In the first quarter of 2025, MPC Capital increased its revenue by almost a quarter to € 11.8 million.
Despite the current uncertain market environment, the Hamburg-based investment and asset manager considers itself to be in “resilient shape”. According to the company, it will be able to achieve its annual targets for 2025.
“We are very satisfied with the results of the first quarter,” said CEO Constantin Baack. “They show that MPC Capital is ideally positioned to master the global economic and geopolitical challenges. In addition, we can play to our strengths in volatile market phases and take advantage of opportunities to acquire and sell assets. By expanding our service area in the maritime segment and the co-investment portfolio, we have also created a solid basis that offers a high degree of stability through growing, recurring management fees and sustainable investment income. Operating costs were covered by management fees in the first quarter, which underlines MPC Capital’s positive development and resilient business model.”
MPC Capital expands range of services
MPC Capital’s revenue amounted to € 11.8 million in the first quarter of 2025, which corresponds to an increase of 23% compared to the same period of the previous year (€ 9.6 million). The expansion of the maritime service business made a significant contribution to this growth. As a result, recurring management fees rose by 18% to € 9.2 million. With the integration of the ship manager Zeaborn last year and the acquisition of the performance manager BestShip in the first quarter of 2025, MPC Capital has once again “significantly” expanded its range of services and asset base.
In the first quarter of 2025, the company also recorded strong transaction business, which even increased once again compared to the previous year. The successful raising of equity for the first offshore service vessels, as well as further acquisitions and disposals in connection with the rejuvenation and decarbonization of the managed fleet, led to an increase in transaction fees to € 2.4 million (Q1 2024: € 1.8 million).
The financial result amounted to € 5.3 million in the first quarter of 2025 (Q1 2024: € 6.8 million). The previous year was characterized by high investment income in connection with the delivery and sale of container ship newbuilds. The income generated from the existing co-investment portfolio in the first quarter of 2025 developed positively compared to the previous year.
At € 7.1 million, earnings before taxes (EBT) after the first three months of 2025 were slightly higher than the previous year’s strong figure of € 7.0 million. Earnings per share amounted to € 0.18 in Q1 2025, compared to € 0.15 in the previous year. At € 33.2 million, cash and cash equivalents as at March 31, 2025 were on a par with the balance sheet date of December 31, 2024. The equity ratio increased slightly to 82%, up from 81% at the end of December.
In view of this first quarter, the Management Board of MPC Capital sees its forecast for the full year 2025 confirmed. Accordingly, consolidated revenue is expected to be between € 43 million and € 47 million; earnings before taxes between € 25 million and € 30 million.
