Ocean GeoLoop AS Income Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	232.06	169.84	128.14	0.3
Other Revenue	3.6	3.02	-0.05	-
Revenue	235.66	172.85	128.09	0.3
Revenue Growth (YoY)	36.34%	34.94%	42597.67%	-
Cost of Revenue	188.65	113.5	103.31	-
Gross Profit	47.01	59.35	24.79	0.3
Selling, General & Admin	56.02	52.32	30.55	7.76
Other Operating Expenses	28.32	34.95	26.5	31.18
Operating Expenses	105	106.74	77.26	40.25
Operating Income	-57.99	-47.39	-52.47	-39.95
Interest Expense	-0.39	-0.89	-0.11	-0.06
Interest & Investment Income	4.45	5.24	0.1	0.04
Earnings From Equity Investments	-	0.04	-	-
Other Non Operating Income (Expenses)	4.17	-7.97	-1.45	-
Pretax Income	-49.76	-50.96	-53.92	-39.97
Income Tax Expense	-1.37	-1.54	-2.19	-
Earnings From Continuing Operations	-48.4	-49.42	-51.73	-39.97
Minority Interest in Earnings	8.24	5.62	3.61	-
Net Income	-40.16	-43.8	-48.12	-39.97
Net Income to Common	-40.16	-43.8	-48.12	-39.97
Shares Outstanding (Basic)	53	53	53	-
Shares Outstanding (Diluted)	53	53	53	-
EPS (Basic)	-0.76	-0.83	-0.91	-
EPS (Diluted)	-0.76	-0.83	-0.91	-
Free Cash Flow	-45.48	-64.63	-86.1	-55.02
Free Cash Flow Per Share	-0.86	-1.23	-1.63	-
Gross Margin	19.95%	34.34%	19.35%	100.00%
Operating Margin	-24.61%	-27.41%	-40.96%	-13315.67%
Profit Margin	-17.04%	-25.34%	-37.57%	-13324.33%
Free Cash Flow Margin	-19.30%	-37.39%	-67.21%	-18341.00%
EBITDA	-37.34	-27.92	-32.27	-38.63
EBITDA Margin	-15.84%	-16.15%	-25.19%	-
D&A For EBITDA	20.66	19.47	20.21	1.32
EBIT	-57.99	-47.39	-52.47	-39.95
EBIT Margin	-24.61%	-27.41%	-40.96%	-
Revenue as Reported	235.66	172.85	128.09	0.3

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.