Odfjell Drilling 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	901.2	775.1	732.5	649.5	572.1
Other Revenue	-	0.6	-	-	-
Revenue	901.2	775.7	732.5	649.5	572.1
Revenue Growth (YoY)	16.18%	5.90%	12.78%	13.53%	-38.47%
Gross Profit	901.2	775.7	732.5	649.5	572.1
Selling, General & Admin	303	283.3	262.4	206.5	200.9
Other Operating Expenses	147.5	146.9	141.6	135	120
Operating Expenses	631.6	625.2	426.1	513	472.3
Operating Income	269.6	150.5	306.4	136.5	99.8
Interest Expense	-56.5	-67.4	-75.2	-55.4	-52.6
Interest & Investment Income	4.6	5.5	5.3	2.8	0.2
Currency Exchange Gain (Loss)	-5.7	1.6	-8.6	-3.6	3.1
Other Non Operating Income (Expenses)	-20.8	-	-1.7	-5.7	15.9
EBT Excluding Unusual Items	191.2	90.2	226.2	74.6	66.4
Gain (Loss) on Sale of Assets	-	-	-	-	0.1
Other Unusual Items	-	-11.7	-3.8	13.7	-
Pretax Income	191.2	78.5	222.4	88.3	66.5
Income Tax Expense	18.3	13.8	0.3	5.4	5.5
Earnings From Continuing Operations	172.9	64.7	222.1	82.9	61
Earnings From Discontinued Operations	-	-	-	46.7	12.9
Net Income to Company	172.9	64.7	222.1	129.6	73.9
Minority Interest in Earnings	-	-	-	-	0.5
Net Income	172.9	64.7	222.1	129.6	74.4
Preferred Dividends & Other Adjustments	-	-	-	8.3	8.6
Net Income to Common	172.9	64.7	222.1	121.3	65.8
Net Income Growth	167.23%	-70.87%	71.37%	74.19%	-48.11%
Shares Outstanding (Basic)	240	239	237	237	237
Shares Outstanding (Diluted)	240	239	237	237	237
Shares Change (YoY)	0.51%	1.04%	-	-	-
EPS (Basic)	0.72	0.27	0.94	0.51	0.28
EPS (Diluted)	0.72	0.27	0.94	0.51	0.28
EPS Growth	166.67%	-71.21%	83.12%	85.94%	-51.74%
Free Cash Flow	-215.9	155.7	198.5	208.6	154
Free Cash Flow Per Share	-0.90	0.65	0.84	0.88	0.65
Dividend Per Share	0.770	0.305	0.180	-	-
Dividend Growth	152.46%	69.44%	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	29.92%	19.40%	41.83%	21.02%	17.45%
Profit Margin	19.19%	8.34%	30.32%	18.68%	11.50%
Free Cash Flow Margin	-23.96%	20.07%	27.10%	32.12%	26.92%
EBITDA	436.9	329.2	470.1	288.5	255.4
EBITDA Margin	48.48%	42.44%	64.18%	44.42%	44.64%
D&A For EBITDA	167.3	178.7	163.7	152	155.6
EBIT	269.6	150.5	306.4	136.5	99.8
EBIT Margin	29.92%	19.40%	41.83%	21.02%	17.45%
Effective Tax Rate	9.57%	17.58%	0.14%	6.12%	8.27%

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