On January 30, 2024, PT Wintermar Offshore Marine Tbk (WINS) entered a strategic venture through a 49% stake in SAVWIN Sdn Bhd with a Brunei-based partner.
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PT Wintermar Offshore Marine Tbk (WINS:JK) has announced results for 1H2023. Wintermar's Gross Profit from Owned Vessels jumps to US$3.1 million for 1H2023 from US$0.2 million in 1H2022 on the back of 32.6%YOY increase in Owned Vessels revenue to US$ 19.2 million.
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PT Wintermar Offshore Marine Tbk (WINS:JK) invested US$3.15 million out of capex plan of US$18 million in 2023, expects higher demand for OSVs driven by a jump in approved deepwater oil and gas investments and tight OSV supply.
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PT Wintermar Offshore Marine Tbk (WINS:JK) has announced results for 1Q2023. Operating Profit rebound to US$1.6 million from a loss of US$1.4 million in 1Q2022 after strong increase in Revenues. Stronger charter rates contributed to the 51%YOY increase in total revenue to US$15.9 million and gross profit of US$3.0 million for 1Q2023.
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PT Wintermar Offshore Marine Tbk (WINS:JK) has been recognized with a Silver award in the Small & Medium Sized Enterprises (SME) category at the prestigious 8th Asia Sustainability Reporting Awards (ASRA). This recognition is a testament to the commitment of the Wintermar Group towards sustainability and its efforts to address material sustainability issues.
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PT Wintermar Offshore Marine Tbk (WINS:JK) recorded FY2022 gross profit of US$11.2 million, an 88% YOY growth, on the back of rising utilization and charter rates, and a 510%YOY jump in net profit to US$1.1 million. Higher utilization and rising charter rates contributed to a strong operational performance in FY2022 with EBITDA up 28% to US$17.5 million on total revenue of US$61 million (+44%YOY).
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On 5th December 2022, Wintermar Group (WINS) fully repaid the US$45 million loan facility by IFC signed in December 2011. The IFC loan enabled Wintermar to transform the fleet into higher valued vessels through the purchase of 8 OSVs. Although the loan maturity had been extended to 2025, through better cash management the Company has been able to fully repay the loan early on December 2022.
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Fast Offshore Supply Pte Ltd , Asia's largest offshore crew boat operator, has signed an MOU to jointly develop an Energy Storage System (ESS) with Terasaki Electric Co., Shift Clean Solutions Ltd. and RINA for the FOS Fleet as part of FOS "Green Initiative and Sustainability Program" to cut vessel carbon emission.
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PT Wintermar Offshore Marine Tbk (WINS:JK), has acquired 2 units of 7000BHP Anchor Handling Tug Supply (AHTS), to be named SMS Sonnet and SMS Stanza. The two AHTS will be delivered by December 2022, are ABS classed and have DP1 and FiFi1 capability, and expected to be utilized from 1Q2023.
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Wintermar Offshore Marine (WINS:JK) has announced results for 9M2022. Total revenue for 9M2022 jumps by 38%YOY to US$41.6 million, while gross profit grew 29%YOY to US$5.3 million. Improvement in Owned Vessel revenues and strong contribution from our Chartering Division produced a stronger performance in 3Q2022.
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Wintermar Offshore Marine (WINS:JK) has announced results for 1H2022. Total revenue was up 25%YOY to US$25 million, helped by higher chartered vessels revenue. Revenues rebounded in 2Q2022 by 39%QOQ as several vessels commenced operations after delays in 1Q2022. All Divisions turned in positive gross profit for the 2nd quarter reflecting higher demand for OSVs.
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Wintermar Offshore Marine (WINS:JK) has invested US$12 million to acquire 3 Platform Supply Vessels and 3 Anchor Handling Tug Supply Vessels since November 2021, to gear up for new drilling cycle.
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Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2022. Total revenue was up 3% YOY for 1Q2022 to US$10.5 million, with stronger chartering revenues compensating for a drop in Owned Vessel revenue from COVID-19 delays.
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Wintermar Offshore Marine (WINS:JK) has announced results for 9M2021, with a net profit of US$0.49 million showing a turnaround from a loss of US$7.44 mil in 9M2020.
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In the Public Expose on 25th August 2021, PT Wintermar Offshore Marine Tbk (WINS:JK) Managing Director Sugiman Layanto affirmed the positive outlook for the Company, as higher oil prices have initiated a new investment cycle for Offshore oilfield development.
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PT Wintermar Offshore Marine Tbk (WINS:JK) held its Annual General Meeting of Shareholders ("AGM") on 19th August 2021, attended by a quorum of more than 84% of shareholders.
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Wintermar Offshore Marine (WINS:JK) has announced results for 1H2021, achieving a gross profit of US$3.3 million for 1H2021, compared to gross loss of US$0.66 million for the same period last year, with fleet utilization recovering to 63%.
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Wintermar group has been awarded a 5 year contract to provide 2 Offshore Support Vessels for a multinational oil and gas company in Indonesia.
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Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2021. Wintermar is back in the black with net profit before tax of US$0.2 million, after three quarters of net losses.
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Wintermar Offshore Marine (WINS:JK) reported results for the 2020 financial year. Wintermar achieves gross profit of US$1.1 million for FY2020, turning around from a gross loss of US$1.27 mil in FY2019, as utilization picks up to 66% in Q42020.
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Wintermar is pleased to commemorate the 10th anniversary of its status as a public company listed on the Indonesian Stock exchange.
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Wintermar Offshore Marine (WINS:JK) has announced results for 9M2020. Wintermar's Owned Vessel revenue for 9M2020 was 17% lower YOY at US$24.6 million and there was a slight improvement on a quarterly basis in 3Q2020 compared to 2Q2020.
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On 8 October 2020, PT Wintermar Offshore Marine Tbk (WINS:JK) received the certification of compliance with the new and improved ISO 45001:2018 certification for Occupational Health and Safety Management System.
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On 25 August 2020, PT Wintermar Offshore Marine Tbk (WINS:JK) held a Virtual Public Expose as a participant in the Indonesian Stock Exchange Public Expose LIVE 2020 event.
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The COVID-19 pandemic and plunging oil prices cause contract postponement and cancellation, resulting in 17% YOY fall in Wintermar's 1H2020 revenue compared to 1H2019, with a gross loss of US$658,855 for the first half of 2020.
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During AGM and Public Expose of PT Wintermar Offshore Marine Tbk, Managing Director Sugiman Layanto explained that the double impact of COVID-19 and fall in oil prices has delayed the Company's recovery this year.
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Wintermar Offshore Marine (WINS:JK) has successfully concluded an agreement with IFC and DEG to reschedule US$29 million of debt, deferring US$15.6 million in principal installments for 2020 and 2021.
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Wintermar Offshore Marine (WINS:JK) returns to profitability in 1Q2020 as owned vessel revenue recovered by 18% YOY to US$9.9 million, recording Gross Profit of US$1.28 million compared with a gross loss of US$0.73 million in 1Q2019.
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