Endeavour reported total revenue of USD 4bn (2024: USD 4.5bn), a net result of USD 35m (2024: USD 52m) and a strengthened consolidated equity position of USD 520m (2024: USD 471m), marking another year of stable performance.
“We are grateful for another year of progress for Endeavour, reaffirming our diversified business model and that we are steadily evolving together with the right colleagues both on land and at sea,” Founder & CEO, Anders Østergaard said.
Monjasa maintains stable performance
Main operating entity, Monjasa Holding, concluded 2025 on par with last year’s total volume of 6.8m metric tonnes of marine fuels supplied to shipowners and operators worldwide.
Reviewing 2025, the oil and shipping industry faced an overall muted global marine fuels demand. The Group’s diversified business model ensured stability as trading activities remained dynamic while supply operations faced softer demand.
Monjasa concluded the year with a fleet of a total 28 vessels (2024: 33 vessels).
CBED strengthens offshore wind logistics
In offshore logistics, 2025 marked the first full year operating CBED’s expanded fleet of three Commissioning Service Operation Vessels (SOVs). Throughout the year, all vessels experienced a very high utilisation ratio, which confirms a strong market demand and the strategic timing of the fleet expansion.
Multiple Holding investments
Culture and sports remain at the centre of investments at Multiple Holding and 2025 brought positive developments and new milestones:
- AHA Creations is dedicated to developing and producing ambitious musicals and in 2025 the company unveiled AQUA the Musical, premiering at the Royal Danish Opera in Copenhagen in 2028.
- Danish football club, FC Fredericia, secured a historic promotion to the Danish Super League, supported by Endeavour’s increased ownership stake of 60.5% (2024: 41%) and investments in improved organisation and required stadium upgrades at Monjasa Park.
Thank you to our partners
We are thankful to keep connecting with new partners around the world and at the same time, we would like to extend our sincere appreciation to our existing partners, customers and industry peers for the continued collaboration and support.
Looking ahead, Endeavour expects the financial year 2026 to conclude positively and significantly above 2025 levels.
