through FOS, positions it well to capitalize on these trends. The company’s net gearing stands at 29%, reflecting its investment in future growth.
Source Statement
This curated news summary relied on content distributed by NewMediaWire. Read the original source here, Wintermar Posts 67.6% Operating Profit Jump in 9M2026
