Tullow Oil Income Statement

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	Jun '25 Jun 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
Revenue	1,280	1,535	1,634	1,783	1,285	1,396
Revenue Growth (YoY)	-15.94%	-6.07%	-8.36%	38.72%	-7.93%	-17.03%
Cost of Revenue	726.1	772.6	843.3	682.8	631	993.6
Gross Profit	553.9	762.3	790.8	1,100	654.4	402.5
Selling, General & Admin	45.9	53.2	56.1	51	64.1	86.7
Other Operating Expenses	-58.4	-59	-12.1	7	7.6	38.9
Operating Expenses	247.3	213.4	71	554.4	185.9	125.6
Operating Income	306.6	548.9	719.8	545.9	468.5	276.9
Interest Expense	-320.2	-331.2	-317.6	-329.2	-329.4	-300.4
Interest & Investment Income	43.3	48.1	30.1	29.6	38.8	40.6
Other Non Operating Income (Expenses)	15.8	20.4	11.6	13.8	-13.6	18
EBT Excluding Unusual Items	45.5	286.2	443.9	260.1	164.3	35.1
Merger & Restructuring Charges	-17.7	-7.1	-	-0.1	-3.1	-67.8
Gain (Loss) on Sale of Assets	-	-	-	-	120.3	-3.4
Asset Writedown	50.7	50.7	-408.1	-	-	-1,237
Other Unusual Items	-65.4	-8.3	60.1	182.1	-66.6	-
Pretax Income	17.3	321.5	95.9	442.1	214.9	-1,273
Income Tax Expense	149.3	266.9	205.5	393	295.6	-51.9
Earnings From Continuing Operations	-132	54.6	-109.6	49.1	-80.7	-1,222
Net Income	-202.1	54.6	-109.6	49.1	-80.7	-1,222
Net Income to Common	-202.1	54.6	-109.6	49.1	-80.7	-1,222
Shares Outstanding (Basic)	1,459	1,457	1,447	1,437	1,418	1,411
Shares Outstanding (Diluted)	1,459	1,535	1,447	1,485	1,418	1,411
Shares Change (YoY)	-0.16%	6.04%	-2.58%	4.73%	0.55%	0.60%
EPS (Basic)	-0.14	0.04	-0.08	0.03	-0.06	-0.87
EPS (Diluted)	-0.14	0.04	-0.08	0.03	-0.06	-0.87
Free Cash Flow	464.8	561.8	613.9	814	636.5	481.3
Free Cash Flow Per Share	0.32	0.37	0.42	0.55	0.45	0.34
Gross Margin	43.27%	49.66%	48.39%	61.71%	50.91%	28.83%
Operating Margin	23.95%	35.76%	44.05%	30.61%	36.45%	19.83%
Profit Margin	-15.79%	3.56%	-6.71%	2.75%	-6.28%	-87.49%
Free Cash Flow Margin	36.31%	36.60%	37.57%	45.65%	49.52%	34.48%
EBITDA	876.7	1,114	1,511	1,413	908.6	934.7
EBITDA Margin	68.49%	72.57%	92.48%	79.25%	70.69%	66.95%
D&A For EBITDA	570.1	565	791.4	867.3	440.1	657.8
EBIT	306.6	548.9	719.8	545.9	468.5	276.9
EBIT Margin	23.95%	35.76%	44.05%	30.61%	36.45%	19.83%
Effective Tax Rate	863.01%	83.02%	214.29%	88.89%	137.55%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.