Gulf Marine quarterly revenue, earnings down amid Iran war impact
(Alliance News) - Gulf Marine Services PLC on Friday said that its results reflected "the war in the Gulf" as it posted a fall in first-quarter earnings and revenue. Read More
(Alliance News) - Gulf Marine Services PLC on Friday said that its results reflected "the war in the Gulf" as it posted a fall in first-quarter earnings and revenue. Read More
(Alliance News) - Gulf Marine Services PLC on Tuesday announced the award of two contracts, which it said marked its entry into the African and Latin American regions. Read More
(Alliance News) - Gulf Marine Services PLC on Tuesday reported a rise in 2025 revenue, but said its guidance for the new year is "currently being assessed" due to the Middle East conflict. Read More
Gulf Marine Services PLC - provider of support vessels to the offshore energy industry - Says it has received instructions, with which it "has complied promptly", from an unnamed Middle East client to immediately evacuate personnel from four vessels operating under its jurisdiction. Says this is a precautionary measure due to "the ongoing situation in the Gulf region". Gulf Marine adds that it is closely monitoring the situation, and is working to quantify the potential impact of recent events in the region on its financial and operational performance. Intends to issue further updates "as appropriate, in due course." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - Gets a two-year contract extension for another of its mid-sized vessels in the Gulf region. Gulf Marine Services doesn't name the customer or provide financial details, but it says the latest deal is for a separate contract and different vessel than the one it announced last week. Like that one, the new contract extension is for one firm year, plus a one-year option. Last week, Gulf Marine Services said its contract backlog is USD607 million. Read More
Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - Wins two-year contract extension for one of its mid-sized vessels in the Gulf region. Gulf Marine Services doesn't name the customer or provide financial details. The contract extension is for one firm year, plus a one-year option. It says the contract extension increases its backlog to USD607 million. Read More
Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - Wins contract for one of its large-class vessels in the Middle East. Gulf Marine Services doesn't name the customer or provide financial details. It says the contract is for two years with options to extend. It says recent contract awards have added 2,354 days to its backlog of booked vessels. Read More
(Alliance News) - Gulf Marine Services PLC on Tuesday reported a new contract award that covers two of its large-class vessels in Europe. Read More
Gulf Marine Services PLC - London and Abu Dhabi-based operator of self-propelled self-elevating support vessels for offshore energy industry - Reports revenue of USD138.3 million for the nine months to September 30, up 10% from USD126.1 million a year earlier, while adjusted earnings before interest, tax, depreciation and amortisation rises 7.1% to USD81.5 million from USD776.1 million. Net debt is reduced by 22% to USD172.2 million, cutting leverage to 1.6 times from 2.3 times. Gulf Marine says it remains on track to meet its 2025 objectives and is "highly confident" of achieving increased adjusted Ebitda guidance of USD101 million to USD109 million. The company continues to target adjusted Ebitda of up to USD115 million for 2026. In 2024, adjusted Ebitda was USD100.4 million. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday. Read More
(Alliance News) - Gulf Marine Services PLC on Tuesday reported a jump in profit during the first half of 2025, and said it remains "on track" to deliver on proposed future shareholder returns. Read More
(Alliance News) - Gulf Marine Services PLC on Wednesday said it has received a request for a general meeting and that its appeal against a tax assessment in Saudi Arabia has been denied. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Gulf Marine Services PLC on Wednesday reported higher revenue and earnings before interest, taxes, depreciation, and amortisation for 2024, though net profit declined and the company did not declare dividend for the year. Read More
Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for the offshore energy sector - Secures a contract for one of its large-class vessels in the Gulf Cooperation Council region. The contract spans 142 days and will see the vessel support "critical offshore operations" for the unnamed client. Gulf Marine Services adds: "The addition of this contract represents the company's fourth contract win or extension already this year, which reflects the strength of demand in the market for the company's vessels." Read More
(Alliance News) - Gulf Marine Services PLC on Wednesday said it has won a new contract for an additional vessel in the Middle East. Read More
Gulf Marine Services PLC - London-registered provider of self-propelled and self-elevating support vessels for the offshore energy sector - Announces that two of its vessels have secured three-year extensions, at enhanced rates, to contracts with an unnamed "major" national oil company in the Middle East region. Says the extensions reinforce its strong partnership with the client, and that its secured backlog is now worth USD558 million. Read More