NorAm 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
Revenue	101.13	103.1	118.29	95.45	50.38
Revenue Growth (YoY)	-1.91%	-12.85%	23.94%	89.44%	-7.83%
Cost of Revenue	29.56	31.41	28.51	26.1	16.39
Gross Profit	71.57	71.69	89.79	69.35	33.99
Selling, General & Admin	40.77	36.7	35.26	35.71	22.29
Other Operating Expenses	11.06	11.03	13.31	7.88	5.7
Operating Expenses	57.74	67.41	67.51	62.47	46.3
Operating Income	13.83	4.27	22.27	6.88	-12.3
Interest Expense	-0.03	-0.08	-0.06	-6.16	-7.2
Interest & Investment Income	0.31	0.42	0.51	0.4	-
Currency Exchange Gain (Loss)	-	-0.15	-0.09	1.88	-0.03
Other Non Operating Income (Expenses)	0.06	-0	-	0	-0
EBT Excluding Unusual Items	14.17	4.45	22.63	3.01	-19.54
Pretax Income	14.17	4.45	22.63	3.01	-19.54
Income Tax Expense	-0.64	2.2	3.41	0.03	-0.7
Net Income	14.81	2.25	19.23	2.98	-18.83
Net Income to Common	14.81	2.25	19.23	2.98	-18.83
Net Income Growth	557.19%	-88.28%	545.57%	-	-
Shares Outstanding (Basic)	43	43	43	28	23
Shares Outstanding (Diluted)	44	44	44	29	23
Shares Change (YoY)	-0.17%	-0.11%	52.54%	22.45%	-
EPS (Basic)	0.34	0.05	0.45	0.11	-0.81
EPS (Diluted)	0.34	0.05	0.44	0.10	-0.81
EPS Growth	580.00%	-88.64%	340.00%	-	-
Free Cash Flow	20.48	18.14	41.54	12.69	-5.34
Free Cash Flow Per Share	0.47	0.42	0.95	0.44	-0.23
Gross Margin	70.77%	69.53%	75.90%	72.66%	67.47%
Operating Margin	13.67%	4.15%	18.83%	7.21%	-24.42%
Profit Margin	14.65%	2.19%	16.25%	3.12%	-37.38%
Free Cash Flow Margin	20.25%	17.59%	35.12%	13.29%	-10.59%
EBITDA	19.74	23.95	41.21	25.76	6
EBITDA Margin	19.52%	23.23%	34.84%	26.99%	11.92%
D&A For EBITDA	5.91	19.68	18.94	18.88	18.31
EBIT	13.83	4.27	22.27	6.88	-12.3
EBIT Margin	13.67%	4.15%	18.83%	7.21%	-24.42%
Effective Tax Rate	-	49.37%	15.06%	1.13%	-
Revenue as Reported	101.13	103.1	118.29	95.45	50.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.