Published on July 29, the trading update also showed an underlying operating profit of around £13m. James Fisher added that maritime transport also performed well, with its Fendercare subsidiary experiencing 'strong demand for ship-to-ship transfers'. James Fisher said that it anticipated a recovery of oil and gas activity in 2027 but 'the timing remains subject to geopolitical developments and broader market conditions.' "At the same time, we are expanding our presence in attractive growth markets, such as North America, Continental Europe and the Indo Pacific region, while continuing to invest in innovation and enhance our product offering. "Overall, the Board remains confident in the Group's ability to continue building towards its medium-term financial targets of 10% underlying operating margin and 15% ROCE [Return on Capital Employed].''