TGS ASA (OSL:TGS)

TGS ASA Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,360	1,527	1,318	794.3	716.63	518.69
Revenue Growth	-22.06%	15.83%	65.96%	10.84%	38.16%	44.08%
Gross Profit Gross Profit Growth	1,078	1,243	995.7	576.88	679.11	507.06
Operating Income Operating Income Growth	361.2	435.9	304.1	123.49	353.05	213.42
Net Income Net Income Growth	72.8	18.3	94.2	21.65	87.8	-75.99
Earnings Per Share EPS Growth	0.35	0.09	0.57	0.17	0.74	-0.65
EPS Growth	28.29%	-84.21%	235.29%	-77.03%	-	-

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Imaging Imaging Growth	135.5	119.2	78	35.63	42.02
Multi-client Multi-client Growth	988.5	899.5	793.3	793.3	-
Marine Data Acquisition Marine Data Acquisition Growth	780.6	793.6	716.3	563.83	61.69
Unallocated Adjustment Unallocated Adjustment Growth	-119.8	17.3	-117.1	-117.08	-
Elimination Elimination Growth	-485.7	-358.2	-194.9	-	-49.82
Shared Services Shared Services Growth	-	2.3	0.8	0.77	-
New Energy Solutions New Energy Solutions Growth	-	53.1	41.7	41.72	-
Total Total Growth	1,360	1,527	1,318	1,318	716.63

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	148.4	212.3	122.8	196.74	188.45	215.33
Total Debt Total Debt Growth	740.6	856.1	820.4	85.21	111.71	43.8
Net Cash (Debt) Net Cash Growth	-592.2	-643.8	-697.6	111.53	76.75	171.53
Net Cash Growth	-	-	-	45.33%	-55.26%	26.74%
Net Cash Per Share Net Cash Per Share Growth	-2.87	-3.24	-4.23	0.88	0.65	1.47

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	696.4	850	628.7	584.65	343.15	328.34
Capital Expenditures CapEx Growth	-104.2	-94.2	-103.9	-47.85	-23.66	-13.58
Free Cash Flow Free Cash Flow Growth	592.2	755.8	524.8	536.8	319.49	314.76
Free Cash Flow Growth	-21.14%	44.02%	-2.23%	68.02%	1.50%	-1.49%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	79.24%	81.43%	75.53%	72.63%	94.76%	97.76%
Operating Margin	26.55%	28.55%	23.07%	15.55%	49.27%	41.14%
Pretax Margin	9.25%	6.42%	11.19%	6.53%	17.98%	-16.40%
Profit Margin	5.35%	1.20%	7.15%	2.73%	12.25%	-14.65%
FCF Margin	43.53%	49.50%	39.81%	67.58%	44.58%	60.69%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	5.778	0.620	0.560	0.560	0.560	0.560
Dividend Per Share Growth	-7.31%	10.71%	0%	0%	0%	-25.33%
Dividend Yield	4.22%	6.82%	5.61%	4.29%	4.18%	5.83%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	40.66	97.60	20.79	78.82	19.00	-
Forward PE	13.22	14.32	8.71	9.46	11.25	36.95
P/FCF Ratio	4.69	2.36	3.73	3.18	5.22	3.54
PS Ratio	2.04	1.17	1.49	2.15	2.33	2.15

Data Source: S&P Global Market Intelligence Last updated: Oct 22, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

Data Sources Report a data error