Mermaid Maritime Overview

  • Year Founded
  • 1983

Year Founded

  • Status
  • Public

  • Employees
  • 376

Employees

  • Stock Symbol
  • DU4

Stock Symbol

  • Investments
  • 7

  • Share Price
  • $0.09
  • (As of Monday Closing)

Mermaid Maritime General Information

Description

Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.

Contact Information

Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Corporate Office
  • 26/28-29, Orakarn Building 9th Floor
  • Soi Chidlom Ploenchit Road, Lumpinee, Pathumwan
  • Bangkok, 10330
  • Thailand
+66 02
Primary Industry
Other Energy Services
Stock Exchange
SES
Vertical(s)
Corporate Office
  • 26/28-29, Orakarn Building 9th Floor
  • Soi Chidlom Ploenchit Road, Lumpinee, Pathumwan
  • Bangkok, 10330
  • Thailand
+66 02

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Mermaid Maritime Stock Performance

As of 16-Jun-2025, Mermaid Maritime’s stock price is $0.09. Its current market cap is $129M with 1.41B shares.

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.09 $0.09 $0.07 - $0.17 $129M 1.41B 2.75M

Mermaid Maritime Financials Summary

As of 31-Mar-2025, Mermaid Maritime has a trailing 12-month revenue of $543M.

In Thousands,
USD
TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 207,136 222,288 168,711 137,822
Revenue 542,533 513,342 275,402 223,935
EBITDA 46,790 55,408 41,693 23,840
Net Income 5,715 13,776 9,593 (195)
Total Assets 429,377 415,712 356,579 291,491
Total Debt 115,455 115,025 102,824 71,296
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Mermaid Maritime Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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Mermaid Maritime Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Majestic Referring Domains

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Mermaid Maritime Investments & Acquisitions (7)

Mermaid Maritime’s most recent deal was a Joint Venture with Tan Cang Mermaid Subsea Services. The deal was made on 01-Mar-2024.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Tan Cang Mermaid Subsea Services 01-Mar-2024 Joint Venture Logistics
KK Venture 20-Jul-2021 Joint Venture Other Commercial Services
Mermaid-MOE JV 18-Sep-2020 Joint Venture Other Commercial Services
ZeaQuest 17-Sep-2020 Joint Venture Marine
PTGC Company 20-Dec-2017 Secondary Transaction - Private Buildings and Property
You’re viewing 5 of 7 investments and acquisitions. Get the full list »

Mermaid Maritime ESG

Risk Overview

Risk Rating

Updated October, 01, 2023

24.22 | Med Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 15,109

Rank

Percentile

Transportation

Industry

of 381

Rank

Percentile

Air Freight and Logistics

Subindustry

of 93

Rank

Percentile

To view Mermaid Maritime’s complete esg history, request access »

Mermaid Maritime FAQs

  • When was Mermaid Maritime founded?

    Mermaid Maritime was founded in 1983.

  • Where is Mermaid Maritime headquartered?

    Mermaid Maritime is headquartered in Bangkok, Thailand.

  • What is the size of Mermaid Maritime?

    Mermaid Maritime has 376 total employees.

  • What industry is Mermaid Maritime in?

    Mermaid Maritime’s primary industry is Other Energy Services.

  • Is Mermaid Maritime a private or public company?

    Mermaid Maritime is a Public company.

  • What is Mermaid Maritime’s stock symbol?

    The ticker symbol for Mermaid Maritime is DU4.

  • What is the current stock price of Mermaid Maritime?

    As of 16-Jun-2025 the stock price of Mermaid Maritime is $0.09.

  • What is the current market cap of Mermaid Maritime?

    The current market capitalization of Mermaid Maritime is $129M.

  • What is Mermaid Maritime’s current revenue?

    The trailing twelve month revenue for Mermaid Maritime is $543M.

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