Invests in distribution, industrial & services companies.
Emilia Development did not lose its operating engines, but 2025 showed that the group is leaning too heavily on Overseas to offset a sharp Chemobile margin collapse and weaker profitability at Mendelson.
Chemobile's 2025 profitability reset looks more like a margin squeeze driven by price pass-through, import exposure, and a heavier cost base than by a structural break in the business itself.
At Emilia Development, the parent is currently funded mainly by Mendelson, with secondary support from Overseas, while Kimmol still looks more like paper distribution capacity than an active upstream cash engine.
