We are enclosing herewith a presentation on Global Offshore Services Ltd solely for information purpose only. The information is available on the Company''s Website.
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Global Offshore Services Ltd (GOSL) has shared its August 2025 corporate presentation, outlining its post-restructuring revival plan. The company, in the Offshore Support Vessel (OSV) business for over 40 years, completed a debt restructuring after the 2015 oil price crash and now holds just 2 vessels (down from a peak of 15). It recently acquired a 2006-built 80 Ton DP2 vessel, which will start a contract with Vedanta from September 2025. Debt as of June 2025 stands at Rs. 52.46 crores (including Rs. 36.40 cr for the new vessel). The growth plan targets acquisition of 2-3 mid-size vessels (80 Ton AHTSV / 3000 DWT PSV) during 2024-26, funded by equity, internal accruals, and debt. Q1 FY26 results showed gross income of Rs. 504.26 lakhs (vs Rs. 3,349.41 lakhs YoY) and negative EBITDA of Rs. 123.14 lakhs due to one vessel coming off contract in April 2025 and a delay in deploying the newly acquired vessel.
Positive for long-term outlook as GOSL is positioning itself for growth through fleet expansion and term contracts, but near-term financials remain weak with negative EBITDA. Shareholders should watch for execution of the fleet expansion plan and the September 2025 contract commencement as key catalysts.