Nasdaq CopenhagenIFRS · DKK

WRIST SHIP SUPPLY A/S

WRIST SHIP SUPPLY A/S is a Denmark-based shipping supply company serving vessels with marine provisions, stores, and related ship-service items. Its business is centered on supporting ship operators through a network that connects suppliers to vessels at port and during callouts.

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Revenue5,658m DKK
−0.7 %y/y
Operating profit (EBIT)33.6m DKK
−79.9 %y/y
EBIT margin0.6%
−2.3 ppy/y
Net income-182m DKK
−1,049.8 %y/y
Free cash flow42.3m DKK
−71.4 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,000m DKK2021: 4,458 m DKK2021: EBIT 123 m DKK20212022: 5,389 m DKK2022: EBIT 196 m DKK20222023: 5,548 m DKK2023: EBIT 179 m DKK20232024: 5,696 m DKK2024: EBIT 167 m DKK20242025: 5,658 m DKK2025: EBIT 34 m DKK20255,65834
RevenueOperating profit (EBIT)
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Business

Share of revenue
Marine provisions35 %

Food, beverage, and catering items supplied to vessels.

Ship stores and chandlery30 %

General consumables, spare items, and vessel necessities.

Deck and technical supplies20 %

Operational supplies for deck, engine, and maintenance use.

Logistics and delivery services15 %

Port-side coordination and delivery of ordered ship supplies.

Customers

The company sells to shipowners, vessel operators, and maritime managers that need reliable supply at port and on short notice. Its customers typically buy for operational continuity, crew welfare, and compliance with vessel provisioning standards. Demand is driven by vessel calls, route schedules, and the need to minimize downtime in port.

Shipowners and operators

Buy provisions and stores to keep vessels operational and supplied on schedule.

Ship managers

Outsource procurement and delivery of marine supplies across vessel fleets.

Crew welfare and catering buyers

Purchase food and household items for onboard crew support.

Port-call and agency customers

Use rapid delivery and coordination services during vessel port calls.

Strategy

The company’s strategic position depends on dependable sourcing, broad product availability, and fast fulfillment for vessel customers. Its competitive edge is built on service reliability, port coverage, and the ability to handle urgent, multi-item orders for shipping clients.

Expand service coverage across maritime hubsMedium term

More port reach increases the number of vessel calls the company can serve.

Improve fulfillment reliabilityShort term

Ship customers value on-time, complete delivery because delays can disrupt operations.

Geography

WRIST SHIP SUPPLY A/S is headquartered in Denmark and operates in the international maritime supply chain. Its business is tied to port activity and vessel traffic rather than a single consumer market, so geography matters through access to major shipping hubs and route networks.

Risks

The business is exposed to shipping-cycle volatility because demand depends on vessel traffic, port calls, and customer activity in maritime trade. It also faces execution risk from supply chain disruption, pricing pressure, and the need to deliver accurately and on time across multiple ports.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Shipping-cycle dependence1Port and logistics disruption2Supply chain and vendor availability3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Shipping-cycle dependenceImpact: HighLikelihood: Medium

    Orders are linked to vessel activity and port calls, which rise and fall with maritime trade.

    Exposure: Customer demand

  2. Port and logistics disruptionImpact: HighLikelihood: Medium

    The business must deliver time-sensitive supplies to vessels in port, making operations sensitive to delays.

    Exposure: Delivery execution

  3. Supply chain and vendor availabilityImpact: MediumLikelihood: Medium

    A broad catalog depends on dependable sourcing from suppliers and distributors.

    Exposure: Procurement

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Accounting

Judgemental items
Trade receivables

Marine supply businesses often bill after delivery, so receivable collection timing and credit risk matter.

Impact: Working capital and impairment charges

Provisions

The report references provisions, which require judgment on uncertain obligations and timing.

Impact: Expense recognition and liabilities

IFRS 16 leases

Right-of-use assets indicate leased premises and equipment that add leverage-like obligations.

Impact: Balance sheet and operating profit presentation

Contingent liabilities

The report includes contingent liabilities, which can signal unresolved claims or obligations.

Impact: Disclosure and potential future expense

Last updated: 24/10/2026