Borr Drilling Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Revenue	1,021	1,011	771.6	443.8	245.3
Revenue Growth (YoY)	1.01%	30.98%	73.86%	80.92%	-20.23%
Cost of Revenue	500.6	443.3	348.6	264.9	180.5
Gross Profit	520.2	567.3	423	178.9	64.8
Selling, General & Admin	50.4	62.3	55.8	36.8	34.7
Operating Expenses	198.4	193.5	173.2	153.3	154.3
Operating Income	321.8	373.8	249.8	25.6	-89.5
Interest Expense	-228.4	-211.7	-177.2	-139.2	-99.4
Interest & Investment Income	3.7	6.4	4.9	5.4	-
Earnings From Equity Investments	-2.7	-1.2	4.9	1.2	16.1
Currency Exchange Gain (Loss)	-	-3.7	-2.8	-0.9	-2.8
Other Non Operating Income (Expenses)	-8.8	-21.4	-24.1	-39	-12.5
EBT Excluding Unusual Items	85.6	142.2	55.5	-146.9	-188.1
Gain (Loss) on Sale of Investments	-	-	-	-	3.6
Gain (Loss) on Sale of Assets	0.3	0.4	0.6	4.2	1.2
Asset Writedown	-	-	-	-131.7	-
Other Unusual Items	-	-2.3	-	-	-
Pretax Income	85.9	140.3	56.1	-274.4	-183.3
Income Tax Expense	40.9	58.2	34	18.4	9.7
Earnings From Continuing Operations	45	82.1	22.1	-292.8	-193
Net Income	45	82.1	22.1	-292.8	-193
Net Income to Common	45	82.1	22.1	-292.8	-193
Net Income Growth	-45.19%	271.49%	-	-	-
Shares Outstanding (Basic)	262	251	244	178	135
Shares Outstanding (Diluted)	265	254	248	178	135
Shares Change (YoY)	3.96%	2.54%	39.09%	32.42%	79.21%
EPS (Basic)	0.17	0.33	0.09	-1.64	-1.43
EPS (Diluted)	0.17	0.32	0.09	-1.64	-1.43
EPS Growth	-46.88%	255.56%	-	-	-
Free Cash Flow	127.4	-332.1	-164.7	-20.8	-77.8
Free Cash Flow Per Share	0.48	-1.30	-0.66	-0.12	-0.58
Dividend Per Share	-	0.240	0.050	-	-
Dividend Growth	-	380.00%	-	-	-
Gross Margin	50.96%	56.14%	54.82%	40.31%	26.42%
Operating Margin	31.52%	36.99%	32.37%	5.77%	-36.49%
Profit Margin	4.41%	8.12%	2.86%	-65.98%	-78.68%
Free Cash Flow Margin	12.48%	-32.86%	-21.34%	-4.69%	-31.72%
EBITDA	469.8	505	367.2	142.1	30.1
EBITDA Margin	46.02%	49.97%	47.59%	32.02%	12.27%
D&A For EBITDA	148	131.2	117.4	116.5	119.6
EBIT	321.8	373.8	249.8	25.6	-89.5
EBIT Margin	31.52%	36.99%	32.37%	5.77%	-36.49%
Effective Tax Rate	47.61%	41.48%	60.61%	-	-
Revenue as Reported	1,021	1,011	771.6	443.8	245.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q