Maridive Oil Services S.A.E Company has reported a consolidated net profit of $10.89 million during the first half of 2025 (H1 2025), up from $5.14 million during the same period in 2024, according to its statement to the Egyptian Stock Exchange (EGX).

Previously, it posted a standalone net losses of $22.3 million during H1 2025, compared to net profits of $1.56 million during H1 2024.

Maridive is Egypt’s largest provider of offshore marine and oil support services and ranks as the leading company in the region by fleet size. Founded in 1978 in Port Said as a Free Zone Joint Stock Company, Maridive has steadily grown its operations through its key subsidiaries; Maridive Offshore Projects, Maritide, and Ocean Marine.