Reach Subsea ASA Income Statement

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

Millions NOK. 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	2,675	2,717	1,967	1,162	673.25
Other Revenue	2.41	0.68	29.32	1.29	0.08
Revenue	2,677	2,718	1,996	1,163	673.34
Revenue Growth (YoY)	-1.50%	36.16%	71.64%	72.70%	8.80%
Cost of Revenue	538.08	604.18	401.48	225.59	141.48
Gross Profit	2,139	2,114	1,594	937.24	531.86
Selling, General & Admin	622.18	620.19	424.01	281.27	129.04
Other Operating Expenses	373.99	323.43	215.62	197.18	97.21
Operating Expenses	1,967	1,750	1,263	831.98	466.06
Operating Income	172.31	363.76	331.79	105.26	65.8
Interest Expense	-123.65	-122.18	-77.88	-15.42	-7.84
Interest & Investment Income	10.61	7.56	4.99	1.26	0.24
Earnings From Equity Investments	24.06	13.75	16.71	-	0.15
Currency Exchange Gain (Loss)	20.13	-33.36	14.5	7.08	1.55
Other Non Operating Income (Expenses)	0.43	0.48	-0.58	-0.16	-0.11
EBT Excluding Unusual Items	103.88	230.01	289.53	98.02	59.78
Asset Writedown	-22.88	-	-	-	-
Other Unusual Items	-	-	-	-	13.27
Pretax Income	81	230.01	289.53	98.02	73.05
Income Tax Expense	-27.1	24.58	63.74	25.84	-20.76
Net Income	108.1	205.43	225.79	72.19	93.81
Net Income to Common	108.1	205.43	225.79	72.19	93.81
Net Income Growth	-47.38%	-9.02%	212.79%	-23.05%	117.63%
Shares Outstanding (Basic)	318	264	253	207	144
Shares Outstanding (Diluted)	328	301	256	210	144
Shares Change (YoY)	8.69%	17.67%	22.06%	46.05%	0.09%
EPS (Basic)	0.34	0.78	0.89	0.35	0.65
EPS (Diluted)	0.33	0.68	0.88	0.34	0.65
EPS Growth	-51.47%	-22.73%	158.82%	-47.69%	116.47%
Free Cash Flow	818.93	604.71	750.02	298.5	277.65
Free Cash Flow Per Share	2.50	2.01	2.93	1.42	1.93
Dividend Per Share	0.170	0.420	0.360	0.180	0.180
Dividend Growth	-59.52%	16.67%	100.00%	-	20.00%
Gross Margin	79.90%	77.77%	79.88%	80.60%	78.99%
Operating Margin	6.44%	13.38%	16.62%	9.05%	9.77%
Profit Margin	4.04%	7.56%	11.31%	6.21%	13.93%
Free Cash Flow Margin	30.59%	22.25%	37.58%	25.67%	41.23%
EBITDA	331.33	439.87	370.27	146.6	93.4
EBITDA Margin	12.38%	16.18%	18.55%	12.61%	13.87%
D&A For EBITDA	159.02	76.11	38.48	41.34	27.6
EBIT	172.31	363.76	331.79	105.26	65.8
EBIT Margin	6.44%	13.38%	16.62%	9.05%	9.77%
Effective Tax Rate	-	10.68%	22.02%	26.36%	-
Revenue as Reported	2,677	2,718	1,996	1,163	686.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.