Ocean GeoLoop AS Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
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
Operating Revenue	233.88	232.06	169.84	128.14	0.3
Other Revenue	3.6	3.6	3.02	-0.05	-
Revenue	237.49	235.66	172.85	128.09	0.3
Revenue Growth (YoY)	22.02%	36.34%	34.94%	42597.67%	-
Cost of Revenue	194.49	188.65	113.5	103.31	-
Gross Profit	42.99	47.01	59.35	24.79	0.3
Selling, General & Admin	60.67	56.02	52.32	30.55	7.76
Other Operating Expenses	29.33	28.32	34.95	26.5	31.18
Operating Expenses	111.63	105	106.74	77.26	40.25
Operating Income	-68.63	-57.99	-47.39	-52.47	-39.95
Interest Expense	-0.51	-0.39	-0.89	-0.11	-0.06
Interest & Investment Income	4.45	4.45	5.24	0.1	0.04
Earnings From Equity Investments	-	-	0.04	-	-
Other Non Operating Income (Expenses)	2.17	4.17	-7.97	-1.45	-
Pretax Income	-62.52	-49.76	-50.96	-53.92	-39.97
Income Tax Expense	-1.37	-1.37	-1.54	-2.19	-
Earnings From Continuing Operations	-61.15	-48.4	-49.42	-51.73	-39.97
Minority Interest in Earnings	11.04	8.24	5.62	3.61	-
Net Income	-50.12	-40.16	-43.8	-48.12	-39.97
Net Income to Common	-50.12	-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	-57.36	-45.48	-64.63	-86.1	-55.02
Free Cash Flow Per Share	-	-0.86	-1.23	-1.63	-
Gross Margin	18.10%	19.95%	34.34%	19.35%	100.00%
Operating Margin	-28.90%	-24.61%	-27.41%	-40.96%	-13315.67%
Profit Margin	-21.10%	-17.04%	-25.34%	-37.57%	-13324.33%
Free Cash Flow Margin	-24.15%	-19.30%	-37.39%	-67.21%	-18341.00%
EBITDA	-47.01	-37.34	-27.92	-32.27	-38.63
EBITDA Margin	-19.79%	-15.84%	-16.15%	-25.19%	-
D&A For EBITDA	21.63	20.66	19.47	20.21	1.32
EBIT	-68.63	-57.99	-47.39	-52.47	-39.95
EBIT Margin	-28.90%	-24.61%	-27.41%	-40.96%	-
Revenue as Reported	235.66	235.66	172.85	128.09	0.3

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