Dolphin Drilling AS 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
Operating Revenue	130.8	96.86	73.5	21.01	120.97
Other Revenue	46.9	-	-	-	-
Revenue	177.7	96.86	73.5	21.01	120.97
Revenue Growth (YoY)	83.46%	31.79%	249.90%	-82.64%	-16.85%
Cost of Revenue	146.1	126.17	70.8	59.87	139.81
Gross Profit	31.6	-29.31	2.69	-38.86	-18.83
Selling, General & Admin	17.6	14.3	22.95	20.91	21.33
Other Operating Expenses	-	5.21	0.35	2.94	-1.99
Operating Expenses	40.9	19.51	65.88	23.84	19.34
Operating Income	-9.3	-48.82	-63.19	-62.71	-38.17
Interest Expense	-29.5	-10.41	-3.85	-2.41	-5.18
Interest & Investment Income	-	1.26	1.73	0.19	-
Other Non Operating Income (Expenses)	-	-	-	-1.23	0.34
EBT Excluding Unusual Items	-38.8	-57.97	-65.31	-66.16	-43.01
Gain (Loss) on Sale of Assets	-	-	-	-0.73	-
Asset Writedown	-	-40.82	22.33	-0.81	-33.48
Pretax Income	-38.8	-98.8	-42.98	-67.69	-76.49
Income Tax Expense	15.4	1.57	0.98	0.71	1.41
Earnings From Continuing Operations	-54.2	-100.36	-43.96	-68.4	-77.9
Net Income	-54.2	-100.36	-43.96	-68.4	-77.9
Net Income to Common	-54.2	-100.36	-43.96	-68.4	-77.9
Shares Outstanding (Basic)	1	1	1	0	-
Shares Outstanding (Diluted)	1	1	1	0	-
Shares Change (YoY)	-40.13%	58.55%	175.46%	-	-
EPS (Basic)	-101.63	-112.66	-78.25	-335.35	-
EPS (Diluted)	-101.63	-114.00	-78.25	-336.00	-
Free Cash Flow	-26.9	-56.42	-80.97	-32.86	-28.49
Free Cash Flow Per Share	-50.44	-63.34	-144.12	-161.10	-
Gross Margin	17.78%	-30.25%	3.67%	-185.02%	-15.57%
Operating Margin	-5.23%	-50.40%	-85.98%	-298.53%	-31.55%
Profit Margin	-30.50%	-103.61%	-59.82%	-325.64%	-64.39%
Free Cash Flow Margin	-15.14%	-58.25%	-110.17%	-156.43%	-23.55%
EBITDA	14	-28.17	-54.63	-53.38	-24.23
EBITDA Margin	7.88%	-29.08%	-74.33%	-254.13%	-20.03%
D&A For EBITDA	23.3	20.65	8.56	9.33	13.95
EBIT	-9.3	-48.82	-63.19	-62.71	-38.17
EBIT Margin	-5.23%	-50.40%	-85.98%	-298.53%	-31.55%
Revenue as Reported	177.7	-	-	-	-

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