Aankondiging • Jun 10
Galfar Engineering & Contracting SAOG Announces Executive Changes Galfar Engineering & Contracting SAOG had announced that Ms. Amal Al Khabouri, Chief Audit Executive, had submitted her resignation in order to pursue another career opportunity. The Board of Directors had accepted the resignation on June 09, 2026. To ensure the continuity of the Internal Audit function during the transition period, the Board of Directors had resolved to assign Mr. Ahmed Mahmoud, currently serving as Internal Audit Manager of the Company, to carry out the duties of the Chief Audit Executive in an acting capacity from June 14, 2026 until the process of permanently filling the position is completed. Reported Earnings • Apr 16
First quarter 2026 earnings released: EPS: ر.ع0.005 (vs ر.ع0.002 loss in 1Q 2025) First quarter 2026 results: EPS: ر.ع0.005 (up from ر.ع0.002 loss in 1Q 2025). Revenue: ر.ع70.8m (up 12% from 1Q 2025). Net income: ر.ع1.57m (up ر.ع2.25m from 1Q 2025). Profit margin: 2.2% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • Apr 03
Galfar Engineering & Contracting SAOG Approves Board Elections Galfar Engineering & Contracting SAOG at its Annual General Meeting of the shareholders held on 31 March 2026 approved the election of the following members as the new Board of Directors of the Company for a term of 3 years from 2026-2029: Mr. Asim Salim Ali Al Ghailani, Engr. Qais Mohammed Rashid Al Fannah Al Araimi and Mr. Seetharaman Sreedharan as Director. New Risk • Mar 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 42% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Large one-off items impacting financial results. New Risk • Mar 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (14% average weekly change). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: ر.ع0.018 (vs ر.ع0.013 loss in FY 2024) Full year 2025 results: EPS: ر.ع0.018 (up from ر.ع0.013 loss in FY 2024). Revenue: ر.ع285.6m (flat on FY 2024). Net income: ر.ع5.20m (up ر.ع9.06m from FY 2024). Profit margin: 1.8% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 12
Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 31, 2026 Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 31, 2026. Reported Earnings • Jan 17
Full year 2025 earnings released: ر.ع0.003 loss per share (vs ر.ع0.013 loss in FY 2024) Full year 2025 results: ر.ع0.003 loss per share (improved from ر.ع0.013 loss in FY 2024). Revenue: ر.ع5.65m (down 98% from FY 2024). Net loss: ر.ع855.2k (loss narrowed 78% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. New Risk • Jan 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Omani stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Board Change • Dec 09
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Non Executive Director Hamdan Ahmed Al-Shaqsi was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Dec 09
Price target decreased by 35% to ر.ع0.066 Down from ر.ع0.10, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of ر.ع0.066. Stock is down 27% over the past year. The company posted a net loss per share of ر.ع0.013 last year. Board Change • May 28
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Non Executive Director Hamdan Ahmed Al-Shaqsi was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 17
First quarter 2025 earnings released: ر.ع0.002 loss per share (vs ر.ع0.001 profit in 1Q 2024) First quarter 2025 results: ر.ع0.002 loss per share (down from ر.ع0.001 profit in 1Q 2024). Revenue: ر.ع63.2m (down 4.0% from 1Q 2024). Net loss: ر.ع675.0k (down 441% from profit in 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Construction industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 15
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: ر.ع0.013 loss per share (down from ر.ع0.001 profit in FY 2023). Revenue: ر.ع286.0m (up 14% from FY 2023). Net loss: ر.ع3.86m (down ر.ع4.03m from profit in FY 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Construction industry in Asia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 11
Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 25, 2025 Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 25, 2025, at 17:00 Arabian Standard Time. Board Change • Mar 06
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Non Executive Director Hamdan Ahmed Al-Shaqsi was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Nov 19
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Non Executive Director Hamdan Ahmed Al-Shaqsi was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 27
Third quarter 2024 earnings released: ر.ع0.016 loss per share (vs ر.ع0.002 profit in 3Q 2023) Third quarter 2024 results: ر.ع0.016 loss per share (down from ر.ع0.002 profit in 3Q 2023). Revenue: ر.ع71.9m (up 15% from 3Q 2023). Net loss: ر.ع4.59m (down ر.ع5.16m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. New Risk • Oct 02
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 Omani stocks, typically moving 4.1% 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. This is currently the only risk that has been identified for the company. New Risk • Apr 23
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 Omani stocks, typically moving 6.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 19
First quarter 2024 earnings released: EPS: ر.ع0.001 (vs ر.ع0.002 in 1Q 2023) First quarter 2024 results: EPS: ر.ع0.001 (down from ر.ع0.002 in 1Q 2023). Revenue: ر.ع65.9m (up 13% from 1Q 2023). Net income: ر.ع202.0k (down 54% from 1Q 2023). Profit margin: 0.3% (down from 0.8% in 1Q 2023). Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 16
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ر.ع0.001 (down from ر.ع0.004 in FY 2022). Revenue: ر.ع249.9m (up 41% from FY 2022). Net income: ر.ع168.0k (down 87% from FY 2022). Profit margin: 0.1% (down from 0.7% in FY 2022). Revenue exceeded analyst estimates by 6.6%. Earnings per share (EPS) missed analyst estimates by 88%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 14
Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 28, 2024 Galfar Engineering & Contracting SAOG, Annual General Meeting, Mar 28, 2024, at 13:00 Coordinated Universal Time. Agenda: To consider and approve the Board of Director's Report for the financial year ended 31 December 2023; to consider and approve the Corporate Governance Report for the financial year ended 31 December 2023; to consider and approve the Auditor's Report, Balance Sheet and Profit & Loss Account for the fiscal year ended 31/12/2023; to inform the Annual General Meeting of the transactions entered into by the company with related parties during the fiscal year ended 31/12/2023; to consider and approve the sitting fees for the Board of Directors and its Sub-committees drawn by the members of the Board during previous fiscal year- 2023 and to fix the sitting fees for the current fiscal year 2024; to inform the Annual General Meeting on the amounts spent for supporting corporate social activities during the fiscal year ended 31/12/2023. Major Estimate Revision • Jan 05
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from ر.ع0.009 to ر.ع0.008. Revenue forecast unchanged from ر.ع234.0m at last update. Net income forecast to grow 62% next year vs 27% growth forecast for Construction industry in Oman. Consensus price target of ر.ع0.20 unchanged from last update. Share price fell 2.4% to ر.ع0.17 over the past week. Reported Earnings • Nov 18
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ر.ع62.6m (up 42% from 3Q 2022). Net income: ر.ع571.0k (up ر.ع1.26m from 3Q 2022). Profit margin: 0.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 07
Price target decreased by 12% to ر.ع0.20 Down from ر.ع0.23, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ر.ع0.16. Stock is down 2.4% over the past year. The company is forecast to post earnings per share of ر.ع0.009 for next year compared to ر.ع0.0045 last year. Price Target Changed • Oct 18
Price target increased by 12% to ر.ع0.23 Up from ر.ع0.20, the current price target is provided by 1 analyst. New target price is 42% above last closing price of ر.ع0.16. Stock is down 0.6% over the past year. The company is forecast to post earnings per share of ر.ع0.013 for next year compared to ر.ع0.0045 last year. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: ر.ع0.004 (vs ر.ع0.004 in FY 2021) Full year 2022 results: EPS: ر.ع0.004 (in line with FY 2021). Revenue: ر.ع177.6m (down 5.5% from FY 2021). Net income: ر.ع1.30m (up 2.0% from FY 2021). Profit margin: 0.7% (in line with FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 16
Full year 2022 earnings released: EPS: ر.ع0.005 (vs ر.ع0.004 in FY 2021) Full year 2022 results: EPS: ر.ع0.005 (up from ر.ع0.004 in FY 2021). Revenue: ر.ع177.9m (down 5.4% from FY 2021). Net income: ر.ع1.33m (up 3.9% from FY 2021). Profit margin: 0.7% (in line with FY 2021). Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Construction industry in Asia. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: ر.ع0.002 loss per share (vs ر.ع0.001 loss in 3Q 2021) Third quarter 2022 results: ر.ع0.002 loss per share (further deteriorated from ر.ع0.001 loss in 3Q 2021). Revenue: ر.ع44.1m (up 4.9% from 3Q 2021). Net loss: ر.ع687.0k (loss widened 295% from 3Q 2021). 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 32% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non Executive Director Hamdan Ahmed Al-Shaqsy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2022 earnings released: EPS: ر.ع0.003 (vs ر.ع0 in 2Q 2021) Second quarter 2022 results: EPS: ر.ع0.003 (up from ر.ع0 in 2Q 2021). Revenue: ر.ع41.0m (down 22% from 2Q 2021). Net income: ر.ع728.0k (up ر.ع867.0k from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 23%, compared to a 17% growth forecast for the Construction industry in Oman. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 21
First quarter 2022 earnings released: EPS: ر.ع0 (vs ر.ع0.005 in 1Q 2021) First quarter 2022 results: EPS: ر.ع0 (down from ر.ع0.005 in 1Q 2021). Revenue: ر.ع37.5m (down 27% from 1Q 2021). Net income: ر.ع68.0k (down 95% from 1Q 2021). Profit margin: 0.2% (down from 2.9% in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Non Executive Director Hamdan Ahmed Al-Shaqsy was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ر.ع0.004 (up from ر.ع0.097 loss in FY 2020). Revenue: ر.ع187.9m (down 10.0% from FY 2020). Net income: ر.ع1.28m (up ر.ع29.5m from FY 2020). Profit margin: 0.7% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Hassan Ahmed Al Nabhani was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director Hassan Ahmed Al Nabhani was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
Third quarter 2021 earnings released: ر.ع0.001 loss per share (vs ر.ع0.025 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2021 results: Revenue: ر.ع42.0m (flat on 3Q 2020). Net loss: ر.ع174.0k (loss narrowed 98% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Executive Departure • Sep 25
Independent Non Executive Director Kalat Ghuloom Al Bulooshi has left the company On the 19th of September, Kalat Ghuloom Al Bulooshi's tenure as Independent Non Executive Director ended after 3.5 years in the role. We don't have any record of a personal shareholding under Kalat Ghuloom's name. Kalat Ghuloom is the only executive to leave the company over the last 12 months. Reported Earnings • Aug 18
Second quarter 2021 earnings released: ر.ع0.001 loss per share (vs ر.ع0.008 loss in 2Q 2020) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2021 results: Revenue: ر.ع52.3m (flat on 2Q 2020). Net loss: ر.ع139.0k (loss narrowed 96% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
First quarter 2021 earnings released: EPS ر.ع0.004 (vs ر.ع0.018 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: ر.ع51.5m (down 12% from 1Q 2020). Net income: ر.ع1.48m (up ر.ع9.14m from 1Q 2020). Profit margin: 2.9% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 20
Full year 2020 earnings released: ر.ع0.068 loss per share (vs ر.ع0.052 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: ر.ع208.9m (down 16% from FY 2019). Net loss: ر.ع28.3m (loss widened 31% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 19
Full year 2020 earnings released: ر.ع0.053 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: ر.ع209.8m (down 16% from FY 2019). Net loss: ر.ع21.8m (loss widened 1.5% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 101% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Third quarter 2020 earnings released: ر.ع0.025 loss per share The company reported a poor third quarter result with increased losses and weaker revenues and control over expenses. Third quarter 2020 results: Revenue: ر.ع41.7m (down 33% from 3Q 2019). Net loss: ر.ع10.3m (loss widened ر.ع10.0m from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 16
Third quarter earnings released Over the last 12 months the company has reported total losses of ر.ع44.6m, with earnings decreasing by ر.ع47.4m from the prior year. Total revenue was ر.ع211.7m over the last 12 months, down 21% from the prior year. 
