Motis Ireland's Solid Performance in Tough Market

0:00From across Europe, powered by AI, this is Europe News Today. I'm Corey with the story. Modus Ireland, the new rebase shipping giant running 500 freight ferry routes for over 3,000 European customers, just dropped it. Numbers for the 12 months ending June 2025. Turnover slipped 2% to 57.9 million pounds from last year's 58.9 million and aftertax profit edge down. To 1.59 million pounds from 1.61 million, net current liabilities doubled to 5.2 million pounds from 2.8 million a year earlier, while staff held steady at 59, and wages climbed just 19,000 pounds to over 4.3 million. Directors call the results solid in a cutthroat market, with the top earner pulling 4002,833 pounds, up from 392,000. Standard in 2002 by pals David McComb, 59, and Patrick Huttley, 56, Modus started as P&O's go to for UK to continent, halls, and now cover C's from the Irish to the Mediterranean,

1:06plus Alpine tunnels and a big dover truck park for over 300 rigs, offices span New Rhee, England, and spots like Prague and Bucharest. They fund daily ops, with a 4.5 million pound debt facility from close brothers and I-steady, or better performance in 2026, keeping that one stop haulier vibe rolling strong.