Monjasa records solid financial performance in 2025
The Monjasa Holding A/S Annual Report 2025 shows a positive net result of USD 39m and an all-time high consolidated Group equity of USD 472m.
In another year characterised by geopolitics shaping global shipping, Monjasa’s marine fuels activities delivered a total volume of 6.8m tonnes – on par with the Group’s largest reported volume in 2024.
Across its core business activities, trading and supply operations continued to serve global customers reliably. While the Group’s trading activities proved very dynamic, supply operations were more directly exposed to the muted global demand and a less favourable tanker market. A balanced fleet of owned and chartered vessels made it possible to respond quickly to changing market dynamics and Monjasa concluded the year with a total fleet size of 28 vessels (2024: 33) deployed worldwide.
Monjasa Group CEO, Anders Østergaard:
“We are satisfied with our financial performance in a year where global trade grew modestly and where momentum weakened as the year progressed. For Monjasa, this meant an overall muted global marine fuels demand. In such a year, we are pleased to keep evolving our global team of colleagues on land and at sea, strengthen our balance sheet and position ourselves well for future opportunities.”
A truly global maritime partner
Monjasa’s core strength lies in serving shipowners and operators globally through one commercial entrance and a single global brand – Illustrated by 16,741 successful supply operations carried out across 877 ports in 2025.
To further support this ambition, Monjasa opened its 15th international office in Japan, expanding the Group’s presence in Asia and supporting closer integration of Monjasa’s global maritime services.
During the year, Monjasa also made a strategic decision to fully integrate crew management into the Group’s core business. By taking full responsibility for the recruitment and education of seafarers through its technical ship management company, Montec, the Group strengthened the link between shipowning and long-term operational reliability.
Increasing consolidated Group equity
Monjasa reported total revenue of USD 4bn in 2025 (2024: USD 4.5bn). The year resulted in a net profit of USD 39m (2024: USD 65m) and led to a further strengthening of the Group’s balance sheet, with consolidated equity increasing to an all-time high USD 472m (2024: USD 444m).
These results lifted Monjasa’s equity ratio to 64.7% (2024: 55.6%), underlining the Group’s financial resilience and long-term stability.
Future outlook
Following the eruption of the Middle East crisis in late February 2026, Monjasa experiences the disrupted global trade flows, strong tanker markets and imbalanced supply and demand first-hand. These factors contribute to a highly dynamic marine fuels market compared to 2025 levels.
Overall, Monjasa expects 2026 to be another positive financial year, with a projected net result in the range of USD 120-150m.
Annual Report 2025 – at a glance
• Total revenue: USD 4bn (2024: USD 4.5bn)
• Net profit: USD 39m (2024: USD 65m)
• Consolidated equity: USD 472m (2024: USD 444m)
• Equity ratio: 64.7% (2024: 55.6%)
• Total supply operations: 16,741 (2024: 15,870)
• Total number of employees: 745 (2024: 678)
Download the full report and get an overview of facts and figures here.
