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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	2,902	2,717	1,967	1,162	673.25	618.87
Other Revenue	0.68	0.68	29.32	1.29	0.08	-
Revenue	2,902	2,718	1,996	1,163	673.34	618.87
Revenue Growth (YoY)	24.89%	36.16%	71.64%	72.70%	8.80%	21.70%
Cost of Revenue	568.56	604.18	401.48	225.59	141.48	154.07
Gross Profit	2,334	2,114	1,594	937.24	531.86	464.8
Selling, General & Admin	695.61	620.19	424.01	281.27	129.04	118
Other Operating Expenses	361.34	323.43	215.62	197.18	97.21	88.75
Operating Expenses	1,960	1,750	1,263	831.98	466.06	415.14
Operating Income	373.26	363.76	331.79	105.26	65.8	49.66
Interest Expense	-122.59	-122.18	-77.88	-15.42	-7.84	-6.58
Interest & Investment Income	6.74	7.56	4.99	1.26	0.24	0.15
Earnings From Equity Investments	22.6	13.75	16.71	-	0.15	1.49
Currency Exchange Gain (Loss)	2.89	-33.36	14.5	7.08	1.55	-2.07
Other Non Operating Income (Expenses)	0.36	0.48	-0.58	-0.16	-0.11	7.96
EBT Excluding Unusual Items	283.25	230.01	289.53	98.02	59.78	50.61
Asset Writedown	-	-	-	-	-	-7.51
Other Unusual Items	-	-	-	-	13.27	-
Pretax Income	283.25	230.01	289.53	98.02	73.05	43.1
Income Tax Expense	42.77	24.58	63.74	25.84	-20.76	-
Net Income	240.49	205.43	225.79	72.19	93.81	43.1
Net Income to Common	240.49	205.43	225.79	72.19	93.81	43.1
Net Income Growth	5.96%	-9.02%	212.79%	-23.05%	117.63%	-
Shares Outstanding (Basic)	284	264	253	207	144	144
Shares Outstanding (Diluted)	317	301	256	210	144	144
Shares Change (YoY)	15.69%	17.67%	22.06%	46.05%	0.09%	-1.20%
EPS (Basic)	0.85	0.78	0.89	0.35	0.65	0.30
EPS (Diluted)	0.76	0.68	0.88	0.34	0.65	0.30
EPS Growth	-8.44%	-22.73%	158.82%	-47.69%	116.47%	-
Free Cash Flow	712.54	604.71	750.02	298.5	277.65	266.57
Free Cash Flow Per Share	2.25	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	80.41%	77.77%	79.88%	80.60%	78.99%	75.10%
Operating Margin	12.86%	13.38%	16.62%	9.05%	9.77%	8.02%
Profit Margin	8.29%	7.56%	11.31%	6.21%	13.93%	6.97%
Free Cash Flow Margin	24.55%	22.25%	37.58%	25.67%	41.23%	43.07%
EBITDA	481.71	439.87	370.27	146.6	93.4	70.05
EBITDA Margin	16.60%	16.18%	18.55%	12.61%	13.87%	11.32%
D&A For EBITDA	108.46	76.11	38.48	41.34	27.6	20.39
EBIT	373.26	363.76	331.79	105.26	65.8	49.66
EBIT Margin	12.86%	13.38%	16.62%	9.05%	9.77%	8.02%
Effective Tax Rate	15.10%	10.68%	22.02%	26.36%	-	-
Revenue as Reported	2,902	2,718	1,996	1,163	686.6	628.03

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