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Gulf Marine Services ( (GB:GMS) ) has shared an announcement.
Gulf Marine Services PLC reported an 8% increase in revenue for the first half of 2025, reaching US$ 87.1 million, driven by higher fleet average day rates and the operation of an additional leased vessel. Despite a decrease in fleet utilization due to maintenance and geopolitical tensions, the company improved its adjusted EBITDA by 6% to US$ 50.8 million. However, net profit fell by 47% to US$ 3.9 million, impacted by higher tax expenses and depreciation. The company successfully reduced its net leverage ratio and net bank debt, reflecting improved financial health. Looking ahead, GMS expects adjusted EBITDA for 2025 to be in the range of USD 101-109 million, with a secured backlog of US$ 517.4 million, indicating strong demand for its services. The company remains committed to delivering shareholder returns through dividends and share buybacks, despite challenges in the market.
The most recent analyst rating on (GB:GMS) stock is a Hold with a £20.50 price target. To see the full list of analyst forecasts on Gulf Marine Services stock, see the GB:GMS Stock Forecast page.
Spark’s Take on GB:GMS Stock
According to Spark, TipRanks’ AI Analyst, GB:GMS is a Neutral.
Gulf Marine Services’ overall stock score is driven primarily by its strong financial performance and attractive valuation, suggesting a well-managed company with growth potential. However, technical indicators reflect bearish momentum, which tempers the overall score. Corporate events add some uncertainty but do not significantly impact the overall assessment.
To see Spark’s full report on GB:GMS stock, click here.
More about Gulf Marine Services
Gulf Marine Services PLC, founded in Abu Dhabi in 1977 and listed on the London Stock Exchange, is a leading provider of advanced self-propelled, self-elevating support vessels (SESVs) serving the offshore oil, gas, and renewables industries. The company operates a fleet of 14 SESVs, which are among the youngest in the industry, and provides services globally, including in the Middle East, Europe, Southeast Asia, West Africa, North and South America, and the Gulf of Mexico. These vessels support a range of offshore activities, including platform refurbishment, maintenance, well intervention, and wind turbine maintenance.
Average Trading Volume: 1,327,587
Technical Sentiment Signal: Buy
Current Market Cap: £208.5M
For a thorough assessment of GMS stock, go to TipRanks’ Stock Analysis page.