Market: Dubai Symbol: GULFNAV ISIN: AEG000601019 Industry: Transportation

Gulf Navigation Holding PJSC (GNH) is a fully integrated and synergized organization and a one-stop shop with a multi-functional business providing high quality services through its subsidiaries. It is the only shipping company listed in the Dubai Financial Market (DFM) since February 2007 under the symbol “GULFNAV”. The company is headquartered in Dubai, with own branch offices/warehouses inside port of Fujairah, Khorfakkan, Abu Dhabi and overseas office in the Kingdom of Saudi Arabia. GNH owns and operates a fleet of Chemical Tankers, Livestock transport vessels, Offshore support Vessels, Marine services and Ship repair operations. The company also provides innovative and comprehensive marine solutions and services. Moreover, as an ISO 9001:2015 certified company accredited by Bureau Veritas, GHN is committed to adhering to the requirements of the international management code for the safe operations of vessels, pollution prevention and environmental control including compliance with all the applicable international laws, regulations and requirements.

Key Figures (AED’000) 2021 2022 2023
Revenue 119,346 137,229 105,534
Gross profit/(loss) 21,324 20,482 9,613
Profit/(loss) before income tax 58,718 (5,786) 21,275
Profit/(loss) for the year 56,888 (7,616) 21,275
Total assets 834,437 784,617 1,002,340
Total equity 374,837 419,315 595,636
Total liabilities 459,600 365,302 406,704
Net cash generated from operating activities 145,033 12,440 (6,323)
Net cash (used in)/from investing activities (18,322) (2,427) (243,369)
Net cash used in financing activities (124,206) (1,952) 241,950
Basic and diluted earnings per share (AED) 0.056 (0.006) 0.023