Sea1 Offshore Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	112.97	68.3	97.33	94.95	91.84	103.23
Cash & Short-Term Investments	112.97	68.3	97.33	94.95	91.84	103.23
Cash Growth	-11.05%	-29.82%	2.50%	3.39%	-11.03%	38.65%
Accounts Receivable	67.38	46.37	49	39.82	40.15	35.44
Other Receivables	-	11.77	8.31	4.22	3.75	5.13
Receivables	67.38	58.15	57.31	44.04	43.9	40.57
Inventory	-	5.34	5.29	5.34	4.52	4.68
Prepaid Expenses	-	5.12	5.22	5.78	6.15	5.82
Other Current Assets	-	1.29	2.01	1.47	1.05	1.33
Total Current Assets	180.35	138.21	167.16	151.57	147.46	155.62
Property, Plant & Equipment	587.99	637.44	846.68	806.73	847.09	940.09
Long-Term Investments	-	-	0.45	2.68	2.5	2.52
Long-Term Accounts Receivable	-	-	19.96	17.4	16.38	21.36
Long-Term Deferred Tax Assets	28.45	27.65	27.59	8.19	8.95	7.53
Other Long-Term Assets	2.82	15.18	25.13	32.88	51.14	58.72
Total Assets	799.6	818.48	1,087	1,019	1,073	1,186
Accounts Payable	45	4.42	17	11.2	13.54	13.65
Accrued Expenses	-	27.2	20.56	21.34	21.22	22.97
Current Portion of Long-Term Debt	62.06	65.74	212.53	58.98	47.65	238.89
Current Portion of Leases	0.91	0.89	0.92	1.67	1.97	1.98
Current Income Taxes Payable	-	2	2.23	0.64	0.97	0.96
Current Unearned Revenue	-	0.19	3.16	3.4	3.58	3.39
Other Current Liabilities	-	-	-	18.09	16.7	34.15
Total Current Liabilities	107.97	100.44	256.39	115.31	105.63	315.99
Long-Term Debt	247.52	280.15	263.62	530.63	613.36	837.84
Long-Term Leases	3.85	4.18	4.79	0.34	1.55	3.11
Pension & Post-Retirement Benefits	-	-	-	0.99	1.01	1.1
Other Long-Term Liabilities	28	27.71	32.99	12.79	11.64	15.36
Total Liabilities	387.35	412.49	557.79	660.06	733.2	1,173
Common Stock	153.54	153.54	238.85	238.85	238.85	9.35
Additional Paid-In Capital	163.16	163.16	163.16	163.16	582.88	634.96
Retained Earnings	133.45	128.84	173.78	-	-450.17	-557.82
Comprehensive Income & Other	-37.9	-39.55	-41.53	-38.93	-30.73	-29.33
Total Common Equity	412.26	405.99	534.26	363.08	340.84	57.15
Minority Interest	-	-	-5.09	-3.7	-0.54	-44.73
Shareholders' Equity	412.26	405.99	529.18	359.38	340.3	12.42
Total Liabilities & Equity	799.6	818.48	1,087	1,019	1,073	1,186
Total Debt	314.34	350.97	481.85	591.62	664.53	1,082
Net Cash (Debt)	-201.37	-282.67	-384.53	-496.67	-572.69	-978.6
Net Cash Per Share	-1.31	-1.44	-1.61	-2.08	-3.89	-104.70
Filing Date Shares Outstanding	153.54	153.54	238.85	238.85	238.85	9.35
Total Common Shares Outstanding	153.54	153.54	238.85	238.85	238.85	9.35
Working Capital	72.38	37.77	-89.23	36.26	41.83	-160.37
Book Value Per Share	2.68	2.64	2.24	1.52	1.43	6.11
Tangible Book Value	412.26	405.99	534.26	363.08	340.84	57.15
Tangible Book Value Per Share	2.68	2.64	2.24	1.52	1.43	6.11
Land	5.64	5.42	7.78	3.56	3.51	3.5
Machinery	1,373	1,259	2,195	2,190	2,172	2,324
Construction In Progress	42.74	19.31	-	-	-	-
Order Backlog	-	840	320	442	298	483

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