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Ocean Wilsons Holdings Ltd on Thursday announced healthy annual profit and revenue growth. The Bermuda-based investment holding company said pretax profit jumped 49% to $162.6 million in 2024 from $109.0 million in 2023. Net revenue climbed 11% to $541.8 million in 2024 from $486.6 million in 2023. Ocean Wilsons said the investment portfolio had a gross return of 6.5%, outperforming the performance benchmark, the US CPI Urban Consumers NSA + 3% per year, which had a return of 5.9%. Looking ahead, Chair Caroline Foulger said: ‘The board remains confident in the strength of Ocean Wilsons’ investment approach and is fully committed to executing initiatives that support sustainable performance and shareholder value creation. We appreciate the continued support of our investors and look forward to the opportunities that lie ahead as we enter this new phase for the company.’ Further to its announcement in October, Ocean Wilsons anticipates the disposal of its 56% stake in Wilson Sons SA to complete in either Q2 or Q3. The sale to a subsidiary of MSC Mediterranean Shipping Co SA remains subject to ongoing regulatory proceedings. Wilson Sons operates a port and maritime logistics company in Brazil. It is one of two Ocean Wilsons subsidiaries, the other being Ocean Wilsons Investments Ltd, which manages the company’s investment portfolio. The firm upped its total dividend by 21% to 85 US cents per share for 2024, from 70 cents the year before. It proposed a dividend of 122 cents per share for 2025, up 44% from 2024. Ocean Wilsons shares rose 5.6% to 1,420.00 pence each late on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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