Gulf Marine Services Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	188.12	167.49	151.6	133.16	115.13
Revenue Growth (YoY)	12.31%	10.48%	13.85%	15.66%	12.33%
Cost of Revenue	108.29	85.08	81.99	78.59	69.4
Gross Profit	79.83	82.42	69.62	54.57	45.73
Selling, General & Admin	15.38	16.15	14.06	13.21	12.27
Operating Expenses	15.06	18.16	14.27	15.04	12.33
Operating Income	64.76	64.26	55.35	39.53	33.4
Interest Expense	-14.28	-22.08	-30.04	-16.6	-17.69
Interest & Investment Income	0.01	0.09	0.22	0.01	0.01
Currency Exchange Gain (Loss)	-0.64	-0.67	-0.99	-0.14	-1
Other Non Operating Income (Expenses)	-4.03	-6.76	-12.46	-3.47	0.09
EBT Excluding Unusual Items	45.83	34.83	12.09	19.34	14.8
Asset Writedown	-10.07	9.23	33.43	7.79	14.96
Other Unusual Items	-	-0.88	-0.59	-	3.17
Pretax Income	35.76	43.18	44.93	27.13	32.93
Income Tax Expense	16.3	4.92	2.86	1.72	1.71
Earnings From Continuing Operations	19.46	38.26	42.07	25.4	31.22
Minority Interest in Earnings	-0.56	-0.28	-0.73	-0.08	-0.22
Net Income	18.9	37.98	41.34	25.33	31
Net Income to Common	18.9	37.98	41.34	25.33	31
Net Income Growth	-50.24%	-8.14%	63.24%	-18.31%	-
Shares Outstanding (Basic)	1,131	1,051	1,016	1,016	692
Shares Outstanding (Diluted)	1,150	1,121	1,055	1,024	696
Shares Change (YoY)	2.60%	6.25%	3.02%	47.20%	98.51%
EPS (Basic)	0.02	0.04	0.04	0.02	0.04
EPS (Diluted)	0.02	0.03	0.04	0.02	0.04
EPS Growth	-51.62%	-13.52%	58.70%	-44.62%	-
Free Cash Flow	73.99	100.77	90.94	79.22	32.61
Free Cash Flow Per Share	0.06	0.09	0.09	0.08	0.05
Gross Margin	42.43%	49.20%	45.92%	40.98%	39.72%
Operating Margin	34.43%	38.36%	36.51%	29.69%	29.01%
Profit Margin	10.04%	22.67%	27.27%	19.02%	26.93%
Free Cash Flow Margin	39.33%	60.16%	59.99%	59.49%	28.33%
EBITDA	92.6	90.45	79.65	63.23	56.21
EBITDA Margin	49.22%	54.00%	52.54%	47.48%	48.83%
D&A For EBITDA	27.84	26.19	24.3	23.7	22.82
EBIT	64.76	64.26	55.35	39.53	33.4
EBIT Margin	34.43%	38.36%	36.51%	29.69%	29.01%
Effective Tax Rate	45.58%	11.40%	6.37%	6.36%	5.18%

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