Reach Subsea ASA (LON:0EMB)

Reach Subsea ASA Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,756	2,717	1,967	1,162	673.25	618.87
Other Revenue	0.02	0.68	29.32	1.29	0.08	-
Revenue	2,756	2,718	1,996	1,163	673.34	618.87
Revenue Growth (YoY)	9.92%	36.16%	71.64%	72.70%	8.80%	21.70%
Cost of Revenue	421.05	604.18	401.48	225.59	141.48	154.07
Gross Profit	2,335	2,114	1,594	937.24	531.86	464.8
Selling, General & Admin	702.91	620.19	424.01	281.27	129.04	118
Other Operating Expenses	417.16	323.43	215.62	197.18	97.21	88.75
Operating Expenses	2,045	1,750	1,263	831.98	466.06	415.14
Operating Income	289.75	363.76	331.79	105.26	65.8	49.66
Interest Expense	-119.15	-122.18	-77.88	-15.42	-7.84	-6.58
Interest & Investment Income	10.22	7.56	4.99	1.26	0.24	0.15
Earnings From Equity Investments	18.06	13.75	16.71	-	0.15	1.49
Currency Exchange Gain (Loss)	-8.28	-33.36	14.5	7.08	1.55	-2.07
Other Non Operating Income (Expenses)	1.03	0.48	-0.58	-0.16	-0.11	7.96
EBT Excluding Unusual Items	191.64	230.01	289.53	98.02	59.78	50.61
Asset Writedown	-	-	-	-	-	-7.51
Other Unusual Items	-	-	-	-	13.27	-
Pretax Income	191.64	230.01	289.53	98.02	73.05	43.1
Income Tax Expense	4.24	24.58	63.74	25.84	-20.76	-
Net Income	187.4	205.43	225.79	72.19	93.81	43.1
Net Income to Common	187.4	205.43	225.79	72.19	93.81	43.1
Net Income Growth	-22.35%	-9.02%	212.79%	-23.05%	117.63%	-
Shares Outstanding (Basic)	301	264	253	207	144	144
Shares Outstanding (Diluted)	319	301	256	210	144	144
Shares Change (YoY)	18.31%	17.67%	22.06%	46.05%	0.09%	-1.20%
EPS (Basic)	0.62	0.78	0.89	0.35	0.65	0.30
EPS (Diluted)	0.59	0.68	0.88	0.34	0.65	0.30
EPS Growth	-34.43%	-22.73%	158.82%	-47.69%	116.47%	-
Free Cash Flow	684.3	604.71	750.02	298.5	277.65	266.57
Free Cash Flow Per Share	2.14	2.01	2.93	1.42	1.93	1.86
Dividend Per Share	0.420	0.420	0.360	0.180	0.180	0.150
Dividend Growth	16.67%	16.67%	100.00%	-	20.00%	-
Gross Margin	84.72%	77.77%	79.88%	80.60%	78.99%	75.10%
Operating Margin	10.51%	13.38%	16.62%	9.05%	9.77%	8.02%
Profit Margin	6.80%	7.56%	11.31%	6.21%	13.93%	6.97%
Free Cash Flow Margin	24.83%	22.25%	37.58%	25.67%	41.23%	43.07%
EBITDA	420.58	439.87	370.27	146.6	93.4	70.05
EBITDA Margin	15.26%	16.18%	18.55%	12.61%	13.87%	11.32%
D&A For EBITDA	130.83	76.11	38.48	41.34	27.6	20.39
EBIT	289.75	363.76	331.79	105.26	65.8	49.66
EBIT Margin	10.51%	13.38%	16.62%	9.05%	9.77%	8.02%
Effective Tax Rate	2.21%	10.68%	22.02%	26.36%	-	-
Revenue as Reported	2,756	2,718	1,996	1,163	686.6	628.03

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