Gulf Marine Services PLC (LON:GMS)

Gulf Marine Services Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	173.84	167.49	151.6	133.16	115.13	102.49
Revenue Growth (YoY)	10.00%	10.48%	13.85%	15.66%	12.33%	-5.73%
Cost of Revenue	94.96	85.08	81.99	78.59	69.4	70.86
Gross Profit	78.88	82.42	69.62	54.57	45.73	31.63
Selling, General & Admin	14.57	16.15	14.06	13.21	12.27	12.63
Operating Expenses	16.03	18.16	14.27	15.04	12.33	12.63
Operating Income	62.86	64.26	55.35	39.53	33.4	19
Interest Expense	-17.82	-22.08	-30.04	-16.6	-17.69	-30.26
Interest & Investment Income	0.01	0.09	0.22	0.01	0.01	0.02
Currency Exchange Gain (Loss)	-1.21	-0.67	-0.99	-0.14	-1	-0.99
Other Non Operating Income (Expenses)	-3.49	-6.76	-12.46	-3.47	0.09	-1.5
EBT Excluding Unusual Items	40.36	34.83	12.09	19.34	14.8	-13.74
Merger & Restructuring Charges	-	-	-	-	-	-2.49
Gain (Loss) on Sale of Assets	-	-	-	-	-	-1.81
Asset Writedown	9.23	9.23	33.43	7.79	14.96	-87.16
Other Unusual Items	0.53	-0.88	-0.59	-	3.17	-17.82
Pretax Income	50.12	43.18	44.93	27.13	32.93	-123.02
Income Tax Expense	15.28	4.92	2.86	1.72	1.71	1.29
Earnings From Continuing Operations	34.84	38.26	42.07	25.4	31.22	-124.3
Minority Interest in Earnings	-0.04	-0.28	-0.73	-0.08	-0.22	-0.04
Net Income	34.8	37.98	41.34	25.33	31	-124.34
Net Income to Common	34.8	37.98	41.34	25.33	31	-124.34
Net Income Growth	-13.06%	-8.14%	63.24%	-18.31%	-	-
Shares Outstanding (Basic)	1,090	1,051	1,016	1,016	692	350
Shares Outstanding (Diluted)	1,133	1,121	1,055	1,024	696	350
Shares Change (YoY)	2.56%	6.25%	3.02%	47.20%	98.51%	0.04%
EPS (Basic)	0.03	0.04	0.04	0.02	0.04	-0.35
EPS (Diluted)	0.03	0.03	0.04	0.02	0.04	-0.35
EPS Growth	-15.18%	-13.52%	58.70%	-44.62%	-	-
Free Cash Flow	90.22	100.77	90.94	79.22	32.61	38.65
Free Cash Flow Per Share	0.08	0.09	0.09	0.08	0.05	0.11
Gross Margin	45.38%	49.20%	45.92%	40.98%	39.72%	30.86%
Operating Margin	36.16%	38.36%	36.51%	29.69%	29.01%	18.53%
Profit Margin	20.02%	22.67%	27.27%	19.02%	26.93%	-121.32%
Free Cash Flow Margin	51.90%	60.16%	59.99%	59.49%	28.33%	37.70%
EBITDA	89.66	90.45	79.65	63.23	56.21	44.83
EBITDA Margin	51.58%	54.00%	52.54%	47.48%	48.83%	43.74%
D&A For EBITDA	26.81	26.19	24.3	23.7	22.82	25.84
EBIT	62.86	64.26	55.35	39.53	33.4	19
EBIT Margin	36.16%	38.36%	36.51%	29.69%	29.01%	18.53%
Effective Tax Rate	30.49%	11.40%	6.37%	6.36%	5.18%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.