Gulf Marine Services
GMS · Main Market · Energy · mcap £205m · 17.7p
Financials · LTM to 30 Jun 26
Source: results 07 Sep 26 ↗
- Revenue
- £135m
- Operating profit
- –
- Net income
- £784k
- Free cash flow
- –
- Net debt
- £137m
- Market cap
- £204m
- EV / EBIT
- –
- FCF yield
- –
- Price / book
- 0.7×
Latest half-year · H1 26 vs H1 25
results 07 Sep 26 ↗
- Revenue
- £59.1m −12%
- Operating profit
- −£4.6m prior £21.9m
- Net income
- −£11.0m prior £3.0m
- Cash from operations
- £33.3m +5%
Extracted automatically from the company's results announcements; check the source before relying on a figure. Not investment advice.
Latest report: H1 26 (six months to 30 Jun 26), published 07 Sep 26 · read the results ↗
£m unless stated · newest first · italic = calculated (LTM, H2 = FY − H1) · hover a value for its source
| H1 26 | vs H1 25 | H2 25 | H1 25 | H2 24 | H1 24 | |
|---|---|---|---|---|---|---|
| Revenue | 59.1 | −12% | 75.6 | 67.2 | – | – |
| Gross profit | 1.5 | −95% | – | 27.7 | – | – |
| Adjusted EBITDA | 32.6 | −17% | 46.5 | 39.2 | 40.9 | 37.7 |
| Operating profit | (4.6) | n/m | – | 21.9 | – | – |
| Depreciation (owned assets) | 10.3 | −2% | – | 10.5 | – | – |
| Depreciation (right-of-use) | 3.4 | −12% | – | 3.9 | – | – |
| Amortisation | 3.1 | +10% | – | 2.8 | – | – |
| Share-based payments | 0.3 | n/m | – | 0.1 | – | – |
| Fair value gains / losses | 0.3 | n/m | – | (3.2) | – | – |
| Finance costs | (5.7) | −9% | (5.2) | (6.2) | – | – |
| Profit before tax | (9.1) | n/m | – | 13.0 | – | – |
| Tax | (1.9) | −81% | (2.4) | (9.9) | – | – |
| Net income (owners) | (11.0) | n/m | 11.8 | 3.0 | – | – |
| EPS basic | (1.0p) | – | – | 0.3p | – | – |
| EPS diluted | (1.0p) | – | – | 0.2p | – | – |
| Latest Jun 26 | FY 25 | FY 24 | FY 23 | |
|---|---|---|---|---|
| Property, plant & equipment | 445.9 | 427.0 | – | – |
| Trade receivables | 20.8 | 25.2 | – | – |
| Cash | 12.3 | 20.6 | 31.9 | – |
| Current assets | 68.1 | 58.7 | 59.6 | – |
| Total assets | 534.7 | 519.7 | – | – |
| Trade payables | 39.2 | 31.8 | 30.1 | – |
| Borrowings, current | 57.0 | 28.2 | 31.6 | – |
| Lease liabilities, current | 14.5 | 12.2 | 2.8 | – |
| Current liabilities | 124.5 | 85.3 | – | – |
| Borrowings, non-current | 91.9 | 105.6 | 156.5 | – |
| Lease liabilities, non-current | 8.4 | 13.2 | 0.7 | – |
| Total liabilities | 226.9 | 206.2 | 239.4 | – |
| Non-controlling interests | 2.7 | 2.6 | – | – |
| Total equity | 307.8 | 313.6 | – | – |
| Net cash / (debt) ex leases | – | (116.3) | (160.3) | (209.9) |
| Shares in issue | – | 1,152.2m | – | – |
| Order book | 473.8 | 450.0 | 382.5 | – |
| H1 26 | H2 25 | H2 24 | H2 23 | |
|---|---|---|---|---|
| Property, plant & equipment | 445.9 | 427.0 | – | – |
| Trade receivables | 20.8 | 25.2 | – | – |
| Cash | 12.3 | 20.6 | 31.9 | – |
| Current assets | 68.1 | 58.7 | 59.6 | – |
| Total assets | 534.7 | 519.7 | – | – |
| Trade payables | 39.2 | 31.8 | 30.1 | – |
| Borrowings, current | 57.0 | 28.2 | 31.6 | – |
| Lease liabilities, current | 14.5 | 12.2 | 2.8 | – |
| Current liabilities | 124.5 | 85.3 | – | – |
| Borrowings, non-current | 91.9 | 105.6 | 156.5 | – |
| Lease liabilities, non-current | 8.4 | 13.2 | 0.7 | – |
| Total liabilities | 226.9 | 206.2 | 239.4 | – |
| Non-controlling interests | 2.7 | 2.6 | – | – |
| Total equity | 307.8 | 313.6 | – | – |
| Net cash / (debt) ex leases | – | (116.3) | (160.3) | (209.9) |
| Shares in issue | – | 1,152.2m | – | – |
| Order book | 473.8 | 450.0 | 382.5 | – |
Line items extracted automatically from each results announcement; when a later report restates a period, the later figure is shown. LTM and H2 are calculated from reported periods. Check the source before relying on a figure.
Company filings. Not investment advice.