MPC Capital continues profitable growth path in Q1 2025
Investment and asset manager MPC Capital AG presented its figures for the first quarter of 2025. Revenue increased by almost a quarter. The revenue growth – in combination with an optimized cost base and stable co-investment income – led to a result that exceeded the strong earnings level of Q1 2024. For the 2025 financial year, the Management Board is convinced that the company is in a resilient position to achieve its targets despite a challenging market environment.
- Revenue up 23% year-on-year in Q1 2025, driven by increased management and transaction fees
- Sustainable income from co-investments
- EBT of EUR 7.1 million slightly above strong level of previous year (Q1 2024: EUR 7.0 million)
- Full-year 2025 guidance confirmed
“We are very satisfied with the results of the first quarter. They underscore MPC Capital’s strong positioning to navigate global economic and geopolitical challenges. In addition, we can play to our strengths in volatile market phases and take advantage of opportunities to sell and purchase assets,” said Constantin Baack, CEO of MPC Capital AG. “By expanding our service business in the maritime segment and the co-investment portfolio, we have built a solid foundation that offers a high level of stability through growing, recurring management fees and sustainable investment income. Operating costs were fully covered by management fees in the first quarter, underlining our positive trajectory and resilient business model.”
Growth in the maritime service business and strong transaction activity
MPC Capital generated total revenue of EUR 11.8 million in Q1 2025 (Q1 2024: EUR 9.6 million). The expansion of the maritime service business made a significant contribution to growth, leading to an increase in recurring management fees of around 18% to EUR 9.2 million. With the integration of the ship manager Zeaborn last year and the acquisition of the performance manager Bestship in Q1 2025, MPC Capital significantly broadened its service offering and asset base.
In addition, MPC Capital recorded strong transaction activity in Q1 2025, achieving year-on-year growth despite challenging market conditions. The successful capital raise for the first offshore service vessels, along with further acquisitions and disposals in connection with the renewal and decarbonization of the managed fleet, resulted in an increase in transaction fees to EUR 2.4 million (Q1 2024: EUR 1.8 million).
Stable income from co-investments – profitability remains high
The financial result amounted to EUR 5.3 million in Q1 2025 (Q1 2024: EUR 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 Q1 2025 developed positively compared to the previous year.
Earnings before taxes (EBT) came in at EUR 7.1 million, slightly above the already strong prior-year figure of EUR 7.0 million. Earnings per share (EPS) reached EUR 0.18 (Q1 2024: EUR 0.15).
As of 31 March 2025, cash and cash equivalents were at EUR 33.2 million (31 December 2024: EUR 33.1 million). The equity ratio increased slightly to 82% as of 31 March 2025 (31 December 2024: 81%).
Guidance 2025 confirmed
The Management Board confirms its guidance for the full year 2025 issued in February 2025:
- Consolidated revenue between EUR 43.0 million and EUR 47.0 million
- Consolidated earnings before taxes (EBT) between EUR 25.0 million and EUR 30.0 million
Despite geopolitical and macroeconomic challenges, MPC Capital remains confident in its profitable growth outlook for 2025. With a solid balance sheet and a clear strategy, MPC Capital continues to focus on expanding its service business, entering the offshore service market, and capitalizing on opportunities in the energy and maritime sectors.
