Gulf Marine Services PLC

Energy GB GMS

19.24GBX
0.00(0%)

Last update at 2026-06-03T15:35:00Z

Day Range

18.6019.90

LowHigh

52 Week Range

14.6624.30

LowHigh

Fundamentals

Previous Close 19.24
Market Cap230.43M
Volume2055762
P/E Ratio10.00
Dividend Yield-%
EBITDA89.66M
Revenue TTM173.84M
Revenue Per Share TTM0.16
Gross Profit TTM 78.88M
Diluted EPS TTM0.02

Overview
Financials
Peer Comparison
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Profile

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Income before tax	43.18M	44.93M	27.13M	32.93M	-123.01900M
Minority interest	-0.28400M	-0.72600M	-0.07600M	-0.21800M	1.69M
Net income	37.98M	41.34M	25.33M	31.00M	-124.30400M
Selling general administrative	17.03M	14.64M	13.21M	12.27M	12.63M
Selling and marketing expenses	-	0.21M	-	-	-
Gross profit	89.64M	69.62M	60.53M	60.63M	-55.52800M
Reconciled depreciation	36.16M	32.17M	31.94M	30.73M	31.45M
Ebit	65.25M	74.63M	47.32M	48.35M	-73.74400M
Ebitda	101.41M	106.80M	78.15M	78.12M	-37.42700M
Depreciation and amortization	36.16M	32.17M	30.83M	29.77M	36.32M
Non operating income net other	-	-	-	-	-
Operating income	72.61M	88.19M	47.32M	48.35M	-73.74400M
Other operating expenses	94.89M	63.41M	85.83M	66.77M	170.65M
Interest expense	22.07M	29.82M	17.40M	14.46M	46.74M
Tax provision	4.92M	2.86M	1.72M	1.71M	1.28M
Interest income	0.09M	0.22M	0.01M	0.00900M	0.01M
Net interest income	-23.42800M	-30.87200M	-18.44400M	-14.45400M	-46.72500M
Extraordinary items	-	-	-	-	-
Non recurring	-	-	-	-	-
Other items	-	-	-	-	-
Income tax expense	4.92M	2.86M	1.72M	1.71M	1.28M
Total revenue	167.49M	151.60M	133.16M	115.13M	102.49M
Total operating expenses	17.03M	-18.57600M	13.21M	12.27M	12.63M
Cost of revenue	77.86M	81.99M	72.62M	54.50M	158.02M
Total other income expense net	-29.42700M	-43.26200M	-20.19600M	-15.42800M	-49.27500M
Discontinued operations	-	-	-	-	-
Net income from continuing ops	38.26M	42.07M	25.40M	31.22M	-124.30400M
Net income applicable to common shares	-	-	25.33M	31.00M	-124.33900M
Preferred stock and other adjustments	-	-	-	-	-

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Total assets	683.14M	668.33M	658.82M	674.40M	654.44M
Intangible assets	-	-	-	-	-
Earning assets	-	-	-	-	-
Other current assets	4.99M	5.35M	0.39M	48.92M	31.83M
Total liab	300.44M	338.05M	371.25M	411.69M	447.58M
Total stockholder equity	379.70M	327.57M	285.59M	260.80M	205.17M
Deferred long term liab	-	-	8.93M	8.80M	10.39M
Other current liab	27.93M	35.72M	24.88M	5.67M	4.81M
Common stock	31.47M	30.12M	30.12M	30.12M	58.06M
Capital stock	31.47M	30.12M	30.12M	30.12M	58.06M
Retained earnings	232.68M	194.70M	149.71M	124.39M	93.39M
Other liab	-	-	2.14M	2.32M	2.19M
Good will	-	-	-	-	-
Other assets	-	-	8.93M	8.80M	10.39M
Cash	40.01M	8.67M	12.28M	8.27M	3.80M
Cash and equivalents	-	-	-	-	-
Total current liabilities	100.52M	99.48M	69.34M	53.04M	60.97M
Current deferred revenue	-	-1.62300M	-	-	-
Net debt	200.38M	270.63M	319.33M	374.18M	409.57M
Short term debt	43.10M	43.12M	31.84M	27.91M	32.79M
Short long term debt	39.60M	41.50M	30.00M	26.10M	31.05M
Short long term debt total	240.38M	279.30M	331.61M	382.45M	413.37M
Other stockholder equity	115.55M	108.28M	105.76M	106.29M	53.73M
Property plant equipment	-	-	596.33M	608.41M	608.42M
Total current assets	74.81M	47.37M	53.56M	57.19M	35.63M
Long term investments	-	-	-	-	-
Net tangible assets	-	-	285.59M	260.80M	205.17M
Short term investments	0.06M	0.05M	-	-	-
Net receivables	29.81M	33.30M	33.18M	48.92M	31.83M
Long term debt	196.43M	234.44M	298.08M	353.43M	379.01M
Inventory	-	0.05M	-	-	-
Accounts payable	18.77M	13.21M	12.62M	19.45M	23.37M
Total permanent equity	-	-	-	-	-
Noncontrolling interest in consolidated entity	-	-	-	-	-
Temporary equity redeemable noncontrolling interests	-	-	-	-	-
Accumulated other comprehensive income	-5.89700M	-5.80700M	-	-	-350.73100M
Additional paid in capital	-	-	-	-	-
Common stock total equity	-	-	-	-	58.06M
Preferred stock total equity	-	-	-	-	-
Retained earnings total equity	-	-	-	-	-
Treasury stock	-	-	-	-	-
Accumulated amortization	-	-	-	-	-
Non currrent assets other	-	11.20M	-	-	-
Deferred long term asset charges	-	-	-	-	-
Non current assets total	608.33M	620.96M	605.26M	617.21M	618.81M
Capital lease obligations	4.36M	3.36M	3.52M	2.92M	3.31M
Long term debt total	-	-	-	-	-

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Type	yearly	yearly	yearly	yearly	yearly
Date	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Investments	-8.76900M	-12.78800M	-6.30400M	-11.49800M	-12.35000M
Change to liabilities	-	-	5.00M	-4.84900M	-3.77000M
Total cashflows from investing activities	-8.76900M	-12.78800M	-6.30400M	-11.49800M	-12.35000M
Net borrowings	-34.75000M	-54.17400M	-53.96900M	-31.32500M	7.55M
Total cash from financing activities	-63.45000M	-85.22400M	-72.25700M	-24.54000M	-36.52400M
Change to operating activities	-	-	-	-	-
Net income	38.26M	42.07M	25.40M	31.22M	-124.30400M
Change in cash	31.34M	-3.60900M	4.00M	4.47M	-4.60600M
Begin period cash flow	8.67M	12.28M	8.27M	3.80M	8.40M
End period cash flow	40.01M	8.67M	12.28M	8.27M	3.80M
Total cash from operating activities	103.56M	94.40M	82.56M	40.51M	44.27M
Issuance of capital stock	3.90M	0.00000M	0.06M	27.76M	-
Depreciation	36.16M	32.17M	31.94M	30.73M	31.45M
Other cashflows from investing activities	-5.98100M	-9.32900M	-2.95900M	-3.60000M	-7.58500M
Dividends paid	-	-	-	-	0.65M
Change to inventory	-	-	-	-	-
Change to account receivables	1.89M	2.00M	5.61M	-17.09000M	4.87M
Sale purchase of stock	-	-	-	-	-
Other cashflows from financing activities	-32.59700M	-25.72000M	-20.75100M	-21.31500M	-4.54900M
Change to netincome	-	-	14.68M	0.72M	136.06M
Capital expenditures	8.86M	13.01M	6.32M	11.51M	13.22M
Change receivables	-	-	-	-	-
Cash flows other operating	-	-	-	-	-
Exchange rate changes	-	-	-	-	-
Cash and cash equivalents changes	-	-	-	-	-
Change in working capital	4.84M	10.14M	10.62M	-21.93900M	1.10M
Stock based compensation	-	0.02M	0.04M	-0.01800M	0.17M
Other non cash items	24.30M	10.00M	14.56M	14.43M	46.47M
Free cash flow	94.70M	81.39M	76.25M	29.00M	31.05M

Peer Comparison

Sector: Energy Industry: Oil & Gas Equipment & Services

Company	Change (GBX)	Price (GBX)	Trailing PE (x)	Forward PE (x)	Price Sales TTM (x)	Price to Book Value (x)	Enterprise Value to Revenue (x)	Enterprise Value to EBITDA (x)
GMS Gulf Marine Services PLC	- -%	19.24	10.00	5.70	1.33	0.71	2.71	4.37
HTG Hunting PLC	-6.5 1.39%	461.00	27.72	15.43	0.72	1.09	0.91	7.65
AT Ashtead Technology Holdings PLC	10.50 2.52%	427.00	11.32	9.11	1.79	2.21	2.25	5.69
TAND Tan Delta Systems PLC	-1.5 4.62%	31.00	-	-	21.28	7.67	19.46
CSC Chesterfield Special Cylinders Holdings Plc	- -%	42.50	-	10.11	1.08	1.66	0.98	265.77

Reports Covered

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Profile

Gulf Marine Services PLC, together with its subsidiaries, operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe. It operates through K-Class Vessels, S-Class Vessels, and E-Class Vessels segments. The company offers offshore construction and heavy lifting, accommodation and hotel, well intervention and work over operations, and manpower services for oil and gas industry; and platform maintenance and commissioning, turbine maintenance and commissioning, hotel, crane, and offshore crew transfer services to renewables industry. It is also involved in the marine contracting and general investment activities; operation of offshore barges; and ownership of barges. Gulf Marine Services PLC was founded in 1977 and is based in Abu Dhabi, the United Arab Emirates.

Gulf Marine Services PLC

P.O. Box 46046, Abu Dhabi, United Arab Emirates

971 2 5028 888
https://www.gmsplc.com
Employees : 727

Key Executives

Name	Title	Year Born
Mr. Mansour Al Alami	Exec. Chairman & CEO	NA
Mr. Alex Aclimandos	Chief Financial Officer	NA
Mr. Mark Harvey	Chief Operating Officer	NA
Ms. Anne Toomey	Investor Relations Mang.	NA
Tony Hunter	Company Sec.	NA
Mr. Mansour Al Alami	Executive Chairman of the Board & CEO	NA
Mr. Chris Wild	Operations Director	NA
Mr. Gilberto Andara	Head of HSE & Quality	NA
Ms. Shradha Ah-Ahuja	Chief Shared Services Officer	NA
Mr. Jamie Taylor	Chief Commercial Officer	NA

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