Tullow Oil 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	847	1,287	1,634	1,783	1,285
Revenue Growth (YoY)	-34.20%	-21.23%	-8.36%	38.72%	-7.93%
Cost of Revenue	579.5	644.2	843.3	682.8	631
Gross Profit	267.5	643	790.8	1,100	654.4
Selling, General & Admin	45	52.2	56.1	51	64.1
Other Operating Expenses	11.4	-67.5	-12.1	7	7.6
Operating Expenses	49.1	181.8	71	554.4	185.9
Operating Income	218.4	461.2	719.8	545.9	468.5
Interest Expense	-303.9	-331.2	-317.6	-329.2	-329.4
Interest & Investment Income	37.9	48.1	30.1	29.6	38.8
Other Non Operating Income (Expenses)	14.8	18.1	11.6	13.8	-13.6
EBT Excluding Unusual Items	-32.8	196.2	443.9	260.1	164.3
Merger & Restructuring Charges	-7.2	-14.2	-	-0.1	-3.1
Gain (Loss) on Sale of Assets	-4.5	-	-	-	120.3
Asset Writedown	2	-	-408.1	-	-
Other Unusual Items	-24.4	-8.3	60.1	182.1	-66.6
Pretax Income	-62.7	173.7	95.9	442.1	214.9
Income Tax Expense	66.5	228.7	205.5	393	295.6
Earnings From Continuing Operations	-129.2	-55	-109.6	49.1	-80.7
Earnings From Discontinued Operations	135.7	109.6	-	-	-
Net Income to Company	6.5	54.6	-109.6	49.1	-80.7
Net Income	6.5	54.6	-109.6	49.1	-80.7
Net Income to Common	6.5	54.6	-109.6	49.1	-80.7
Net Income Growth	-88.09%	-	-	-	-
Shares Outstanding (Basic)	1,463	1,457	1,447	1,437	1,418
Shares Outstanding (Diluted)	1,463	1,457	1,447	1,485	1,418
Shares Change (YoY)	0.38%	0.69%	-2.58%	4.73%	0.55%
EPS (Basic)	0.00	0.04	-0.08	0.03	-0.06
EPS (Diluted)	0.00	0.04	-0.08	0.03	-0.06
EPS Growth	-88.06%	-	-	-	-
Free Cash Flow	146.3	561.8	613.9	814	636.5
Free Cash Flow Per Share	0.10	0.39	0.42	0.55	0.45
Gross Margin	31.58%	49.95%	48.39%	61.71%	50.91%
Operating Margin	25.79%	35.83%	44.05%	30.61%	36.45%
Profit Margin	0.77%	4.24%	-6.71%	2.75%	-6.28%
Free Cash Flow Margin	17.27%	43.65%	37.57%	45.65%	49.52%
EBITDA	540.7	1,025	1,511	1,413	908.6
EBITDA Margin	63.84%	79.62%	92.48%	79.25%	70.69%
D&A For EBITDA	322.3	563.6	791.4	867.3	440.1
EBIT	218.4	461.2	719.8	545.9	468.5
EBIT Margin	25.79%	35.83%	44.05%	30.61%	36.45%
Effective Tax Rate	-	131.66%	214.29%	88.89%	137.55%

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