SINGAPORE, Dec 12, 2025 — Marco Polo Marine Ltd (SGX:5LY) shares were among the most actively traded counters on Friday, with the stock changing hands around S$0.159 in afternoon trade, up about 3.25% on the day amid heavy volume. [1]
The renewed spotlight on Marco Polo Marine stock comes as investors digest a string of major corporate developments over recent weeks: a blockbuster S$198 million shipbuilding contract in Taiwan, a headline-grabbing jump in FY2025 profit (with important caveats about one-off gains), and a steady drumbeat of broker notes updating targets and outlook assumptions. [2]
Below is a comprehensive roundup of the current news, forecasts and analyses shaping the Marco Polo Marine share price narrative as of 12.12.2025.
Marco Polo Marine share price today: what the market is doing on Dec 12, 2025
By mid-afternoon in Singapore, Marco Polo Marine was trading around S$0.159, with the session marked by a wide intraday range and outsized turnover relative to many SGX counters. [3]
This burst of trading activity is happening against the backdrop of:
- heightened attention after the company’s FY2025 results and profit commentary;
- a high-profile Taiwan research vessel contract win;
- and shifting sell-side views, including a recent target price increase flagged in market summaries. [4]
The freshest corporate news: ESOS share issuance (Dec 10)
One of the most recent SGX-related filings was a small equity issuance under the company’s employee share option scheme.
Marco Polo Marine disclosed that 615,000 new ordinary shares were issued at an exercise price of S$0.067 each, lifting issued shares (ex treasury) from 3,755,716,080 to 3,756,331,080, with listing and quotation stated for 11 December 2025. [5]
This is not a transformational dilution event by size, but it is the kind of “latest tape” detail that active traders and event-driven investors often watch closely—especially when a stock has been moving sharply.
FY2025 results: headline profit surged, but the “quality of earnings” matters
The big headline numbers
Marco Polo Marine’s FY2025 media release highlighted a dramatic year-on-year jump in reported profitability:
- Net profit attributable to equity holders:S$58.5 million (up 169.7% y-o-y)
- Revenue:S$122.8 million (slightly lower y-o-y)
- Gross profit:S$54.2 million (up 11.8% y-o-y), with gross margin rising to 44.1%
- EBITDA:S$50.1 million (up 17.3% y-o-y)
- Cash and cash equivalents:S$52.2 million
- Dividend payout: stated to increase by 50% to 0.15 cents per share [6]
The crucial nuance: adjusted profit was lower
The same FY2025 release also reported adjusted net profit attributable to equity holders of S$25.2 million, down 4.2% year-on-year (i.e., lower than the previous year once exclusions are applied). [7]
The implication: the eye-catching FY2025 headline profit reflects not only operating performance, but also the impact of extraordinary items—a theme echoed in coverage that described impairment reversals among the contributors to the year’s results. [8]
Why this matters for the stock
For investors, the distinction between reported and adjusted profit often drives disagreements about “fair value,” because:
- Reported earnings influence headline ratios and momentum narratives.
- Adjusted earnings tend to anchor broker models, especially if certain gains are non-recurring.
That tension is visible in the range of target prices and in third-party analysis that highlights a relatively modest valuation multiple—but also weaker forward earnings expectations in some models (more on that below). [9]
The S$198 million Taiwan contract: a major shipyard catalyst investors are pricing in
On Nov 13, 2025, Marco Polo Marine announced it had secured a contract from Taiwan’s National Academy of Marine Research (NAMR) to design and construct a 4,000 gross tonne oceanographic research vessel, with contract value stated as NT$4.678 billion (approximately S$198 million)—described as the shipyard division’s largest contract win. [10]
Key project details disclosed include:
- build duration of 1,460 days (about four years) at the group’s Batam, Indonesia shipyard, supported from Singapore; [11]
- design by Norwegian firm Skipteknisk AS, with dual class standards referenced (CR and ABS); [12]
- vessel features including DP2, diesel-electric propulsion, and sustainability-related systems such as battery energy storage and waste heat recovery; [13]
- financing approach: the project was stated to be fully self-financed via internal cashflows, with no project-specific debt required. [14]
Why it matters for Marco Polo Marine stock: this contract bolsters revenue visibility for the shipyard segment, positions the group deeper into high-value specialised vessel construction, and strengthens the “multi-engine growth” narrative that brokers often like: ship chartering cashflows + shipyard projects + offshore wind optionality. [15]
Offshore wind and fleet expansion: the “second engine” behind the re-rating story
Marco Polo Marine’s recent communications and coverage consistently circle two strategic growth themes:
- Ship chartering demand and fleet growth, tied to offshore oil & gas activity in Southeast Asia and offshore wind work in North Asia.
- A larger role in offshore wind, particularly through CSOVs (Commissioning Service Operation Vessels) and a Taiwan-linked operating footprint.
Charter order book and long-term visibility
The FY2025 release stated the ship chartering outlook was supported by an order book of approximately S$100 million (as of 30 June 2025) providing revenue visibility over the next three years. [16]
Two new AHTS vessels (US$34 million), delivery expected in 2026
The company also announced a fleet expansion with two newbuild Anchor Handling Tug Supply (AHTS) vessels with a combined value of about US$34 million, expected to join the fleet in 2026 and expand offshore fleet count from 19 to 21 vessels. [17]
Notably, the release positioned these vessels for oil & gas support in Southeast Asia, while also being deployable to Northeast Asia for offshore wind opportunities as they arise—an example of “dual-market” flexibility the company has been emphasizing. [18]
MP Wind Archer: the offshore wind platform already in operation
Earlier in 2025, Marco Polo Marine issued an update stating its newly launched CSOV, MP Wind Archer, commenced operations and began generating revenue from mid-April 2025, including a maiden charter to Siemens Gamesa Renewable Energy for offshore wind commissioning works at Taiwan’s Hailong Wind Farm. [19]
PKR Offshore’s Taiwan listing plan: a medium-term “funding lever” investors are watching
One of the more strategically significant items this year was the announcement that PKR Offshore (PKRO)—a Taiwan-based offshore wind support specialist in which Marco Polo Marine has a 49% indirect stake—is targeting a listing in Taiwan, with plans stated to submit a listing application by Q3 2026. [20]
The stated rationale: unlock capital to expand PKRO’s specialised offshore wind vessel fleet, including CSOVs. [21]
Two things make this notable for Marco Polo Marine Ltd stock watchers:
- it potentially funds growth without relying solely on the SGX-listed parent’s balance sheet; and
- it aligns the offshore wind expansion story directly with Taiwan’s capital markets, where PKRO is already operationally embedded. [22]
Analyst targets, forecasts and ratings: what consensus is saying now
Consensus target price snapshot
Market consensus trackers currently show a BUY/Strong Buy skew for Marco Polo Marine, with 4 analysts reflected in some summaries and targets clustering around the mid-teens (Singapore cents). [23]
One widely referenced consensus summary lists:
- Average target price:S$0.1645
- High:S$0.20
- Low:S$0.13 [24]
The latest notable target move: CGS International to S$0.20
A recent ratings update circulating through market summaries indicates CGS International adjusted its price target to S$0.20 from S$0.14, maintaining an Add stance (as reported in an MT Newswires distribution). [25]
Broker commentary in local business coverage
In Business Times coverage following results, RHB was cited as raising its target price (and maintaining a buy call) as the market reacted to earnings news and outlook framing. [26]
A “split-screen” forecast: low P/E vs softer earnings growth
Independent analysis has also highlighted the valuation-versus-growth tradeoff.
Simply Wall St noted that the stock’s price move and relatively low earnings multiple could be read as the market discounting weaker growth, citing expectations that earnings may decline over coming years even as the share price has surged strongly. [27]
For investors, this is the crux question: Is FY2025 the start of a structurally higher earnings base, or a peak year flattered by non-recurring gains? The answer influences whether a mid-teens share price looks “cheap,” “fair,” or “ahead of itself.”
What investors should watch next: near-term catalysts into 2026
The next phase for Marco Polo Marine’s share price will likely hinge less on backward-looking FY2025 headlines and more on execution and milestones:
- Conversion of the shipyard pipeline into recognised revenue, especially on the Taiwan NAMR project (timelines are multi-year). [28]
- Chartering momentum and utilisation, including how the offshore fleet performs across oil & gas and offshore wind cycles. [29]
- Fleet expansion delivery risk and returns as the two AHTS vessels approach their expected 2026 entry into service. [30]
- PKRO listing progress: whether the Taiwan listing plan advances on schedule and under favorable market conditions. [31]
- Earnings quality and repeatability, especially how future results look after stripping out any unusually large one-off items. [32]
Bottom line: why Marco Polo Marine stock is on traders’ radars right now
As of Dec 12, 2025, Marco Polo Marine (SGX:5LY) sits at the intersection of three narratives that can supercharge (or stress-test) a small-cap stock:
- A strong reported profit year, with material non-core/extraordinary effects that analysts will continue to normalise. [33]
- A legitimate shipyard scale-up moment, highlighted by a major Taiwan contract win with a multi-year horizon. [34]
- A strategically credible offshore wind platform, anchored by assets in operation (Wind Archer) and a Taiwan-based subsidiary with potential capital-market optionality (PKRO listing plan). [35]
That combination helps explain why the stock is drawing both heavy volume and a steady stream of target-price revisions—even as forecasts differ on whether earnings can compound from here or cool after an exceptional FY2025.
References
1. sginvestors.io, 2. links.sgx.com, 3. sginvestors.io, 4. links.sgx.com, 5. repository.shareinvestor.com, 6. links.sgx.com, 7. links.sgx.com, 8. www.businesstimes.com.sg, 9. simplywall.st, 10. links.sgx.com, 11. links.sgx.com, 12. links.sgx.com, 13. links.sgx.com, 14. links.sgx.com, 15. links.sgx.com, 16. links.sgx.com, 17. links.sgx.com, 18. links.sgx.com, 19. links.sgx.com, 20. links.sgx.com, 21. links.sgx.com, 22. www.businesstimes.com.sg, 23. www.marketscreener.com, 24. www.marketscreener.com, 25. news.futunn.com, 26. www.businesstimes.com.sg, 27. simplywall.st, 28. links.sgx.com, 29. links.sgx.com, 30. links.sgx.com, 31. links.sgx.com, 32. links.sgx.com, 33. links.sgx.com, 34. links.sgx.com, 35. links.sgx.com
