Indonesia, April 30 -- Wintermar (WINS:JK) records attributable net profit growth of 194%YOY to US$4.8million for 1Q2026 on 47.8% YOY revenue growth.

Owned Vessel Division

With more High Tier vessels in operation since December 2025, 1Q2026 recorded a 53.9% YOY increase in Owned Vessel Revenue amounting to US$22.8million, resulting in Owned Vessel gross profit doubling to US$12.7million for 1Q2026 on gross margins of 55.7% compared to 41.1% in 1Q2025.

Chartering Division and Other Services

Management continued to focus on marketing Owned Vessels and grow the Other services division where margins higher, resulting in a fall in Gross profit from chartering to US$0.03million (-15%YOY) while Other Services contributed gross profit of US$0...