Maridive and Oil Services (MOIL) returned to profitability in the first quarter (Q1) of 2026, reporting standalone net profits after tax of $1.889 million, compared with net losses of $23.955 million in Q1 2025.

Maridive and Oil Services generated 171% year-on-year (YoY) higher consolidated net profits at $59.336 million in 2025

The standalone net losses of Maridive and Oil Services widened by 234% to $21.162 million in 2025 from $6.328 million a year earlier.

Maridive and Oil Services recorded 105.597% higher net profits attributable to the parent company at $34.534 million in the first nine months of 2025

Maridive & Oil Services Company secured a contract in the UAE, with an annual value of $8.95 million, according to a bourse disclosure issued on December 14th.

Maridive Offshore Projects, a subsidiary of Maridive & Oil Services, signed a long-term contract in Qatar to provide maintenance and production support services in the petroleum sector.

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from Maridive Group to discuss the company’s plans to expand its operations and invest in petroleum production.

Maridive and Oil Services (MOIL) intends to establish a limited liability subsidiary in the UAE

Maridive and Oil Services (MOIL) recorded $22.317 million in standalone net loss in the first half (H1) of 2025, compared to profits of $1.564 million in H1 2024, according to the financial indicators.

Maridive and Oil Services (MOIL) reported a 42.53% year-on-year decrease in consolidated net profits attributable to the parent company in the first nine months of 2024.

Maridive and Oil Services (MOIL) recorded $1.564 million in standalone net profits in the first half (H1) of 2024, compared to losses of $328,765 in H1 2023.

Maridive & Oil Services has secured a one-year contract valued at $17.8 million to provide support for oil exploration and production in Egypt.

Maridive Offshore Projects, a subsidiary of Maridive & Oil Service S.A.E., has been awarded a 16-month contract worth $14.4 million, as per a disclosure.

Maridive and Oil Services (MOIL) reported a 141.5% year-on-year increase in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2024.

Maridive and Oil Services (MOIL) reported a 152% year-on-year jump in consolidated net profits after tax in the first quarter (Q1) of 2024.

Maridive and Oil Services (MOIL) recorded standalone net profits after tax of $608,658 in the first quarter (Q1) of 2024, versus net losses of $480,912 in Q1 2023.

Maridive and Oil Services (MOIL) recorded consolidated net profits after tax of $47.696 million in 2023, compared to $106.342 million in net losses in 2022.

Maridive and Oil Services’ (MOIL) standalone net losses after tax dropped 63% year on year (YoY) in 2023 to $5.034 million, compared to $13.54 million.

Maridive and Oil Service’s 49%-owned affiliate Al-Mayez Oil and Gas Services has been awarded a three-year oil exploration contract worth €29.72 million for the Libyan Mellitah Oil and Gas Company.

The UAE-based Ocean Marine, which is 51% owned by Maridive and Oil Services, is in the process of finalizing a deal to sell a marine unit for $40 million.