Gulf Marine shares slide after profit tumbles

Gulf Marine Services

09/09/2025 08:55

** Shares of Gulf Marine Services GMS.L fall over 6% to 17.1p, among top losers on the FTSE small-cap index .FTSC

** Oilfield contractor reports a 47% drop in H12025 net profit to $3.9 million

** However, company raises adjusted EBITDA forecast to $101–109 million, from $100–108 million earlier

** Panmure says shares remain undervalued, with further de-leveraging and new contracts seen as catalysts for re-rating

** Session's losses trim stock's YTD gains to 10.3%

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))