Genoa-based international shipping and logistics company Fratelli Cosulich Group on Thursday (31 July) recorded EUR 58.6 million (USD 68 million) in EBITDA in 2025, substantially in line with the EUR 59.7 million recorded in 2024 and remaining close to its all-time highs.
The company’s consolidated turnover reached EUR 1.877 billion, compared with EUR 2.128 billion in 2024.
“This decrease must be read considering the significant weight of Marine Energy and bunker trading activities, where turnover is naturally influenced by fuel prices, market dynamics and the euro dollar exchange rate,” the company said in its 2025 annual report.
“For this reason, the reduction in revenues does not represent a proportional decrease in the Group’s operational strength.”
The Group recorded a net profit of EUR 20 million with its marine energy business unit delivering EUR 7.1 million. The unit also achieved EUR 16.8 million in EBITDA.
In 2024, the company recorded a net profit of EUR 20.6 million with its marine energy business unit delivering EUR 5.6 million. The unit also achieved EUR 28.1 million in EBITDA.
On the performance of its bunker trading activity, also during the year just ended, as in 2024, the company said margin stabilisation was recorded, remaining at levels similar to the average of previous years.
Bunker Trading revenue, the Group’s core activity, at the end of the year stood at approximately EUR 1.382 million compared to approximately EUR 1.638 million in 2024.
“In 2025, Marine Energy exceeded expectations in a more competitive market marked by lower prices, strengthening its results through a solid commercial structure, key account relationships and a focused approach to smaller bunkering hubs,” the company said.
“Commercial development was supported by further expansion towards Asian customers, including the opening of a dedicated Japan desk, while the unit prepared the basis for a future local presence.”
The company added that the transition towards a multi-fuel offering continued to move from strategy to operations.
In Singapore, the unit completed its first B100 biofuel bunker delivery through Marta Cosulich, demonstrating its ability to provide lower-carbon alternatives using its future-ready fleet.
The Group also entered into a strategic cooperation with a “long-established shipping player” to explore opportunities in methanol, LNG and ammonia bunkering.
The company added that fleet development remained central.
“Construction progressed on the new series of methanol-ready IMO II chemical bunker tankers, while Maya Cosulich was delivered in December,” it said.
“Designed for safe and efficient alternative fuel delivery, she represents another tangible step in expanding the unit’s physical capabilities for the evolving needs of maritime customers.”
Related: Fratelli Cosulich marine energy unit records EUR 5.6 million profit in 2024
Photo credit: Fratelli Cosulich
Published: 12 August, 2026
