Reach Subsea ASA (OSL:REACH)

Reach Subsea ASA Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	2,527	2,675	2,717	1,967	1,162	673.25
Other Revenue	2.41	2.41	0.68	29.32	1.29	0.08
Revenue	2,530	2,677	2,718	1,996	1,163	673.34
Revenue Growth (YoY)	-10.96%	-1.50%	36.16%	71.64%	72.70%	8.80%
Cost of Revenue	536.46	538.08	604.18	401.48	225.59	141.48
Gross Profit	1,993	2,139	2,114	1,594	937.24	531.86
Selling, General & Admin	651.84	622.18	620.19	424.01	281.27	129.04
Other Operating Expenses	422.61	373.99	323.43	215.62	197.18	97.21
Operating Expenses	2,081	1,967	1,750	1,263	831.98	466.06
Operating Income	-87.97	172.31	363.76	331.79	105.26	65.8
Interest Expense	-127.89	-123.65	-122.18	-77.88	-15.42	-7.84
Interest & Investment Income	11.91	10.61	7.56	4.99	1.26	0.24
Earnings From Equity Investments	24.7	24.06	13.75	16.71	-	0.15
Currency Exchange Gain (Loss)	20.13	20.13	-33.36	14.5	7.08	1.55
Other Non Operating Income (Expenses)	-20.45	0.43	0.48	-0.58	-0.16	-0.11
EBT Excluding Unusual Items	-179.57	103.88	230.01	289.53	98.02	59.78
Asset Writedown	-22.88	-22.88	-	-	-	-
Other Unusual Items	-	-	-	-	-	13.27
Pretax Income	-202.46	81	230.01	289.53	98.02	73.05
Income Tax Expense	-65.32	-27.1	24.58	63.74	25.84	-20.76
Net Income	-137.14	108.1	205.43	225.79	72.19	93.81
Net Income to Common	-137.14	108.1	205.43	225.79	72.19	93.81
Net Income Growth	-	-47.38%	-9.02%	212.79%	-23.05%	117.63%
Shares Outstanding (Basic)	325	318	264	253	207	144
Shares Outstanding (Diluted)	325	328	301	256	210	144
Shares Change (YoY)	-0.81%	8.69%	17.67%	22.06%	46.05%	0.09%
EPS (Basic)	-0.42	0.34	0.78	0.89	0.35	0.65
EPS (Diluted)	-0.42	0.33	0.68	0.88	0.34	0.65
EPS Growth	-	-51.47%	-22.73%	158.82%	-47.69%	116.47%
Free Cash Flow	644.99	818.93	604.71	750.02	298.5	277.65
Free Cash Flow Per Share	1.98	2.50	2.01	2.93	1.42	1.93
Dividend Per Share	0.170	0.170	0.420	0.360	0.180	0.180
Dividend Growth	-59.52%	-59.52%	16.67%	100.00%	-	20.00%
Gross Margin	78.79%	79.90%	77.77%	79.88%	80.60%	78.99%
Operating Margin	-3.48%	6.44%	13.38%	16.62%	9.05%	9.77%
Profit Margin	-5.42%	4.04%	7.56%	11.31%	6.21%	13.93%
Free Cash Flow Margin	25.50%	30.59%	22.25%	37.58%	25.67%	41.23%
EBITDA	107.38	331.33	439.87	370.27	146.6	93.4
EBITDA Margin	4.25%	12.38%	16.18%	18.55%	12.61%	13.87%
D&A For EBITDA	195.36	159.02	76.11	38.48	41.34	27.6
EBIT	-87.97	172.31	363.76	331.79	105.26	65.8
EBIT Margin	-3.48%	6.44%	13.38%	16.62%	9.05%	9.77%
Effective Tax Rate	-	-	10.68%	22.02%	26.36%	-
Revenue as Reported	2,530	2,677	2,718	1,996	1,163	686.6

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