Management Board: | Friedhelm Onkes Founder & CEO Oldenburg, Banker | T: +49 (0) 441 217 193 19 M +49 (0) 170 780 790 0 E info@mare-trust.de |
Supervisory Board (Chairman): | Hermann Neemann (VdAR) Oldenburg, Tax Advisor | Tax Advisor Executive Manager and shareholder of ANCHOR MARTAX Steuerberatungsges. mbH, a lea- ding tax advisory firm in the maritime sector advising more than 400 vessels and their ownership structures. |
Corporate Headquarters: | Oldenburg | Uferstraße 90 – 26135 Oldenburg, Germany |
Incorporation date: | 31 December 2007 | Commercial Register: HRB 202304 in Oldenburg, Germany |
Share capital: | 28.1 Mn./ pc. | Status: 31 December 2025 |
Shareholders’ Equity: | € 154.0 Mn | Book value: 31 December 2025 |
Shareholder Structure: | Founder & CEO: 14.94 % Supervisory Board: 8.97 % Institutional investors: 30.52 % Public float: 45.58 % | Status: 31 December 2025 |
Other Capital Measures: | Authorised to issue up to 11.9 Mn additional shares pursuant to AGM resolutions dated 16 September 2022 and 13 June 2025. | |
Business Objective: | Focus on investments in shipping companies operating vessels between 4,000–30,000 DWT, with an emphasis on attracting qualified investment volumes while including a participating interest of a contractual shipowner/ship manager. | Mare Trust operates as a holding company under German stock corporation law (AG). Investments are made exclusively in marketable vessel types and in cooperation with established and efficient German shipping companies. |
Risks: | Due to the holding structure, individual investments may be subject to total loss. In addition, investments in single ship companies may incur losses if the industry’s economic cycle turns negative. | The 10 year crisis in the shipping industry (2008–2018) was managed without loss disclosure at the AG level. Since 2018, shipping markets have recovered significantly. |
Costs: | No typical distribution cost structures on the level of one-ship companies and/or the operating holding company, Mare Trust AG. Investments are made at the targeted net cost. | |
Net Income: | 2024: € +13.1 Mn 2025: € +23.1 Mn 2026: € +24.3 Mn* 2027: € +27.3 Mn* 2028: € +30.5 Mn* | The annual financial statements as of 31 December 2025 are available in audited form. The unqualified auditor’s certificate is dated 13 February 2026. |
Shareholders’ equity: | 31 Dec 2024: € 115.6 Mn 31 Dec 2025: € 154.0 Mn 31 Dec 2026: € 182.4 Mn* 31 Dec 2027: 209.1 Mn* 31 Dec 2028: 240.2 Mn* | |
Dividends: | 31 Dec 2024: € 0.30/share 31 Dec 2025: € 0.35/share 31 Dec 2026: € 0.40/share* 31 Dec 2027: € 0.45/share* 31 Dec 2028: € 0.50/share* | |
Earnings per Share (EPS): | 2024: € 0.52 2025: € 0.83 2026: € 0.86* 2027: € 0.45* 2028: € 0.50* | 25 Mn shares currrently in circulation 28.1 Mn shares currrently in circulation 28.1 Mn shares currrently in circulation 29 Mn shares currrently in circulation* 30 Mn shares currrently in circulation* |
Earnings Targets: | 2024: KGV 13.41 | KBV 1.52 2025: KGV 9.03 | KBV 1.36 2026: KGV 9.36* | KBV 1.27* 2027: KGV 9.30* | KBV 1.22* 2028: KGV 9.18* | KBV 1.17* | |
* Forecast data | Status: 31 December 2025 | ||
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