Solstad Offshore ASA (OSL:SOFF)

Solstad Offshore ASA Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	262.72	218.3	663.72	465.18	582.09	565.15
Other Revenue	0.01	-	-	-	-	-
Revenue	262.74	218.3	663.72	465.18	582.09	565.15
Revenue Growth (YoY)	-42.03%	-67.11%	42.68%	-20.08%	3.00%	-0.96%
Cost of Revenue	79.42	67.06	175.35	166.72	262.84	269.21
Gross Profit	183.32	151.24	488.37	298.46	319.25	295.94
Selling, General & Admin	33.26	32.78	81.99	32.84	56.09	56.5
Other Operating Expenses	4.13	3.68	147.87	121	134.84	151.98
Operating Expenses	111.9	108.47	320.4	235.25	303.66	334.03
Operating Income	71.42	42.77	167.97	63.21	15.59	-38.09
Interest Expense	-45.32	-50.16	-166	-107.92	-113.91	-167.73
Interest & Investment Income	3.72	6.96	13.08	4.8	1.25	0.74
Earnings From Equity Investments	72.9	60.8	1.49	2.15	0.04	7.63
Currency Exchange Gain (Loss)	-9.21	16.06	-3.11	-53.78	-31.29	-49.05
Other Non Operating Income (Expenses)	0.38	-6.7	-1.16	-2.15	-0.89	-1.99
EBT Excluding Unusual Items	93.88	69.72	12.27	-93.69	-129.2	-248.49
Gain (Loss) on Sale of Investments	0.09	0.08	-	-0.01	0.56	-34.37
Gain (Loss) on Sale of Assets	3.08	2.74	51.04	-0.88	-11.32	-3.37
Asset Writedown	57.14	46.52	-29.29	59.3	-5.11	-221.09
Other Unusual Items	-	-	-	0.4	19.04	1,353
Pretax Income	154.19	119.07	34.02	-34.88	-126.04	845.9
Income Tax Expense	4.42	4.29	5.59	9.95	2.91	-0.41
Earnings From Continuing Operations	149.77	114.78	28.43	-44.83	-128.95	846.31
Earnings From Discontinued Operations	-	-	11.37	-67.61	-	-
Net Income to Company	149.77	114.78	39.8	-112.44	-128.95	846.31
Minority Interest in Earnings	-3.34	-2.79	-0.31	-0.53	3.82	-1.53
Net Income	146.43	111.98	39.49	-112.97	-125.14	844.78
Net Income to Common	146.43	111.98	39.49	-112.97	-125.14	844.78
Net Income Growth	684.09%	183.58%	-	-	-	-
Shares Outstanding (Basic)	82	82	78	77	75	75
Shares Outstanding (Diluted)	82	82	78	77	75	75
Shares Change (YoY)	1.89%	5.17%	1.78%	2.43%	0.31%	25594.78%
EPS (Basic)	1.78	1.36	0.50	-1.47	-1.67	11.28
EPS (Diluted)	1.78	1.36	0.50	-1.47	-1.67	11.28
EPS Growth	669.57%	169.65%	-	-	-	-
Free Cash Flow	112.97	80.04	201.7	84.54	120.19	36.37
Free Cash Flow Per Share	1.37	0.97	2.58	1.10	1.60	0.49
Gross Margin	69.77%	69.28%	73.58%	64.16%	54.85%	52.36%
Operating Margin	27.18%	19.59%	25.31%	13.59%	2.68%	-6.74%
Profit Margin	55.73%	51.30%	5.95%	-24.29%	-21.50%	149.48%
Free Cash Flow Margin	43.00%	36.67%	30.39%	18.17%	20.65%	6.44%
EBITDA	48.06	51.07	276.77	164.37	148.56	106.21
EBITDA Margin	18.29%	23.40%	41.70%	35.34%	25.52%	18.79%
D&A For EBITDA	-23.36	8.31	108.8	101.16	132.97	144.3
EBIT	71.42	42.77	167.97	63.21	15.59	-38.09
EBIT Margin	27.18%	19.59%	25.31%	13.59%	2.68%	-6.74%
Effective Tax Rate	2.87%	3.60%	16.42%	-	-	-
Revenue as Reported	293.44	245.64	688.24	485	614.93	586.34

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