Gulf International Services Qsc · QSE:GISS
Gulf International Services Qsc — Gulf International Services — H1 2026 Earnings Presentation
26 slides from Gulf International Services Qsc's earnings presentation, Jun 30, 2026
Slide 1: Gulf International Services Investor Relations Presentation
Gulf International Services Investor Relations Presentation 30 June 2026
Slide 2: Disclaimer
DISCLAIMER The companies in which Gulf International Services Q.P.S.C. directly and indirectly owns investments are separate entities. In this presentation, “GIS” and “the Group” are sometimes used for convenience in reference to Gulf International Services Q.P.S.C. This presentation may contain for
Slide 3: Table of Content
TABLE OF CONTENT 1. About GIS 2. Historical results (2018 – 2025) 3. Results at a glance (for the period ended 30 June 2026) 4. Segment details (for the period ended 30 June 2026) 5. Governance structure Gulf International Services, Investor Relations Presentation 3
Slide 4: About GIS
CLASSIFICATION: CO - NON-CONFIDENTIAL ies loss dyad! galt Gulf International Services ase About GIS
Slide 5: About GIS
About GIS • Gulf International Services Q.P.S.C. • The authorized share capital is QR 2 billion was incorporated as a Qatari joint with an issued share capital consisting of stock company on February 12, 2008. 1.85 billion ordinary shares and one special share, with 100%(1) of the market capitalizat
Slide 6: Group structure
Group structure • Through its group companies, Gulf International Services operates in three distinct segments - insurance and reinsurance, drilling and aviation services. • QatarEnergy owns 10% of GIS shares, and General Retirement and Social Insurance Authority owns ~22%. 30% • All of the subsidia
Slide 7: Board of Directors
Board of Directors The Board of Directors of the Group consists of: Sheikh Khalid bin Khalifa Al Thani Chairman Mr. Saad Rashid Al-Muhannadi Dr. Mohammed Youssef Al-Mulla Vice Chairman Member Mr. Essa Matar Al-Kuwari Mr. Mohammed Nasser Al-Hajri Member Member Sheikh Jassim Abdulla Al-Thani Mr. Ali J
Slide 8: Competitive advantages
Competitive advantages • The only Qatari drilling • Sole provider of oil and services provider. gas helicopter services in • Maintaining market share of Qatar. over 50% of offshore and the • One of the largest largest market share in the operators in the MENA onshore oil and gas drilling region. ser
Slide 9: Historical results (2018-2025)
Historical results (2018-2025)
Slide 10: Historical results (2018-2025)
Historical results (2018-2025) Revenue (QR million) Net Profit (QR million) • Revenue for 2025 recovered significantly on account of • Net profit improved significantly post 2020, as a result of constructive business dynamics with better robust market dynamics, with constructive macro-drivers macroe
Slide 11: Results at a glance (for the period ended 30 June 2026)
Results at a glance (for the period ended 30 June 2026)
Slide 12: Results at a glance
Results at a glance Revenue (QR million) 1H-26 vs 1H-25: Revenue decreased versus the prior year, driven mainly by reduced drilling and aviation operations. Lower domestic flying -10% -6% activity and weaker MRO performance further weighed on results, partially offset by strong growth within the ins
Slide 13: Results at a glance (continued)
Results at a glance (continued) Cash Balance 1 (QR million) Total Debt (QR million) -9% -1% 1,025 5,396 5,361 935 31-Dec-25 30-Jun-26 31-Dec-25 30-Jun-26 Cash balances declined compared to the prior Total debt decreased marginally over the period. year, primarily due to dividend payments relating to
Slide 14: Segment details (for the period ended 30 June 2026)
Segment details (for the period ended 30 June 2026)
Slide 15: Segment: Drilling
Segment: Drilling • Gulf Drilling International (GDI) incorporated in 2004 as a joint venture between QatarEnergy (60%) and Japan Drilling Company (JDC) (40%). • In 2014, GIS acquired the JDC’s stake in GDI, resulting in GDI becoming a wholly owned subsidiary of GIS. • GDI formed a joint venture wit
Slide 16: Segment: Drilling
Segment: Drilling Revenue (QR million) • 1H-26 vs 1H-25: Revenue declined year-on-year, primarily due to the -16% temporary suspension of several offshore rigs, the expiry of a leased -30% jack-up rig contract in Q3-25, lower onshore rig utilization due to rigs remaining off-contract, and reduced li
Slide 17: Segment: Aviation
Segment: Aviation • Gulf Helicopter Company (GHC) is a leading commercial aviation service provider. GHC has a global footprint, extending from Europe, Africa and the Middle East, with a fleet of 62 aircraft (following the disposal of six Bell aircraft in H1-26); • GHC has four direct subsidiaries:
Slide 18: Segment: Aviation
Segment: Aviation Revenue (QR million) • 1H-26 vs 1H-25: Revenue declined year-on-year, primarily due to -10% -18% reduced domestic flying hours. Performance was also impacted by lower MRO revenue, particularly from weaker spare parts sales, partially offset by stronger contributions from internatio
Slide 19: Segment: Insurance
Segment: Insurance • AlKoot insurance, incorporated in 2003, is primarily engaged in the business of medical and general insurance and reinsurance activities, as well as vehicle insurance and individual insurance against risk of death and accidents. • In 2008, QatarEnergy transferred the ownership o
Slide 20: Segment: Insurance
Segment: Insurance Revenue (QR million) • 1H-26 vs 1H-25: Revenue increased year-on-year, driven by +25% +25% continued growth in the medical line of business. Growth was supported by earned premiums from major policies secured in the prior year, renewals at higher premium rates, and the addition of
Slide 21: Segment: Catering
Segment: Catering • AMWAJ Catering Services Company (Amwaj), was incorporated in 2006 as a wholly-owned subsidiary of QatarEnergy; • Amwaj was subsequently acquired by GIS in 2012; • In 2023, post the transaction with Shaqab and Atyab, GIS’s shareholding in Amwaj became 30%; • Amwaj provides a diver
Slide 22: Segment: Catering
Segment: Catering Share of Revenue (QR million) +1% +2% • 1H-26 vs 1H-25: Share of revenue increased modestly year-on- year, driven by higher man-days and the successful mobilization of new catering contracts during the period, supporting continued growth in business activity. 111 • 2Q-26 vs 1Q-26:
Slide 23: Governance structure
CLASSIFICATION: CO - NON-CONFIDENTIAL ies loss dyad! galt ices a Gulf International Serv Governance structure
Slide 24: Governance structure
Governance structure Board structure Governance and compliance • GIS Board of Directors consists of seven (7) • GIS is firmly committed to implementing the principles Directors, three (3) Directors of whom were appointed of good governance set out in the Governance Code by the Special Shareholder, w
Slide 25: Governance structure
Governance structure Remuneration Disclosure and transparency • Board of Directors: The Company has developed a • The Board ensures that all disclosures are made in periodically revisited remuneration policy for Board accordance with the requirements set by regulatory members. The policy has fixed c
Slide 26: For further information, Gulf International Services can be contacted
For further information, Gulf International Services can be contacted as follows: Telephone: (974) 4013 2088 Fax: (974) 4013 9750 Email: gis@qatarenergy.qa Address: P.O. Box 3212, Doha, State of Qatar Please refer to www.gis.com.qa for the latest information, publications, press releases and present
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