Marine Products Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	244.42	236.56	383.73	381	298.01
Revenue Growth (YoY)	3.32%	-38.35%	0.72%	27.84%	24.26%
Cost of Revenue	197.64	191.06	293.35	287.28	229.74
Gross Profit	46.78	45.5	90.38	93.72	68.27
Selling, General & Admin	32.75	26.85	40.3	41.72	31.34
Research & Development	-	0.76	0.76	0.44	0.78
Other Operating Expenses	-	-0.24	-0.24	-0.24	-0.24
Operating Expenses	32.75	27.38	40.81	41.92	31.88
Operating Income	14.03	18.12	49.57	51.8	36.39
Interest & Investment Income	1.74	2.88	2.86	0.34	0.02
EBT Excluding Unusual Items	15.77	21	52.43	52.13	36.41
Gain (Loss) on Sale of Assets	-	0.14	2.04	-	-
Other Unusual Items	-	-	-2.4	-	-
Pretax Income	15.77	21.14	52.06	52.13	36.41
Income Tax Expense	4.38	3.29	10.37	11.79	7.38
Net Income	11.38	17.85	41.7	40.35	29.03
Net Income to Common	11.38	17.85	41.7	40.35	29.03
Net Income Growth	-36.24%	-57.18%	3.34%	39.00%	49.28%
Shares Outstanding (Basic)	35	35	34	34	34
Shares Outstanding (Diluted)	35	35	34	34	34
Shares Change (YoY)	0.80%	0.71%	0.76%	0.59%	0.17%
EPS (Basic)	0.33	0.51	1.21	1.18	0.85
EPS (Diluted)	0.32	0.50	1.21	1.18	0.85
EPS Growth	-36.00%	-58.68%	2.54%	38.82%	49.12%
Free Cash Flow	14.92	24.93	46.67	46.85	-0.79
Free Cash Flow Per Share	0.43	0.72	1.35	1.37	-0.02
Dividend Per Share	0.560	0.560	0.560	0.520	0.480
Dividend Growth	-	-	7.69%	8.33%	41.18%
Gross Margin	19.14%	19.23%	23.55%	24.60%	22.91%
Operating Margin	5.74%	7.66%	12.92%	13.59%	12.21%
Profit Margin	4.66%	7.55%	10.87%	10.59%	9.74%
Free Cash Flow Margin	6.11%	10.54%	12.16%	12.30%	-0.27%
EBITDA	17.17	20.91	51.98	53.7	38.21
EBITDA Margin	7.02%	8.84%	13.55%	14.09%	12.82%
D&A For EBITDA	3.14	2.79	2.42	1.91	1.82
EBIT	14.03	18.12	49.57	51.8	36.39
EBIT Margin	5.74%	7.66%	12.92%	13.59%	12.21%
Effective Tax Rate	27.80%	15.56%	19.91%	22.61%	20.28%
Advertising Expenses	-	2.4	2.3	2.1	1.6

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q