1. United Arab Emirates Stocks

  2. •

    Energy

  3. •

    Oil & Gas Equipment & Services
Gulf Marine Services PLC

Gulf Marine Services PLC

GMS.L
Gulf Marine Services PLCGB flagLondon Stock Exchange
19.24
GBp
- -
- -
221.68MMarket Cap
Gulf Marine Services PLC
GMS.L
(London Stock Exchange)

Recent

price

19.24

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
0.2
0.27
0.35
0.38
0.42
0.34
0.21
0.23
0.21
0.19
0.17
0.13
0.15
0.16
0.17
Revenue per Share
0.04
0.09
0.13
0.15
0.14
0.06
-0.04
-0.01
-0.16
-0.23
0.04
0.02
0.04
0.04
0.02
Basic EPS, GAAP
0.03
0.11
0.12
-0.04
-0.13
-0.04
0.06
0.01
0.08
0.07
0.05
0.08
0.09
0.1
0.07
Free Cash Flow per Basic Share
- -
- -
0.15
0.01
0.01
0.02
0.01
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.13
0.22
0.2
0.59
0.7
0.74
0.7
0.68
0.52
0.29
0.22
0.18
0.22
0.25
0.25
Book Value per Share
0.26
0.35
0.35
0.7
0.8
0.83
0.79
0.78
0.62
0.39
0.38
0.28
0.32
0.36
0.37
Tangible Book Value per Share
528
528
528
512
528
528
528
529
529
530
692
1,016
1,016
1,051
1,131
Basic Weighted Avg Shares
107
143
184
197
220
179
113
123
109
102
115
133
152
167
188
Sales/Revenue/Turnover
44.77
52.34
55.75
51.41
50.34
29.38
17.04
23.08
-39.33
-66.5
42
35.54
58.17
43.35
29.07
Operating Margin (%)
16
17
17
18
27
33
32
30
35
31
31
32
32
36
48
Depreciation Expense
22
48
68
75
75
30
-19
-6
-86
-124
31
25
41
38
19
Net Income, GAAP
11.87
5.37
5.27
5.9
2.67
4.47
- -
- -
- -
- -
5.18
6.36
6.37
11.4
45.58
Effective Tax Rate (%)
20.74
33.71
37.01
38.19
34.03
16.45
-16.45
-4.97
-78.9
-121.32
26.93
19.02
27.27
22.67
10.04
Profit Margin (%)
-34
-43
48
10
11
-8
8
-384
-388
-25
4
-16
-52
-26
-36
Working Capital
215
219
357
268
387
402
392
- -
1
381
355
300
236
197
160
LT Debt
139
187
184
359
424
444
421
416
330
207
263
288
330
383
422
Total Equity
- -
16.05
18.83
15.08
13.58
5.6
- -
- -
- -
- -
7.18
6.95
13.33
10.34
4.65
Return on Invested Capital (%)
- -
18.89
21.22
17.19
13.59
5.95
- -
- -
- -
- -
8.61
7.9
13.41
11.29
5.05
Return on Capital (%)
- -
52.69
62.34
36.79
22.18
7.76
-4.89
-1.68
-26.93
-58.21
20.27
15.15
20.43
15.53
6.88
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.79%
15.51%
10.34%
Free Cash Flow
36.05%
25.27%
-26.58%
Net Income, GAAP
91.64%
-27.68%
-50.24%
Sales/Revenue/Turnover
0.09%
12.93%
12.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
152
2024
- -
- -
- -
- -
167
2025
- -
- -
- -
- -
188

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.04
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.02

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
Gulf Marine Services PLC operates as a leading provider of advanced self-propelled self-elevating support vessels (SESVs) for the offshore oil, gas, and renewable energy sectors; its fleet of 14 vessels, comprising 13 owned and one leased, delivers services including offshore construction and heavy lifting, accommodation and hotel support, well intervention and workover operations, platform maintenance, diving support, decommissioning, enhanced oil recovery via coiled tubing, wireline, and well testing, as well as windfarm installation, maintenance, and repair. The company segments its operations into K-Class small vessels (Kamikaze, Kawawa, Kikuyu, Kudeta, Keloa, Pepper; max water depth 45-55m), S-Class mid-size vessels (Shamal, Scirocco, Sharqi; max 55m), and E-Class large vessels (Endeavour, Endurance, Enterprise, Evolution; max 65-80m), with capabilities such as variable deck loads up to 2,200 tonnes, cranes to 400 tonnes, and personnel capacity to 210. Founded in 1977 and headquartered in Abu Dhabi, United Arab Emirates, with a registered office in London, Gulf Marine Services PLC serves national oil companies, international oil firms, EPC contractors, and European power companies primarily in the Middle East and North Africa (MENA), Western Europe, and selectively in West Africa, Southeast Asia, with 2024 revenue split approximately 37% MENA, 27% Europe, 25% GCC, and 11% other. In recent developments, the company completed a five-year debt refinancing in December 2024 with a club of three lenders, including a AED-denominated term loan and USD 50 million working capital facility at favorable rates tied to leverage below 2.5x; secured multiple contract extensions and wins in 2025, including three-year deals at enhanced rates with a major Middle East national oil company and a 142-day GCC contract, boosting its backlog to USD 570 million as of April 2025 (3.4x 2024 revenue); and maintains high utilization above 90% with rising day rates amid recovering oil & gas and offshore wind markets.