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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	1,357	1,527	1,318	794.3	716.63	518.69
Revenue Growth	-23.45%	15.83%	65.96%	10.84%	38.16%	44.08%
Gross Profit Gross Profit Growth	920.9	1,003	790.8	413.43	526.86	332.79
Operating Income Operating Income Growth	221.7	182.4	195.5	53.27	132.03	-72.33
Net Income Net Income Growth	97.7	18.3	94.2	21.65	87.8	-75.99
Earnings Per Share EPS Growth	0.49	0.09	0.57	0.17	0.74	-0.65
EPS Growth	308.33%	-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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Multi-client Multi-client Growth	1,019	899.5	793.3	793.3	-
Marine Data Acquisition Marine Data Acquisition Growth	792.9	793.6	716.3	563.83	61.69
Imaging Imaging Growth	126.9	119.2	78	35.63	42.02
Elimination Elimination Growth	-529	-358.2	-194.9	-	-49.82
Unallocated Adjustment Unallocated Adjustment Growth	-115.2	17.3	-117.1	-117.08	-
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	1,356	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	125.2	212.3	122.8	196.74	188.45	215.33
Total Debt Total Debt Growth	802.9	856.1	820.4	85.21	111.71	43.8
Net Cash (Debt) Net Cash Growth	-677.7	-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	-3.40	-3.24	-4.23	0.88	0.65	1.46

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	813.5	850	628.7	584.65	343.15	317.65
Capital Expenditures CapEx Growth	-98.3	-94.2	-103.9	-47.85	-23.66	-13.58
Free Cash Flow Free Cash Flow Growth	715.2	755.8	524.8	536.8	319.49	304.07
Free Cash Flow Growth	-7.33%	44.02%	-2.23%	68.02%	5.07%	-4.84%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	67.89%	65.66%	59.99%	52.05%	73.52%	64.16%
Operating Margin	16.34%	11.95%	14.83%	6.71%	18.42%	-13.95%
Pretax Margin	11.65%	6.42%	11.19%	6.53%	17.98%	-16.40%
Profit Margin	7.20%	1.20%	7.15%	2.73%	12.28%	-14.65%
FCF Margin	52.72%	49.50%	39.81%	67.58%	44.58%	58.62%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	5.882	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	4.62%	6.80%	6.73%	4.34%	4.15%	7.12%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 2, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	27.09	101.29	17.56	75.76	18.29	-
Forward PE	16.19	14.32	8.71	9.46	11.25	36.95
P/FCF Ratio	3.53	2.37	3.74	3.14	5.27	3.66
PS Ratio	1.86	1.17	1.49	2.12	2.35	2.15

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 22, 2026

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

Update frequency:

Quarterly

Last checked:

Jul 29, 2026

Data Sources Report a data error