Wintermar Offshore Marine (WINS) Boosts 2026 Outlook on Higher Oil & Gas Project Activity

Positive Outlook for 2026 Driven by O&G Projects

PT Wintermar Offshore Marine Tbk (WINS), an Indonesian offshore marine services provider, is entering 2026 with increased optimism. The company's improved outlook is based on expectations of rising oil and gas (O&G) project activity in Indonesia during the second half of 2026. Despite facing significant global challenges throughout 2025, WINS remains positive about the opportunities in the offshore shipping industry.

Challenges in 2025

The company faced several unexpected challenges in 2025 that impacted its performance. Global uncertainties, particularly those stemming from US trade policies, affected the energy sector and led to shorter contract durations and project delays. As a result, WINS was unable to achieve its target of 75% fleet utilization for the year. Investor Relations WINS, Pek Swan Layanto, noted that while project activity existed, many were postponed to 2026 due to the uncertain global environment.

Strategic Positioning for Future Growth

Despite the current challenges, WINS is strategically positioned to benefit from the anticipated recovery in O&G project activity. The company's experience and established presence in the Indonesian offshore marine sector place it well to capitalize on upcoming opportunities. As global uncertainties begin to dissipate and project timelines are revised, WINS is poised to see improved utilization rates and potentially stronger financial performance in 2026.