Cash flow Gulf International Services Q.P.S.C.

Stocks

GISS

QA000A0Q6LH4

Oil & Gas Drilling

End-of-day quote Qatar Exchange Other stock markets 2026-06-14			5-day change	1st Jan Change
2.141 ^QAR	+1.71%		-0.51%	-16.20%

May. 03	Gulf International Services Q.P.S.C., Q1 2026 Earnings Call, May 03, 2026
Apr. 26	Gulf International Services Q1 profit 75.6 million riyals	RE

65fd204c55f5e5ab810a802413ca.26AxO1yfpM6UdSrM9Gj3OszAMKDK5ihcNCb2k4IjuRs.odYFSg7Nyr-sG22GtiqPXPzxRvSLnHwuBUvC_bBO7Wzi7Vh6MNnJqawmYw

Published financial data: GULF INTERNATIONAL SERVICES Q.P.S.C.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	3.09B	3.67B	3.54B	4.15B	4.49B
Total Revenues	3.09B	3.67B	3.54B	4.15B	4.49B
Cost of Goods Sold, Total	2.75B	2.99B	2.87B	3.22B	3.51B
Gross Profit	345M	671M	671M	929M	983M
Selling General & Admin Expenses, Total	196M	217M	191M	197M	250M
Provision for Bad Debts	-	2.76M	1.46M	-	-22.37M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses	13.43M	-15.33M	-33.59M	-9.28M	-9.89M
Other Operating Expenses, Total	209M	204M	159M	188M	218M
Operating Income	136M	467M	512M	742M	765M
Interest Expense, Total	-129M	-182M	-250M	-242M	-270M
Interest And Investment Income	39.93M	45.58M	132M	159M	99.82M
Net Interest Expenses	-89.14M	-136M	-118M	-82.68M	-171M
Income (Loss) On Equity Invest.	-2.52M	17.58M	24.8M	66.66M	58.78M
Currency Exchange Gains (Loss)	-24.78M	-22.66M	-17.9M	-40.25M	-6.23M
Other Non Operating Income (Expenses)	-	-11.41M	-2.92M	21.76M	20.94M
EBT, Excl. Unusual Items	19.72M	314M	397M	707M	667M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	34.31M	-20.41M	22.05M	15.81M	34.87M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-2.2M	-	-	-
Other Unusual Items	-	-1.37M	-	6.33M	-
EBT, Incl. Unusual Items	54.04M	290M	419M	729M	702M
Income Tax Expense	0	0	3.36M	18M	24.41M
Earnings From Continuing Operations	54.04M	290M	416M	711M	678M
Earnings Of Discontinued Operations	-	-	-24.24M	-205K	-
Net Income to Company	54.04M	290M	392M	711M	678M
Minority Interest	147K	114K	170K	-	-
Net Income - (IS)	54.18M	290M	392M	711M	678M
Net Income to Common Incl Extra Items	54.18M	290M	392M	711M	678M
Net Income to Common Excl. Extra Items	54.18M	290M	416M	711M	678M
Per Share Items
Net EPS - Basic	0.03	0.16	0.21	0.38	0.36
Basic EPS - Continuing Operations	0.03	0.16	0.22	0.38	0.36
Basic Weighted Average Shares Outstanding	1.86B	1.86B	1.86B	1.86B	1.86B
Net EPS - Diluted	0.03	0.16	0.21	0.38	0.36
Diluted EPS - Continuing Operations	0.03	0.16	0.22	0.38	0.36
Diluted Weighted Average Shares Outstanding	1.86B	1.86B	1.86B	1.86B	1.86B
Normalized Basic EPS	0.01	0.11	0.13	0.24	0.22
Normalized Diluted EPS	0.01	0.11	0.13	0.24	0.22
Dividend Per Share	-	0.1	0.15	0.17	0.1
Payout Ratio	45.79	0.62	47.43	39.21	47.1
Supplemental Items
EBITDA	486M	814M	863M	1.18B	1.27B
EBITA	136M	467M	512M	744M	767M
EBIT	136M	467M	512M	742M	765M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	0	0	0.8	2.47	3.47
Total Current Taxes	5.69M	5.69M	-	-	14.79M
Total Deferred Taxes	-	-	-	-	12.44M
Normalized Net Income	12.48M	196M	248M	442M	417M
Interest on Long-Term Debt	2.46M	1.53M	202K	6.8M	6.43M
Non-Cash Pension Expense	24.01M	24.62M	16.24M	17.68M	18.23M
Supplemental Operating Expense Items
Advertising Expense	1.81M	3.07M	3.45M	2.09M	1.61M
Selling and Marketing Expenses	1.81M	3.07M	3.45M	2.09M	1.61M
General and Administrative Expenses	194M	214M	188M	195M	249M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	1.03M	1.65M	1.41M	2.06M	268K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	349M	396M	530M	731M	547M
Short Term Investments	785M	750M	719M	566M	488M
Trading Asset Securities, Total	-	438M	469M	482M	471M
Total Cash And Short Term Investments	1.13B	1.59B	1.72B	1.78B	1.51B
Accounts Receivable, Total	1.93B	2.46B	1.65B	1.86B	1.43B
Other Receivables	188M	144M	-	190M	206M
Total Receivables	2.12B	2.6B	1.65B	2.05B	1.64B
Inventory	284M	393M	440M	439M	518M
Prepaid Expenses	8.46M	21.72M	-	-	-
Restricted Cash	-	-	47.08M	42.08M	38.71M
Other Current Assets, Total	1.36M	23.98M	150M	10.17M	12.68M
Total Current Assets	3.55B	4.62B	4B	4.32B	3.71B
Gross Property Plant And Equipment	10.33B	10.63B	10.72B	12.51B	12.82B
Accumulated Depreciation	-4.7B	-5.04B	-5.18B	-5.49B	-5.98B
Net Property Plant And Equipment	5.63B	5.59B	5.53B	7.03B	6.84B
Long-term Investments	431M	335M	758M	744M	1.01B
Goodwill	304M	304M	-	-	-
Other Intangibles, Total	-	-	-	-	-
Accounts Receivable Long-Term	9.46M	13.1M	13.1M	13.1M	27.33M
Total Assets	9.92B	10.86B	10.31B	12.11B	11.59B
Liabilities
Accounts Payable, Total	147M	250M	388M	309M	230M
Accrued Expenses, Total	357M	410M	251M	296M	271M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	633M	1.66B	268M	349M	359M
Current Portion of Leases	28.87M	33.94M	5.25M	96.06M	14.17M
Unearned Revenue Current, Total	20.55M	33.77M	-	69.82M	25.02M
Other Current Liabilities	1.62B	2.11B	1.3B	1.32B	894M
Total Current Liabilities	2.81B	4.49B	2.21B	2.44B	1.79B
Long-Term Debt	3.69B	2.63B	4.14B	5.27B	5.04B
Long-Term Leases	15.95M	7.43M	23.14M	54.93M	19.86M
Unearned Revenue Non Current	1.82M	2.73M	2.73M	15.29M	2.73M
Pension & Other Post Retirement Benefits	101M	112M	80.67M	76.62M	84.9M
Deferred Tax Liability Non Current	-	-	14.67M	19.19M	32.33M
Other Non Current Liabilities	45.67M	45.9M	-	3.97M	3.97M
Total Liabilities	6.66B	7.3B	6.47B	7.87B	6.97B
Common Stock, Total	1.86B	1.86B	1.86B	1.86B	1.86B
Retained Earnings	1.45B	1.81B	2.02B	2.38B	2.73B
Comprehensive Income and Other	-52.05M	-99.02M	-41.53M	-1.95M	26.4M
Total Common Equity	3.26B	3.57B	3.84B	4.23B	4.61B
Minority Interest	-198K	-312K	-482K	-	-
Total Equity	3.26B	3.57B	3.84B	4.23B	4.61B
Total Liabilities And Equity	9.92B	10.86B	10.31B	12.11B	11.59B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.86B	1.86B	1.86B	1.86B	1.86B
ECS Total Common Shares Outstanding	1.86B	1.86B	1.86B	1.86B	1.86B
Book Value / Share	1.75	1.92	2.06	2.28	2.48
Tangible Book Value	2.95B	3.27B	3.84B	4.23B	4.61B
Tangible Book Value Per Share	1.59	1.76	2.06	2.28	2.48
Total Debt	4.37B	4.33B	4.44B	5.77B	5.43B
Net Debt	3.24B	2.75B	2.72B	3.99B	3.92B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-198K	-312K	-482K	-	-
Equity Method Investments, Total	12.08M	28.09M	390M	395M	440M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	356M	446M	494M	492M	589M
Land - (BS)	90.83M	90.83M	90.83M	89.33M	89.33M
Buildings, Total	173M	173M	120M	106M	111M
Machinery, Total	9.35B	9.51B	9.65B	10.94B	11.26B
Accumulated Allowance for Doubtful Accounts (Supple)	76.74M	80.87M	57.02M	47.56M	25.19M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	54.18M	290M	392M	711M	678M
Depreciation & Amortization - CF	371M	371M	365M	502M	600M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	2.49M	2.49M
Depreciation & Amortization, Total	371M	371M	365M	504M	602M
Amortization of Deferred Charges, Total - (CF)	5.17M	858K	6.65M	-	-
(Gain) Loss From Sale Of Asset	-4.38M	93K	4.01M	1.92M	-
(Gain) Loss on Sale of Investments - (CF)	-34.31M	20.41M	-22.36M	-395K	-34.87M
Asset Writedown & Restructuring Costs	2.77M	2.61M	7.32M	1.85M	-
(Income) Loss On Equity Investments - (CF)	2.52M	-17.58M	-24.8M	-73.19M	-54.45M
Provision and Write-off of Bad Debts	27.47M	2.76M	1.46M	-	-22.37M
Net Cash From Discontinued Operations	-	-	2.04M	0	-
Other Operating Activities, Total	92.82M	160M	153M	94.7M	159M
Change In Accounts Receivable	-69.3M	-375M	-80.1M	-174M	440M
Change In Inventories	-46.49M	-111M	-61.71M	-88.49M	-96.46M
Change In Accounts Payable	101M	471M	79.62M	-69.9M	-98.02M
Change in Unearned Revenues	-4M	12.05M	158M	107M	-482M
Change in Other Net Operating Assets	-	-	-28.78M	-50.4M	-18.38M
Cash from Operations	498M	828M	951M	965M	1.07B
Capital Expenditure	-178M	-276M	-333M	-1.7B	-418M
Sale of Property, Plant, and Equipment	20.48M	1.23M	-	-	-
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	730K	-
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-208M	-355M	-16.96M	224M	-79.28M
Other Investing Activities, Total	64.74M	47.15M	-56.94M	87.69M	78.27M
Cash from Investing	-301M	-582M	-407M	-1.39B	-419M
Long-Term Debt Issued, Total	286M	106M	20.44M	1.23B	92.51M
Total Debt Issued	286M	106M	20.44M	1.23B	92.51M
Long-Term Debt Repaid, Total	-431M	-163M	-9.82M	-118M	-399M
Total Debt Repaid	-431M	-163M	-9.82M	-118M	-399M
Common Dividends Paid	-24.81M	-1.81M	-186M	-279M	-319M
Common & Preferred Stock Dividends Paid	-24.81M	-1.81M	-186M	-279M	-319M
Other Financing Activities, Total	-127M	-142M	-190M	-200M	-223M
Cash from Financing	-296M	-201M	-365M	631M	-849M
Foreign Exchange Rate Adjustments	11.52M	4.43M	3.82M	-7.95M	10.87M
Net Change in Cash	-87.3M	48.84M	182M	201M	-184M
Supplemental Items
Cash Interest Paid	127M	142M	190M	200M	223M
Levered Free Cash Flow	184M	309M	280M	-1.18B	256M
Unlevered Free Cash Flow	259M	421M	430M	-1.03B	425M
Change In Net Working Capital	19.14M	-34.48M	-78.7M	294M	237M
Net Debt Issued / Repaid	-145M	-57.08M	10.62M	1.11B	-306M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.86	2.81	3.14	4.13	4.03
Return on Total Capital	1.11	3.76	3.92	5.08	4.77
Return On Equity %	1.66	8.5	11.14	17.77	15.33
Return on Common Equity	1.66	8.5	11.14	17.77	15.33
Margin Analysis
Gross Profit Margin %	11.18	18.31	18.95	22.37	21.87
SG&A Margin	6.34	5.91	5.4	4.74	5.57
EBITDA Margin %	15.72	22.22	24.38	28.43	28.28
EBITA Margin %	4.4	12.74	14.46	17.91	17.07
EBIT Margin %	4.4	12.74	14.46	17.85	17.01
Income From Continuing Operations Margin %	1.75	7.91	11.75	17.12	15.09
Net Income Margin %	1.75	7.92	11.07	17.12	15.09
Net Avail. For Common Margin %	1.75	7.92	11.76	17.12	15.09
Normalized Net Income Margin	0.4	5.36	7.02	10.64	9.28
Levered Free Cash Flow Margin	5.95	8.42	7.92	-28.35	5.7
Unlevered Free Cash Flow Margin	8.39	11.5	12.15	-24.71	9.46
Asset Turnover
Asset Turnover	0.31	0.35	0.35	0.37	0.38
Fixed Assets Turnover	0.54	0.65	0.63	0.66	0.65
Receivables Turnover (Average Receivables)	1.6	1.67	2.12	2.35	2.73
Inventory Turnover (Average Inventory)	10.51	8.84	6.88	8.16	7.33
Short Term Liquidity
Current Ratio	1.26	1.03	1.81	1.77	2.07
Quick Ratio	1.16	0.93	1.52	1.57	1.75
Operating Cash Flow to Current Liabilities	0.18	0.18	0.43	0.4	0.6
Days Sales Outstanding (Average Receivables)	228.24	218.5	172.46	156.04	133.84
Days Outstanding Inventory (Average Inventory)	34.72	41.27	53.04	44.87	49.78
Average Days Payable Outstanding	19.73	23.35	42.49	40.28	27.39
Cash Conversion Cycle (Average Days)	243.23	236.43	183.02	160.63	156.23
Long Term Solvency
Total Debt/Equity	134.21	121.36	115.6	136.19	117.68
Total Debt / Total Capital	57.3	54.82	53.62	57.66	54.06
LT Debt/Equity	113.9	74.01	108.48	125.69	109.6
Long-Term Debt / Total Capital	48.63	33.43	50.31	53.21	50.35
Total Liabilities / Total Assets	67.17	67.16	62.78	65.04	60.18
EBIT / Interest Expense	1.05	2.57	2.04	3.06	2.83
EBITDA / Interest Expense	3.93	4.61	3.5	5.15	5.05
(EBITDA - Capex) / Interest Expense	2.55	3.09	2.17	-1.87	3.51
Total Debt / EBITDA	8.61	5.17	5.06	4.63	3.97
Net Debt / EBITDA	6.38	3.28	3.1	3.2	2.87
Total Debt / (EBITDA - Capex)	13.26	7.71	8.17	-12.71	5.73
Net Debt / (EBITDA - Capex)	9.81	4.89	5	-8.78	4.14
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.09	18.59	16.64	17.38	8.18
Gross Profit, 1 Yr. Growth %	4.39	94.24	8.98	41.15	5.76
EBITDA, 1 Yr. Growth %	-10.4	68.19	6.89	37.15	7.61
EBITA, 1 Yr. Growth %	4.79	246.94	11.29	49.03	3.08
EBIT, 1 Yr. Growth %	4.79	246.94	11.29	48.53	3.09
Earnings From Cont. Operations, 1 Yr. Growth %	-116.95	436.78	37.94	82.2	-4.68
Net Income, 1 Yr. Growth %	-117.01	435.54	29.6	94.11	-4.65
Normalized Net Income, 1 Yr. Growth %	-645.3	1.61K	22.02	90.11	-5.6
Diluted EPS Before Extra, 1 Yr. Growth %	-117.01	435.53	37.95	82.12	-4.68
Accounts Receivable, 1 Yr. Growth %	-0.12	27.19	-3.03	11.03	-23.16
Inventory, 1 Yr. Growth %	19.21	38.4	12	24.91	18.06
Net Property, Plant and Equip., 1 Yr. Growth %	-4.2	-0.69	-1.35	25.44	-2.64
Total Assets, 1 Yr. Growth %	-0.37	9.53	2.52	17.36	-4.29
Tangible Book Value, 1 Yr. Growth %	0.14	10.58	15.39	12.21	9
Common Equity, 1 Yr. Growth %	0.12	9.59	5.74	12.21	9
Cash From Operations, 1 Yr. Growth %	19.35	66.05	14.86	-1.75	11.21
Capital Expenditures, 1 Yr. Growth %	19.12	55.25	20.77	366.35	-75.39
Levered Free Cash Flow, 1 Yr. Growth %	18.27	68.62	142.4	-454.24	-121.74
Unlevered Free Cash Flow, 1 Yr. Growth %	3.41	63.02	83.17	-309.27	-141.41
Dividend Per Share, 1 Yr. Growth %	-	-	50	13.33	-41.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.32	10.57	6.99	17.01	12.69
Gross Profit, 2 Yr. CAGR %	-7.44	42.39	39.32	22.89	22.18
EBITDA, 2 Yr. CAGR %	-12.97	22.56	33.49	20.95	21.49
EBITA, 2 Yr. CAGR %	-18.9	89.55	94.97	27.23	23.94
EBIT, 2 Yr. CAGR %	-18.9	89.55	94.97	27.02	23.74
Earnings From Cont. Operations, 2 Yr. CAGR %	11.34	-4.61	177.42	53.59	31.79
Net Income, 2 Yr. CAGR %	11.49	-4.56	168.9	53.36	36.05
Normalized Net Income, 2 Yr. CAGR %	29.81	826.51	365.11	47.34	33.97
Diluted EPS Before Extra, 2 Yr. CAGR %	11.49	-4.56	177.1	53.57	31.76
Accounts Receivable, 2 Yr. CAGR %	-2.55	12.71	-7.68	4.77	-7.63
Inventory, 2 Yr. CAGR %	14.82	28.45	24.5	5.68	21.44
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.88	-2.46	-0.83	11.9	10.51
Total Assets, 2 Yr. CAGR %	-4.02	4.46	1.94	9.74	5.98
Tangible Book Value, 2 Yr. CAGR %	-5.08	5.23	13.99	12.83	10.59
Common Equity, 2 Yr. CAGR %	-4.64	4.75	8.55	8.01	10.59
Cash From Operations, 2 Yr. CAGR %	-21.62	40.78	38.1	7.96	4.53
Capital Expenditures, 2 Yr. CAGR %	0.05	35.99	36.93	148.17	7.12
Levered Free Cash Flow, 2 Yr. CAGR %	-28.92	40.84	23.77	219.09	-12.24
Unlevered Free Cash Flow, 2 Yr. CAGR %	-28.37	29.59	28.98	109.07	-6.91
Dividend Per Share, 2 Yr. CAGR %	-	-	-	30.38	-18.35
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.06	6.78	5.68	10.35	13.99
Gross Profit, 3 Yr. CAGR %	-4.95	18.51	26.54	39.07	16.89
EBITDA, 3 Yr. CAGR %	-11.83	8.29	16.75	34.6	16.33
EBITA, 3 Yr. CAGR %	-14.72	31.14	57.9	76.83	18.61
EBIT, 3 Yr. CAGR %	-14.58	31.14	57.9	76.63	18.48
Earnings From Cont. Operations, 3 Yr. CAGR %	-18.07	88.09	9.27	136.11	31.01
Net Income, 3 Yr. CAGR %	-18	88.12	7.14	135.87	30.89
Normalized Net Income, 3 Yr. CAGR %	-13.22	198.24	377.07	237.62	27.02
Diluted EPS Before Extra, 3 Yr. CAGR %	-18	88.12	9.31	135.89	31
Accounts Receivable, 3 Yr. CAGR %	9.76	6.5	-5.23	-1.19	-5.52
Inventory, 3 Yr. CAGR %	9.51	22.19	22.71	15.62	9.66
Net Property, Plant and Equip., 3 Yr. CAGR %	-5.74	-4.86	-1.96	7.68	6.83
Total Assets, 3 Yr. CAGR %	-1.38	0.3	1.16	6.87	4.84
Tangible Book Value, 3 Yr. CAGR %	-2.93	-0.12	9.17	12.76	11.54
Common Equity, 3 Yr. CAGR %	-2.67	-0.11	5.67	9.14	8.34
Cash From Operations, 3 Yr. CAGR %	4.72	0.67	31.55	24.62	9.03
Capital Expenditures, 3 Yr. CAGR %	-9.2	15.83	30.72	112.25	14.86
Levered Free Cash Flow, 3 Yr. CAGR %	16.01	-5.37	21.69	86	30.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	154.17	-5.9	19.67	58.34	21.87
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.68	8.81	7.03	6.65	8.43
Gross Profit, 5 Yr. CAGR %	-8.17	8.33	10.76	18.17	24.32
EBITDA, 5 Yr. CAGR %	-10.8	1.91	4.02	12.98	18.57
EBITA, 5 Yr. CAGR %	-13.64	12.97	18.43	29.16	42.63
EBIT, 5 Yr. CAGR %	-13.57	13.07	18.55	29.07	42.54
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.2	27.83	33.45	74.79	16.29
Net Income, 5 Yr. CAGR %	-4.15	27.84	31.86	74.78	16.31
Normalized Net Income, 5 Yr. CAGR %	-36.39	22.92	67.06	126.56	183.26
Diluted EPS Before Extra, 5 Yr. CAGR %	-4.15	27.84	33.46	74.79	16.31
Accounts Receivable, 5 Yr. CAGR %	17.37	19.1	2.42	-1.74	-5.83
Inventory, 5 Yr. CAGR %	5.38	14.23	15.28	15.3	16.82
Net Property, Plant and Equip., 5 Yr. CAGR %	-5.17	-4.99	-3.81	1.6	3.09
Total Assets, 5 Yr. CAGR %	-2.25	0.82	-0.07	2.37	3.08
Tangible Book Value, 5 Yr. CAGR %	-3.3	-0.65	3.51	5.25	9.37
Common Equity, 5 Yr. CAGR %	-3.03	-0.6	1.67	3.4	7.25
Cash From Operations, 5 Yr. CAGR %	-12.08	2.85	16.98	3.52	20.77
Capital Expenditures, 5 Yr. CAGR %	-23.83	-1.13	7.01	57.1	22.89
Levered Free Cash Flow, 5 Yr. CAGR %	25.25	-0.35	18.93	26.46	10.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	13.47	-0.43	93.62	15.21	11.11
Dividend Per Share, 5 Yr. CAGR %	-	-	-	-	-