20th Oct 2026 10:13
Gulf Marine Services PLC - Abu Dhabi-based vessel operator - Reports adjusted revenue for the nine months ended September 30 of USD151.8 million, up 10% from USD138.3 million a year earlier. Adjusted Ebitda was USD81.5 million, unchanged year-on-year. Says the conflict in the Gulf has caused an estimated USD10.1 million in lost revenue, alongside USD1.8 million in additional war risk insurance costs. Maintains 2026 adjusted Ebitda guidance of USD105 million to USD115 million, assuming the war "doesn't materially impact vessel utilisation," it says.
Current stock price: 18.60 pence
12-month change: up 25%
By Niall Holden, Alliance News reporter
Comments and questions to [email protected]
Copyright 2026 Alliance News Ltd. All Rights Reserved.
Related Shares:
Gulf Marine Services