Fratelli Cosulich Group emerged from a turbulent 2025 with profitability largely intact, while continuing to put capital into ships designed for a changing marine fuels market. At the center of that strategy
Fratelli Cosulich Group emerged from a turbulent 2025 with profitability largely intact, while continuing to put capital into ships designed for a changing marine fuels market. At the center of that strategy is Maya Cosulich, the first of a new generation of bunker tankers that the Italian group sees as both an investment in fleet renewal and a practical response to shipping’s energy transition.
For Fratelli Cosulich Group, 2025 was less a year of rapid expansion than one of consolidation, fleet repositioning and preparing assets for what comes next.
Against a backdrop of geopolitical tension, shifting trade routes, volatile energy markets and uncertain investment conditions, the Genoa-headquartered group generated €58.6 million in EBITDA, compared with €59.7 million in 2024. Group net profit was €20.0 million, while consolidated net equity reached €256.2 million.
Turnover fell to approximately €1.9 billion from €2.14 billion in 2024, but the headline decline tells only part of the story. Marine Energy and bunker trading account for a significant share of Fratelli Cosulich's revenue, making turnover particularly sensitive to fuel prices, market movements and the euro/dollar exchange rate. Despite that revenue decline, EBITDA remained near the Group's historical highs.
CFO Stefano Abate distilled the year into a
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