Philippine towage operator Harbor Star Shipping Services has published its financial results for the three months ended June 30, 2026.
Harbor Star posted gross revenue of PHP764.94 million (US$12.37 million) in Q2 2026, an increase from PHP632.79 million (US$10.23 million) in the same period last year.
The company reported Q2 2026 operating income of PHP45.98 million (US$740,000) compared to a loss of PHP11.48 million (US$190,000) in Q2 2025. Net income during the period peaked at PHP42.56 million (US$690,000) compared to a loss of PHP18.04 million (US$290,000).
Operating income for the six months ended June 30, 2026, totalled PHP92.24 million (US$1.49 million) compared to PHP25.21 million (US$410,000) reported in H1 2025.
Net income in H1 2026 meanwhile reached PHP82.74 million (US$1.34 million), an increase from PHP17.42 million (US$280,000) in the same period last year.
H1 2026 revenues reached PHP1.38 billion (US$22 million), an increase from PHP1.29 billion (US$21 million) in H1 2025. The company's total assets stood at PHP7.06 billion (US$110 million) in H1 2026, a slight decrease from PHP7.24 billion (US$120 million) in the same period last year.
