SBM Offshore Balance Sheet

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
Cash & Equivalents	1,086	806	543	683	1,021
Cash & Short-Term Investments	1,086	806	543	683	1,021
Cash Growth	34.74%	48.44%	-20.50%	-33.11%	146.62%
Accounts Receivable	4,292	7,640	7,935	7,715	4,898
Other Receivables	680	821	504	348	281
Receivables	4,978	8,461	8,442	8,070	5,187
Inventory	332	37	149	25	14
Prepaid Expenses	239	311	126	149	138
Other Current Assets	162	184	159	144	56
Total Current Assets	6,797	9,799	9,419	9,071	6,416
Property, Plant & Equipment	278	266	384	314	396
Long-Term Investments	24	21	288	290	361
Other Intangible Assets	186	167	142	108	77
Long-Term Accounts Receivable	10,188	6,142	6,276	5,468	5,845
Long-Term Deferred Tax Assets	301	311	247	12	13
Long-Term Deferred Charges	8	9	11	9	9
Other Long-Term Assets	315	436	371	572	52
Total Assets	18,097	17,157	17,176	15,889	13,211
Accounts Payable	252	237	254	204	151
Accrued Expenses	183	66	86	24	35
Current Portion of Long-Term Debt	2,551	1,218	1,094	1,678	1,754
Current Portion of Leases	17	11	11	13	19
Current Income Taxes Payable	186	141	146	122	116
Current Unearned Revenue	344	33	78	45	70
Other Current Liabilities	1,180	1,181	1,131	1,517	1,053
Total Current Liabilities	4,713	2,887	2,800	3,603	3,198
Long-Term Debt	6,489	7,632	8,112	6,840	5,891
Long-Term Leases	98	82	74	33	37
Pension & Post-Retirement Benefits	25	22	21	-	-
Long-Term Deferred Tax Liabilities	109	178	173	38	19
Other Long-Term Liabilities	181	512	466	461	530
Total Liabilities	11,615	11,313	11,646	10,975	9,675
Common Stock	50	46	50	48	51
Additional Paid-In Capital	1,007	1,007	1,007	1,007	1,034
Retained Earnings	3,126	2,489	2,478	2,179	1,910
Treasury Stock	-64	-31	-26	-42	-69
Comprehensive Income & Other	287	108	224	205	-347
Total Common Equity	4,406	3,619	3,733	3,397	2,579
Minority Interest	2,076	2,225	1,797	1,517	957
Shareholders' Equity	6,482	5,844	5,530	4,914	3,536
Total Liabilities & Equity	18,097	17,157	17,176	15,889	13,211
Total Debt	9,155	8,943	9,291	8,564	7,701
Net Cash (Debt)	-8,069	-8,137	-8,748	-7,881	-6,680
Net Cash Per Share	-45.93	-44.95	-48.20	-43.81	-35.98
Filing Date Shares Outstanding	171.36	174.56	179.02	177.61	176.65
Total Common Shares Outstanding	171.36	174.56	179.02	177.61	176.65
Working Capital	2,084	6,912	6,619	5,468	3,218
Book Value Per Share	25.71	20.73	20.85	19.13	14.60
Tangible Book Value	4,220	3,452	3,591	3,289	2,502
Tangible Book Value Per Share	24.63	19.78	20.06	18.52	14.16
Land	66	59	67	60	63
Construction In Progress	43	65	81	16	4

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