Ocean GeoLoop AS Income Statement

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

Millions NOK. 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	203.54	232.06	169.84	128.14	0.3
Other Revenue	1.31	3.6	3.02	-0.05	-
Revenue	204.85	235.66	172.85	128.09	0.3
Revenue Growth (YoY)	-13.07%	36.34%	34.94%	42597.67%	-
Cost of Revenue	165.51	188.65	113.5	103.31	-
Gross Profit	39.35	47.01	59.35	24.79	0.3
Selling, General & Admin	58.21	56.02	52.32	30.55	7.76
Other Operating Expenses	33.55	28.32	34.95	26.5	31.18
Operating Expenses	113.64	105	106.74	77.26	40.25
Operating Income	-74.29	-57.99	-47.39	-52.47	-39.95
Interest Expense	-0.6	-0.39	-0.89	-0.11	-0.06
Interest & Investment Income	1.46	4.45	5.24	0.1	0.04
Earnings From Equity Investments	-	-	0.04	-	-
Other Non Operating Income (Expenses)	-1.51	4.17	-7.97	-1.45	-
EBT Excluding Unusual Items	-74.95	-49.76	-50.96	-53.92	-39.97
Asset Writedown	-67.31	-	-	-	-
Pretax Income	-142.26	-49.76	-50.96	-53.92	-39.97
Income Tax Expense	-5.09	-1.37	-1.54	-2.19	-
Earnings From Continuing Operations	-137.17	-48.4	-49.42	-51.73	-39.97
Minority Interest in Earnings	14.97	8.24	5.62	3.61	-
Net Income	-122.2	-40.16	-43.8	-48.12	-39.97
Net Income to Common	-122.2	-40.16	-43.8	-48.12	-39.97
Shares Outstanding (Basic)	53	53	53	53	-
Shares Outstanding (Diluted)	53	53	53	53	-
EPS (Basic)	-2.32	-0.76	-0.83	-0.91	-
EPS (Diluted)	-2.32	-0.76	-0.83	-0.91	-
Free Cash Flow	-64.06	-45.48	-64.63	-86.1	-55.02
Free Cash Flow Per Share	-1.22	-0.86	-1.23	-1.63	-
Gross Margin	19.21%	19.95%	34.34%	19.35%	100.00%
Operating Margin	-36.27%	-24.61%	-27.41%	-40.96%	-13315.67%
Profit Margin	-59.65%	-17.04%	-25.34%	-37.57%	-13324.33%
Free Cash Flow Margin	-31.27%	-19.30%	-37.39%	-67.21%	-18341.00%
EBITDA	-52.42	-37.34	-27.92	-32.27	-38.63
EBITDA Margin	-25.59%	-15.84%	-16.15%	-25.19%	-
D&A For EBITDA	21.88	20.66	19.47	20.21	1.32
EBIT	-74.29	-57.99	-47.39	-52.47	-39.95
EBIT Margin	-36.27%	-24.61%	-27.41%	-40.96%	-
Revenue as Reported	204.85	235.66	172.85	128.09	0.3

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