GULF MARINE SERVICES PLC financials

GULF MARINE SERVICES PLC

Country: GB Reporting currency: USD Latest annual report: 2025-12-31
LEI: 213800IGS2QE89SAJF77 ISIN: GB00BJVWTM27
Source filing ↗
Financial statements (USD, as reported — unscaled; 85 line items across 2 annual periods)
Line item 20252024
Income statement
Revenue $188.1M$167.5M
Cost of sales $108.3M$85.1M
Gross profit $70.1M$89.6M
Other income $1.4M$23.0K
Operating profit (EBIT) $54.7M$72.6M
Finance costs $15.0M$23.5M
Profit before tax $35.8M$43.2M
Income tax expense $16.3M$4.9M
Profit for the year $19.5M$38.3M
— attributable to owners $18.9M$38.0M
— attributable to NCI $564.0K$284.0K
Total comprehensive income $19.8M$38.2M
Per share
Basic EPS $1.67$3.61
Diluted EPS $1.64$3.39
Cash flow statement
Cash generated from operations $96.9M$106.0M
Net cash from operating activities $88.4M$103.6M
Net cash from investing activities -$25.3M-$8.8M
Purchase of PP&E (capex) $14.5M$2.8M
Net cash from financing activities -$75.4M-$63.5M
Proceeds from borrowings $0$241.2M
Repayments of borrowings $56.8M$275.9M
Lease liability payments $10.7M$4.5M
Balance sheet
Total assets $699.9M$683.1M
Non-current assets $620.8M$608.3M
Property, plant & equipment $575.0M$592.2M
Right-of-use assets $30.2M$4.2M
Current assets $79.1M$74.8M
Trade & other receivables $33.9M$25.6M
Cash & equivalents $27.8M$40.0M
Total equity $422.3M$382.7M
— attributable to owners $418.7M$379.7M
Non-controlling interests $3.6M$3.0M
Non-current liabilities $162.8M$199.9M
Long-term borrowings $142.2M$196.4M
Lease liabilities (non-current) $17.8M$858.0K
Current liabilities $114.8M$100.5M
Short-term borrowings $38.0M$39.6M
Lease liabilities (current) $16.5M$3.5M
Trade & other payables $42.8M$37.8M
Derived metrics
Free cash flow $74.0M$100.8M
Operating margin 29.1%43.3%
Net margin 10.3%22.8%
Return on equity 4.6%10.0%
Cash conversion ratio 4.54×2.71×
Capex coverage 6.12×37.14×
Other reported items
Adjustments For Decrease Increase In Trade and Other Receivables -$16.2M$1.9M
Adjustments For Fair Value Gains Losses $4.8M$5.3M
Adjustments For Finance Costs $13.9M$23.5M
Adjustments For Income Tax Expense $16.3M$4.9M
Adjustments For Increase Decrease In Trade and Other Payables $1.2M$2.9M
Adjustments For Interest Income -$8.0K-$89.0K
Adjustments For Sharebased Payments $337.0K$0
Capital Redemption Reserve $46.4M$46.4M
Capital Reserve $9.2M$9.2M
Cash Flows From Used In Operations Before Changes In Working Capital $111.9M$101.1M
Comprehensive Income Attributable To Noncontrolling Interests $564.0K$284.0K
Comprehensive Income Attributable To Owners of Parent $19.3M$37.9M
Current Derivative Financial Liabilities $144.0K$9.2M
Current Prepayments $17.4M$9.2M
Current Tax Liabilities $17.4M$10.4M
Equity and Liabilities $699.9M$683.1M
Finance Income $8.0K$89.0K
Gains Losses On Exchange Differences On Translation Before Tax $357.0K-$90.0K
Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss -$637.0K-$674.0K
General and Administrative Expense $15.4M$17.0M
Impairment Loss Recognised In Profit Or Loss $22.1M$9.4M
Income Taxes Paid Refund Classified As Operating Activities -$8.4M-$2.4M
Increase Decrease In Cash and Cash Equivalents -$12.3M$31.3M
Increase Decrease Through Transactions With Owners $19.8M$14.2M
Interest Received Classified As Investing Activities $8.0K$89.0K
Issue of Equity $19.4M$14.3M
Issued Capital $33.6M$31.5M
Liabilities $277.7M$300.4M
Noncurrent Derivative Financial Liabilities $497.0K$0
Noncurrent Provisions For Employee Benefits $2.3M$2.6M
Other Adjustments To Reconcile Profit Loss -$1.4M-$23.0K
Other Comprehensive Income Net of Tax Exchange Differences On Translation $357.0K-$90.0K
Payments For Debt Issue Costs $0$5.2M
Payments For Share Issue Costs $0$83.0K
Proceeds From Exercise of Warrants $6.1M$3.9M
Reserve of Exchange Differences On Translation -$2.3M-$2.6M
Reserve of Sharebased Payments $337.0K$0
Retained Earnings $251.6M$232.7M
Share Issue Related Cost $337.0K$83.0K
Share Premium $129.3M$112.0M
Methodology

Every line item above is a fact tagged in GULF MARINE SERVICES PLC's annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (USD), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.