Gulf Marine Services: conflict disruption and impairment drive an H1 loss
Gulf Marine Services reported interim results on 7 September 2026. Measure H1 2026 H1 2025 Adjusted revenue $84.1m $87.1m Adjusted EBITDA $43.8m $50.8m Reported net profit/(loss) $(14.8)m $3.9m Adjusted net profit $6.9m $14.1m Fleet utilisation 75% 87% Main drivers Four vessels were temporarily evacuated and returned to hire by mid-June. The company estimates $11.6m lost revenue and a $12.8m EBITDA impact from the conflict. A $22.7m impairment also weighed on reported earnings. Average day rates
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