New Risk • Jul 28
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 45% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (45% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Jul 26
First quarter 2026 earnings released: EPS: US$0.05 (vs US$0.045 in 1Q 2025) First quarter 2026 results: EPS: US$0.05 (up from US$0.045 in 1Q 2025). Revenue: US$66.3m (up 9.6% from 1Q 2025). Net income: US$22.4m (up 23% from 1Q 2025). Profit margin: 34% (up from 30% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 66% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 04
Maridive and Oil Services S.A.E., Annual General Meeting, Jun 28, 2026 Maridive and Oil Services S.A.E., Annual General Meeting, Jun 28, 2026, at 14:30 Egypt Standard Time. Location: port said Egypt Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: US$0.12 (vs US$0.044 in FY 2024) Full year 2025 results: EPS: US$0.12 (up from US$0.044 in FY 2024). Revenue: US$254.3m (up 21% from FY 2024). Net income: US$56.7m (up 177% from FY 2024). Profit margin: 22% (up from 9.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Hesham Mekawi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • May 14
Price target decreased by 28% to US$0.40 Down from US$0.55, the current price target is provided by 1 analyst. New target price is 33% above last closing price of US$0.30. Stock is up 17% over the past year. The company posted earnings per share of US$0.044 last year. Board Change • May 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Hesham Mekawi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 17
Maridive and Oil Services S.A.E., Annual General Meeting, May 11, 2025 Maridive and Oil Services S.A.E., Annual General Meeting, May 11, 2025, at 14:30 Egypt Standard Time. Location: port said Egypt Reported Earnings • Oct 17
Second quarter 2024 earnings released: US$0.033 loss per share (vs US$0.024 profit in 2Q 2023) Second quarter 2024 results: US$0.033 loss per share (down from US$0.024 profit in 2Q 2023). Revenue: US$51.1m (up 12% from 2Q 2023). Net loss: US$15.3m (down 235% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 25
First quarter 2024 earnings released: EPS: US$0.042 (vs US$0.017 in 1Q 2023) First quarter 2024 results: EPS: US$0.042 (up from US$0.017 in 1Q 2023). Revenue: US$56.1m (up 35% from 1Q 2023). Net income: US$19.5m (up 142% from 1Q 2023). Profit margin: 35% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 09
Maridive and Oil Services S.A.E., Annual General Meeting, Jul 01, 2024 Maridive and Oil Services S.A.E., Annual General Meeting, Jul 01, 2024, at 14:30 Egypt Standard Time. Location: cairo Egypt Reported Earnings • May 27
Full year 2023 earnings released: EPS: US$0.11 (vs US$0.22 loss in FY 2022) Full year 2023 results: EPS: US$0.11 (up from US$0.22 loss in FY 2022). Revenue: US$186.5m (up 82% from FY 2022). Net income: US$47.1m (up US$152.4m from FY 2022). Profit margin: 25% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • May 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$44m). Earnings have declined by 37% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$15m). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Apr 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-US$44m). Earnings have declined by 37% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$15m). Market cap is less than US$100m (US$99.2m market cap). Aankondiging • Jan 22
Maridive's Ocean Marine UAE Finalising Deal to Sell $40m Unit to Pay Down Bank Debt Egypt-listed Maridive and Oil Services S.A.E. (CASE:MOIL), an offshore oil services group, announced that its subsidiary, Ocean Marine UAE, is finalising a deal to sell a $40mn (€36.7mn) marine unit to an undisclosed entity to settle part of a $45.5 million debt to banks, according to a statement posted on the bourse's website on January 21, 2024. Maridive owns 51% of Ocean Marine UAE, which specialises in offshore support vessels, providing commercial activities and maritime services. The recent deal comes in line with Maridive Group's "extended efforts to restructure the company and subsidiaries' debts position to improve company current and future cash flow". Maridive was established in 1978 in Port Said as a Free Zone joint stock company, according to the company's website. The services company has an integrated business model which covers the whole value chain of marine services, providing a wide range of offshore services. Reported Earnings • Dec 19
Third quarter 2023 earnings released: EPS: US$0.024 (vs US$0.027 loss in 3Q 2022) Third quarter 2023 results: EPS: US$0.024 (up from US$0.027 loss in 3Q 2022). Revenue: US$45.7m (up 53% from 3Q 2022). Net income: US$11.3m (up US$24.2m from 3Q 2022). Profit margin: 25% (up from net loss in 3Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 21
First quarter 2023 earnings released: EPS: US$0.017 (vs US$0.022 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.017 (up from US$0.022 loss in 1Q 2022). Revenue: US$41.6m (up 102% from 1Q 2022). Net income: US$8.09m (up US$18.5m from 1Q 2022). Profit margin: 20% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. New Risk • Jul 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Egyptian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$28m free cash flow). Negative equity (-US$73m). Earnings have declined by 57% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (US$54.1m market cap). Reported Earnings • Jan 03
Third quarter 2022 earnings released: US$0.027 loss per share (vs US$0.026 loss in 3Q 2021) Third quarter 2022 results: US$0.027 loss per share (further deteriorated from US$0.026 loss in 3Q 2021). Revenue: US$30.0m (up 39% from 3Q 2021). Net loss: US$12.9m (loss widened 6.0% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Director Ziad Ahmed Eldin was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Oct 18
Ancla Marina Ship agreed to acquire Valtin Marine from Maridive and Oil Services S.A.E. (CASE:MOIL). Ancla Marina Ship agreed to acquire Valtin Marine from Maridive and Oil Services S.A.E. (CASE:MOIL) on October 17, 2022. All the regulatory and competent authorities are received. Reported Earnings • Jul 26
First quarter 2022 earnings released: US$0.022 loss per share (vs US$0.042 loss in 1Q 2021) First quarter 2022 results: US$0.022 loss per share (up from US$0.042 loss in 1Q 2021). Revenue: US$20.6m (down 45% from 1Q 2021). Net loss: US$10.4m (loss narrowed 47% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 29
Full year 2021 earnings released: US$0.19 loss per share (vs US$0.30 loss in FY 2020) Full year 2021 results: US$0.19 loss per share (up from US$0.30 loss in FY 2020). Revenue: US$115.8m (down 36% from FY 2020). Net loss: US$78.4m (loss narrowed 44% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 04
First quarter 2021 earnings released: US$0.042 loss per share (vs US$0.06 loss in 1Q 2020) The company reported a soft first quarter result with weaker revenues and control over costs, although losses reduced. First quarter 2021 results: Revenue: US$37.7m (down 42% from 1Q 2020). Net loss: US$19.6m (loss narrowed 30% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
Full year 2020 earnings released: US$0.34 loss per share (vs US$0.007 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: US$180.5m (down 11% from FY 2019). Net loss: US$140.6m (down US$143.4m from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 12
Al Subeai Investment Group made an offer to acquire 99.98% stake in Maridive Offshore Projects S.A.E. from Maridive and Oil Services S.A.E. (CASE:MOIL) for approximately EGP 750 million. Al Subeai Investment Group made an offer to acquire 99.98% stake in Maridive Offshore Projects S.A.E. from Maridive and Oil Services S.A.E. (CASE:MOIL) for approximately EGP 750 million on February 11, 2021. The transaction is subject to the approvals of shareholders and Board of Directors of Maridive and Oil Services and regulatory authorities. Is New 90 Day High Low • Feb 11
New 90-day high: US$0.20 The company is up 18% from its price of US$0.17 on 12 November 2020. The Egyptian market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 32% over the same period. Reported Earnings • Oct 05
First half earnings released Over the last 12 months the company has reported total losses of US$41.1m, with losses widening by US$36.0m from the prior year. Total revenue was US$245.1m over the last 12 months, up 40% from the prior year. Aankondiging • Jun 29
An unknown buyer made an offer to acquire 99.99% stake in Maridive Offshore Projects S.A.E. from Maridive and Oil Services S.A.E. (CASE:MOIL). An unknown buyer made an offer to acquire 99.99% stake in Maridive Offshore Projects S.A.E. from Maridive and Oil Services S.A.E. (CASE:MOIL) on June 28, 2020. The offer will be referred to the approval by the Board of Directors of Maridive and Oil Services. The matter is still under consideration until the completion of all the required procedures and organizational aspects and the receipt of the administrative approvals. 
