NESR 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	1,324	1,302	1,146	909.52	876.73
Revenue Growth (YoY)	1.72%	13.59%	25.99%	3.74%	5.10%
Cost of Revenue	1,159	1,093	997.27	844.04	873.95
Gross Profit	164.73	208.67	148.65	65.48	2.78
Selling, General & Admin	47.64	52.2	49.17	47.53	28.07
Depreciation & Amortization Expenses	18.77	18.77	18.77	18.87	18.04
Total Operating Expenses	66.41	70.97	67.95	66.4	46.11
Operating Income	98.32	137.7	80.7	-0.92	-43.33
Interest Expense	-32.51	-39.88	-45.83	-34.13	-15.17
Other Non-Operating Income (Expense)	-5.41	-2.33	-5.03	5.24	-2.07
Total Non-Operating Income (Expense)	-37.92	-42.21	-50.86	-28.88	-17.25
Pretax Income	60.4	95.5	29.85	-29.8	-60.58
Provision for Income Taxes	9.27	19.19	17.27	6.62	3.99
Net Income	51.13	76.31	12.58	-36.42	-64.57
Net Income to Common	51.13	76.31	12.58	-36.42	-64.57
Net Income Growth	-32.99%	506.60%	-	-	-
Shares Outstanding (Basic)	98	95	95	93	91
Shares Outstanding (Diluted)	99	96	95	93	91
Shares Change (YoY)	3.52%	1.04%	1.92%	2.11%	2.16%
EPS (Basic)	0.52	0.80	0.13	-0.39	-0.71
EPS (Diluted)	0.52	0.80	0.13	-0.39	-0.71
EPS Growth	-35.00%	515.38%	-	-	-
Shares Outstanding	100.79	96.05	95	94.01	91.37
Free Cash Flow	120.79	124.22	108.77	-29.84	20.67
Free Cash Flow Growth	-2.77%	14.21%	-	-	-60.12%
Free Cash Flow Per Share	1.22	1.30	1.15	-0.32	0.23
Gross Margin	12.44%	16.03%	12.97%	7.20%	0.32%
Operating Margin	7.43%	10.58%	7.04%	-0.10%	-4.94%
Profit Margin	3.86%	5.86%	1.10%	-4.00%	-7.36%
FCF Margin	9.12%	9.54%	9.49%	-3.28%	2.36%
EBITDA	240.05	280.49	222.93	114.93	78.79
EBITDA Margin	18.13%	21.55%	19.45%	12.64%	8.99%
EBIT	98.32	137.7	80.7	-0.92	-43.33
EBIT Margin	7.43%	10.58%	7.04%	-0.10%	-4.94%
Effective Tax Rate	15.34%	20.09%	57.85%	-22.21%	-6.58%

Updated Feb 17, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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