Galfar Engineering & Contracting SAOG (MSM:GECS)

Oman · Delayed Price · Currency is OMR

0.1590

+0.0030 (1.92%)

At close: Aug 6, 2026

MSM:GECS Financials Overview

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

Millions OMR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	293.24	285.64	286.04	249.85	177.62	187.95
Revenue Growth	3.51%	-0.14%	14.48%	40.67%	-5.50%	-10.04%
Gross Profit	22.26	18.6	8.24	8.06	7.04	3.73
Operating Income	15.12	12.24	0.6	0.11	0.76	2.52
Net Income	7.47	5.2	-3.86	0.17	1.3	1.28
Earnings Per Share	0.03	0.02	-0.01	0.00	0.00	0.00
EPS Growth	-	-	-	-85.55%	0%	-

Revenue by Segment

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Hiring	2.36	3.07	2.41
Construction	278.34	277.08	240.4
Manufacturing	16.57	16.1	14.33
Inter Segments	-11.63	-10.22	-7.29
Total	285.64	286.04	249.85

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Investments	19.02	15.81	13.27	6.97	11.81	17.72
Total Debt	110.12	99.56	89.26	70.77	34.68	49.38
Net Cash (Debt)	-91.1	-83.75	-75.99	-63.8	-22.87	-31.66
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.31	-0.29	-0.26	-0.22	-0.08	-0.11

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Cash Flow	13.25	35.1	19.41	-15.76	21.2	28.67
Capital Expenditures	-21.88	-27.56	-28.34	-20.57	-7.81	-1.56
Free Cash Flow	-8.63	7.54	-8.93	-36.33	13.4	27.11
Free Cash Flow Growth	-	-	-	-	-50.59%	-22.38%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Gross Margin	7.59%	6.51%	2.88%	3.22%	3.96%	1.98%
Operating Margin	5.15%	4.29%	0.21%	0.04%	0.43%	1.34%
Pretax Margin	2.66%	1.92%	-1.32%	-0.02%	0.09%	0.68%
Profit Margin	2.55%	1.82%	-1.35%	0.07%	0.73%	0.68%
FCF Margin	-2.94%	2.64%	-3.12%	-14.54%	7.54%	14.42%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 8, 2026	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
PE Ratio	6.36	12.02	-	497.45	64.87	50.11
Forward PE	10.60	13.50	13.50	12.90	12.28	12.28
P/FCF Ratio	-	8.29	-	-	6.32	2.36
PS Ratio	0.28	0.22	0.23	0.33	0.48	0.34