Sea1 Offshore Income Statement

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
Revenue	271.55	340.83	336.03	274.31	254.49
Revenue Growth (YoY)	-20.33%	1.43%	22.50%	7.79%	3.94%
Cost of Revenue	95.27	163.93	162.04	162.4	146.54
Gross Profit	176.28	176.89	173.99	111.91	107.96
Selling, General & Admin	26.71	-	-	-	-
Other Operating Expenses	-	11.21	9.5	8.13	7.37
Operating Expenses	78.04	68.99	77.52	72.44	70.91
Operating Income	98.23	107.9	96.46	39.47	37.05
Interest Expense	-31.21	-29.16	-34.21	-23.37	-24.19
Interest & Investment Income	-	8.67	11.03	4.25	4.79
Earnings From Equity Investments	-	-0.05	0.55	0.45	0.04
Currency Exchange Gain (Loss)	0.7	-17.75	8.96	7.74	-4.33
Other Non Operating Income (Expenses)	5.26	1.19	4.52	-0.95	-4
EBT Excluding Unusual Items	72.99	70.81	87.32	27.58	9.36
Gain (Loss) on Sale of Assets	42.9	-25.59	-0.18	-0.1	1
Asset Writedown	-	159.12	66.97	-	-
Other Unusual Items	-	-	-	-	91.55
Pretax Income	115.89	204.34	154.11	27.48	101.91
Income Tax Expense	2.14	1.39	-19.03	-0.25	-1
Earnings From Continuing Operations	113.75	202.95	173.13	27.73	102.91
Net Income to Company	113.75	202.95	173.13	27.73	102.91
Minority Interest in Earnings	-	-30.19	1.38	3.17	4.95
Net Income	113.75	172.76	174.52	30.9	107.86
Net Income to Common	113.75	172.76	174.52	30.9	107.86
Net Income Growth	-34.16%	-1.01%	464.83%	-71.35%	-
Shares Outstanding (Basic)	154	197	239	239	147
Shares Outstanding (Diluted)	154	197	239	239	147
Shares Change (YoY)	-21.93%	-17.57%	-	62.43%	1473.23%
EPS (Basic)	0.74	0.88	0.73	0.13	0.73
EPS (Diluted)	0.74	0.88	0.73	0.13	0.73
EPS Growth	-15.66%	20.19%	464.33%	-82.28%	-
Free Cash Flow	41.73	86.38	115.38	68.39	63
Free Cash Flow Per Share	0.27	0.44	0.48	0.29	0.43
Dividend Per Share	-	-	0.493	-	-
Gross Margin	64.92%	51.90%	51.78%	40.80%	42.42%
Operating Margin	36.18%	31.66%	28.71%	14.39%	14.56%
Profit Margin	41.89%	50.69%	51.93%	11.26%	42.38%
Free Cash Flow Margin	15.37%	25.35%	34.34%	24.93%	24.75%
EBITDA	149.56	156.41	154.55	94.28	92.57
EBITDA Margin	55.08%	45.89%	46.00%	34.37%	36.37%
D&A For EBITDA	51.33	48.51	58.09	54.81	55.52
EBIT	98.23	107.9	96.46	39.47	37.05
EBIT Margin	36.18%	31.66%	28.71%	14.39%	14.56%
Effective Tax Rate	1.85%	0.68%	-	-	-

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