Gulf Marine Services PLC (LON:GMS)

Gulf Marine Services Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	16.36	27.76	40.01	8.67	12.28	8.27
Short-Term Investments	0.07	0.03	0.06	0.05	0.05	0.37
Trading Asset Securities	-	-	-	-	0.39	-
Cash & Short-Term Investments	16.43	27.79	40.06	8.71	12.71	8.64
Cash Growth	8.27%	-30.64%	359.81%	-31.43%	47.11%	108.34%
Accounts Receivable	55.69	39.85	29.81	33.3	34.48	43.12
Other Receivables	-	-	-	-	-	0.92
Receivables	55.69	39.85	29.81	33.3	34.48	44.04
Prepaid Expenses	14.35	4.45	2.07	3.56	3.14	3.66
Other Current Assets	3.8	7	2.86	1.8	3.24	0.85
Total Current Assets	90.28	79.08	74.81	47.37	53.56	57.19
Property, Plant & Equipment	595.34	605.27	596.46	609.76	596.33	608.41
Long-Term Deferred Charges	13.44	15.58	11.87	11.2	8.93	8.8
Total Assets	708.7	699.93	683.14	668.33	658.82	674.4

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	51.09	19.16	18.77	13.21	12.62	8.77
Accrued Expenses	0.01	18.25	15.74	17.44	14.38	10.1
Short-Term Debt	-	-	-	2	-	-
Current Portion of Long-Term Debt	75.57	38	39.6	39.5	30	26.1
Current Portion of Leases	19.26	16.49	3.5	1.62	1.85	1.82
Current Income Taxes Payable	18.03	17.44	10.43	7.03	6.32	5.67
Current Unearned Revenue	-	2.55	2.86	3.55	0.63	0.59
Other Current Liabilities	1.01	2.95	9.62	15.13	3.56	-
Total Current Liabilities	164.97	114.84	100.52	99.48	69.34	53.04
Long-Term Debt	121.8	142.22	196.43	234.44	298.09	354.51
Long-Term Leases	11.14	17.83	0.86	1.73	1.68	1.11
Pension & Post-Retirement Benefits	2.5	2.26	2.64	2.4	2.14	2.32
Other Long-Term Liabilities	0.35	0.5	-	-	-	0.72
Total Liabilities	300.77	277.66	300.44	338.05	371.25	411.69

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	33.58	33.58	31.47	30.12	30.12	30.12
Additional Paid-In Capital	138.48	138.48	121.17	108.28	108.28	108.28
Retained Earnings	236.99	251.85	232.95	194.98	149.98	124.66
Comprehensive Income & Other	-4.71	-5.2	-5.9	-5.81	-2.8	-2.26
Total Common Equity	404.34	418.7	379.7	327.57	285.59	260.8
Minority Interest	3.59	3.56	3	2.71	1.99	1.91
Shareholders' Equity	407.93	422.27	382.7	330.28	287.57	262.71
Total Liabilities & Equity	708.7	699.93	683.14	668.33	658.82	674.4

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	227.78	214.55	240.38	279.3	331.61	383.53
Net Cash (Debt)	-211.35	-186.76	-200.32	-270.58	-318.9	-374.89
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.18	-0.16	-0.18	-0.26	-0.31	-0.54
Filing Date Shares Outstanding	1,152	1,152	1,070	1,016	1,016	1,016
Total Common Shares Outstanding	1,152	1,152	1,070	1,016	1,016	1,016
Working Capital	-74.69	-35.76	-25.71	-52.12	-15.78	4.15
Book Value Per Share	0.35	0.36	0.35	0.32	0.28	0.26
Tangible Book Value	404.34	418.7	379.7	327.57	285.59	260.8
Tangible Book Value Per Share	0.35	0.36	0.35	0.32	0.28	0.26
Machinery	1,032	981.02	962.46	958.96	958.43	957.11
Construction In Progress	10.78	9.19	9.86	10.57	6.77	5.04
Order Backlog	-	660	570	459	342	179.2

Data Source: S&P Global Market Intelligence Last updated: Sep 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 12, 2026

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