SBM Offshore Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	5,055	4,127	4,452	4,383	3,262
Other Revenue	848	657	510	530	486
Revenue	5,903	4,784	4,962	4,913	3,748
Revenue Growth (YoY)	23.39%	-3.59%	1.00%	31.08%	7.21%
Cost of Revenue	3,884	3,652	3,543	3,731	2,826
Gross Profit	2,019	1,132	1,419	1,182	922
Selling, General & Admin	222	185	205	170	177
Research & Development	35	40	37	35	29
Other Operating Expenses	-8	12	-20	-8	-
Operating Expenses	247	237	221	196	206
Operating Income	1,772	895	1,198	986	716
Interest Expense	-653	-680	-598	-383	-304
Interest & Investment Income	41	26	24	10	2
Earnings From Equity Investments	-4	19	19	12	110
Currency Exchange Gain (Loss)	34	-8	-3	-1	-
Other Non Operating Income (Expenses)	7	-	2	1	2
EBT Excluding Unusual Items	1,197	252	642	625	526
Merger & Restructuring Charges	-	-	-11	-	-1
Gain (Loss) on Sale of Investments	-	-	-	-	1
Gain (Loss) on Sale of Assets	28	32	-	9	1
Asset Writedown	-	-	-42	-2	-
Pretax Income	1,225	284	589	659	543
Income Tax Expense	117	73	-25	104	71
Earnings From Continuing Operations	1,108	211	614	555	472
Minority Interest in Earnings	-186	-61	-123	-105	-72
Net Income	922	150	491	450	400
Net Income to Common	922	150	491	450	400
Net Income Growth	514.67%	-69.45%	9.11%	12.50%	109.42%
Shares Outstanding (Basic)	173	179	179	178	184
Shares Outstanding (Diluted)	176	181	182	180	186
Shares Change (YoY)	-2.95%	-0.27%	0.91%	-3.11%	-3.04%
EPS (Basic)	5.33	0.84	2.74	2.53	2.18
EPS (Diluted)	5.25	0.83	2.70	2.50	2.16
EPS Growth	532.53%	-69.26%	8.00%	15.74%	116.00%
Free Cash Flow	1,180	1,403	-297	-1,090	-769
Free Cash Flow Per Share	6.72	7.75	-1.64	-6.06	-4.14
Dividend Per Share	1.170	0.880	0.830	1.100	1.000
Dividend Growth	32.95%	6.02%	-24.55%	10.00%	12.94%
Gross Margin	34.20%	23.66%	28.60%	24.06%	24.60%
Operating Margin	30.02%	18.71%	24.14%	20.07%	19.10%
Profit Margin	15.62%	3.14%	9.89%	9.16%	10.67%
Free Cash Flow Margin	19.99%	29.33%	-5.99%	-22.19%	-20.52%
EBITDA	1,803	940	1,240	1,049	807
EBITDA Margin	30.54%	19.65%	24.99%	21.35%	21.53%
D&A For EBITDA	31	45	42	63	91
EBIT	1,772	895	1,198	986	716
EBIT Margin	30.02%	18.71%	24.14%	20.07%	19.10%
Effective Tax Rate	9.55%	25.70%	-	15.78%	13.08%
Revenue as Reported	5,903	4,784	4,963	4,913	3,747

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.