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Gulf Marine Services
(LSE:GMS)
Gulf Marine Services (GMS) vs. iShares MSCI United Kingdom ETF (EWC)
Gulf Marine Services Business Overview & Revenue Model
Gulf Marine Services Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 167.49M | 151.60M | 133.16M | 115.13M | 102.49M |
| Gross Profit | 89.64M | 69.62M | 60.53M | 60.63M | -55.53M |
| EBITDA | 101.41M | 106.80M | 76.47M | 81.35M | -37.43M |
| Net Income | 37.98M | 41.34M | 25.33M | 31.00M | -124.30M |
Balance Sheet | |||||
| Total Assets | 683.14M | 668.33M | 658.82M | 674.40M | 654.44M |
| Cash, Cash Equivalents and Short-Term Investments | 40.01M | 8.71M | 12.28M | 8.27M | 3.80M |
| Total Debt | 240.38M | 279.30M | 331.61M | 382.45M | 413.37M |
| Total Liabilities | 300.44M | 338.05M | 371.25M | 411.69M | 447.58M |
| Stockholders Equity | 379.70M | 327.57M | 285.59M | 260.80M | 205.17M |
Cash Flow | |||||
| Free Cash Flow | 94.70M | 81.39M | 76.25M | 29.00M | 31.05M |
| Operating Cash Flow | 103.56M | 94.40M | 82.56M | 40.51M | 44.27M |
| Investing Cash Flow | -8.77M | -12.79M | -6.30M | -11.50M | -12.35M |
| Financing Cash Flow | -63.45M | -85.22M | -72.26M | -24.54M | -36.52M |
Gulf Marine Services Technical Analysis
Gulf Marine Services Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | £185.73M | 6.42 | 9.45% | ― | 7.05% | -19.81% | |
60 Neutral | 174.84M | -4.16 | -21.52% | ― | -0.20% | -25.68% | |
56 Neutral | 500.80M | -19.11 | 0.00% | 2.37% | 11.60% | -126.25% | |
54 Neutral | 156.13M | -1.00 | -20.02% | ― | -32.47% | -1490.91% | |
52 Neutral | 144.96M | -8.80 | 3.03% | ― | -32.66% | 72.67% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
Gulf Marine Services Corporate Events
Gulf Marine Services PLC reported an 8% increase in revenue for the first half of 2025, reaching US$ 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.
Gulf Marine Services PLC announced a change in the percentage of shares held by MZI Holding Limited, which decreased from 24.46% to 22.71%. This reduction was due to the dilution effect from the recent issuance of new shares related to the exercise of warrants, rather than any sale of shares by MZI. The announcement highlights a shift in the company’s shareholder structure, which may impact its market dynamics and stakeholder interests.
Gulf Marine Services PLC announced that as of June 30, 2025, its issued share capital consists of 1,152,166,012 ordinary shares, each with voting rights, and holds no shares in treasury. This update on total voting rights is crucial for shareholders to determine their notification obligations under the FCA’s Disclosure Guidance and Transparency Rules.
Gulf Marine Services PLC has announced a change in its major holdings, with Bank of America Corporation adjusting its voting rights and financial instruments. The notification reveals that the total voting rights held by Bank of America have slightly decreased, which may influence the company’s shareholder dynamics and market perception.
Gulf Marine Services PLC announced a change in major holdings as Bank of America Corporation, through its subsidiary Merrill Lynch International, has increased its voting rights in the company to 7.0028%. This acquisition of voting rights signifies a slight increase from the previous 6.984381%, potentially impacting the company’s governance and strategic decisions. The change reflects a continued interest and investment from major financial institutions, which could influence Gulf Marine Services’ market positioning and stakeholder confidence.
Gulf Marine Services PLC has announced a change in its voting rights, with Bank of America Corporation crossing a significant threshold in its holdings. The adjustment in voting rights, resulting from a combination of direct and financial instruments, reflects a decrease from a previous position, potentially impacting the company’s governance and shareholder dynamics.
Gulf Marine Services PLC announced the granting of share awards to Executive Chairman Mansour Al Alami under the company’s Long Term Incentive Plan. The awards, which include Long-term Incentive Awards and Deferred Share Bonus Plan Awards, are tied to performance conditions aligned with shareholder interests and are set to vest over the next few years. This move is part of the company’s strategy to align executive compensation with shareholder returns, potentially impacting its market positioning by incentivizing leadership to drive company performance.
Gulf Marine Services has received a request to convene a general meeting to propose board changes and a dividend payment, which was determined to be invalid following legal advice. The company expressed disappointment over the lack of dialogue from the requesting parties and advised shareholders to refrain from taking any action.