Sea1 Offshore Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Equivalents	68.25	86.36	68.3	97.33	94.95	91.84
Cash & Short-Term Investments	68.25	86.36	68.3	97.33	94.95	91.84
Cash Growth	29.65%	26.44%	-29.82%	2.50%	3.39%	-11.03%
Accounts Receivable	86.63	54.31	46.37	49	39.82	40.15
Other Receivables	-	7.55	11.77	8.31	4.22	3.75
Receivables	86.63	61.87	58.15	57.31	44.04	43.9
Inventory	-	4.71	5.34	5.29	5.34	4.52
Prepaid Expenses	-	4.85	5.12	5.22	5.78	6.15
Other Current Assets	-	2.24	1.29	2.01	1.47	1.05
Total Current Assets	154.88	160.03	138.21	167.16	151.57	147.46
Property, Plant & Equipment	623.27	608.59	637.44	846.68	806.73	847.09
Long-Term Investments	-	-	-	0.45	2.68	2.5
Long-Term Accounts Receivable	-	-	-	19.96	17.4	16.38
Long-Term Deferred Tax Assets	30.87	30.84	27.65	27.59	8.19	8.95
Other Long-Term Assets	3.42	3.15	15.18	25.13	32.88	51.14
Total Assets	812.45	802.61	818.48	1,087	1,019	1,073
Accounts Payable	104.09	11.24	4.42	17	11.2	13.54
Accrued Expenses	-	31.04	27.2	20.56	21.34	21.22
Current Portion of Long-Term Debt	60.4	60.94	65.74	212.53	58.98	47.65
Current Portion of Leases	0.95	0.91	0.89	0.92	1.67	1.97
Current Income Taxes Payable	-	2.31	2	2.23	0.64	0.97
Current Unearned Revenue	-	-	0.19	3.16	3.4	3.58
Other Current Liabilities	-	-	-	-	18.09	16.7
Total Current Liabilities	165.44	106.42	100.44	256.39	115.31	105.63
Long-Term Debt	225.35	233.93	280.15	263.62	530.63	613.36
Long-Term Leases	3.52	3.72	4.18	4.79	0.34	1.55
Pension & Post-Retirement Benefits	-	-	-	-	0.99	1.01
Other Long-Term Liabilities	22.86	27.65	27.71	32.99	12.79	11.64
Total Liabilities	417.16	371.72	412.49	557.79	660.06	733.2
Common Stock	153.54	153.54	153.54	238.85	238.85	238.85
Additional Paid-In Capital	163.16	163.16	163.16	163.16	163.16	582.88
Retained Earnings	112.35	147.29	128.84	173.78	-	-450.17
Comprehensive Income & Other	-33.76	-33.11	-39.55	-41.53	-38.93	-30.73
Total Common Equity	395.29	430.89	405.99	534.26	363.08	340.84
Minority Interest	-	-	-	-5.09	-3.7	-0.54
Shareholders' Equity	395.29	430.89	405.99	529.18	359.38	340.3
Total Liabilities & Equity	812.45	802.61	818.48	1,087	1,019	1,073
Total Debt	290.21	299.49	350.97	481.85	591.62	664.53
Net Cash (Debt)	-221.96	-213.12	-282.67	-384.53	-496.67	-572.69
Net Cash Per Share	-1.45	-1.39	-1.44	-1.61	-2.08	-3.89
Filing Date Shares Outstanding	153.54	153.54	153.54	238.85	238.85	238.85
Total Common Shares Outstanding	153.54	153.54	153.54	238.85	238.85	238.85
Working Capital	-10.56	53.61	37.77	-89.23	36.26	41.83
Book Value Per Share	2.57	2.81	2.64	2.24	1.52	1.43
Tangible Book Value	395.29	430.89	405.99	534.26	363.08	340.84
Tangible Book Value Per Share	2.57	2.81	2.64	2.24	1.52	1.43
Land	5.67	5.59	5.42	7.78	3.56	3.51
Machinery	1,261	1,076	1,259	2,195	2,190	2,172
Construction In Progress	90.67	73.97	19.31	-	-	-
Order Backlog	-	701	840	320	442	298