Gulf Navigation Holding (GULFNAV) reported a preliminary net profit of AED 14.8 million for the full year 2025, a decrease from AED 33.3 million in 2024.
Gross revenue increased to AED 308.6 million from AED 280.9 million, while total assets grew significantly to AED 3.23 billion following the acquisition of BPGIC on November 27, 2025.
The decline in net profit was attributed to non-recurring, one-off merger costs for legal and advisory services related to the company's strategic expansion.
Management highlighted that cash flows are being allocated to the Phase III expansion project, which will add 1.1 million cbm of storage capacity to the company's infrastructure platform.
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