National Energy Services Reunited Corp. (NESR)

NESR Balance Sheet

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
Cash & Equivalents	131.8	107.96	67.82	78.85	205.77	75.01
Cash & Short-Term Investments	131.8	107.96	67.82	78.85	205.77	75.01
Cash Growth	75.74%	59.18%	-13.99%	-61.68%	174.32%	2.47%
Accounts Receivable	305.68	249	267.27	258.9	238.9	275.29
Other Receivables	45.21	38.48	39.78	38.27	35.25	18.45
Receivables	350.89	287.48	307.04	297.17	274.15	293.75
Inventory	98.89	96.77	98.43	110.52	93.86	94.26
Prepaid Expenses	16.96	10.15	9.24	0.34	6.04	11.48
Other Current Assets	21.38	38.17	59.18	50.94	47.54	40.72
Total Current Assets	619.92	540.52	541.72	537.81	627.37	515.22
Property, Plant & Equipment	447.54	464.19	474.29	491.03	425.51	437.74
Long-Term Investments	-	27.53	22.98	30.29	7.6	-
Goodwill	645.1	645.1	645.1	645.1	645.1	620.92
Other Intangible Assets	56.39	65.7	84.3	102.91	121.62	110.38
Other Long-Term Assets	58.15	30.66	29.35	21.19	4.11	2.8
Total Assets	1,827	1,774	1,798	1,828	1,831	1,687
Accounts Payable	352.12	304.01	345.74	341.94	306.07	144.61
Accrued Expenses	31.17	27.48	14.67	7.6	5.23	85.07
Short-Term Debt	66	59.72	48.89	89.89	78.32	42.36
Current Portion of Long-Term Debt	66.41	70.04	77.24	64.95	17.26	47.5
Current Portion of Leases	4.85	10.79	10.81	8.53	4.4	23
Current Income Taxes Payable	-	7.73	8.42	7.26	7.18	9.42
Other Current Liabilities	37.56	23.75	27.67	23.9	13.42	7.4
Total Current Liabilities	558.1	503.51	533.45	544.07	431.87	359.37
Long-Term Debt	222.92	254.39	331.57	391.86	508.76	308.61
Long-Term Leases	19.84	20.84	29.27	25.24	2.2	5.5
Long-Term Deferred Tax Liabilities	5.34	5.63	-	-	8.89	21.07
Other Long-Term Liabilities	50.01	49.27	53.03	40.42	35	26.57
Total Liabilities	890.19	865.45	976.25	1,026	1,010	742.64
Common Stock	897.37	894.29	883.87	877.3	856.79	826.61
Retained Earnings	39.46	13.87	-62.44	-75.02	-35.83	117.75
Comprehensive Income & Other	0.07	0.07	0.07	0.07	0.07	0.06
Total Common Equity	936.9	908.23	821.49	802.35	821.03	944.43
Minority Interest	-	-	-	-	-	-0.01
Shareholders' Equity	936.9	908.23	821.49	802.35	821.03	944.42
Total Liabilities & Equity	1,827	1,774	1,798	1,828	1,831	1,687
Total Debt	380.01	415.77	497.78	580.47	610.94	426.97
Net Cash (Debt)	-248.21	-307.81	-429.96	-501.62	-405.17	-351.96
Net Cash Per Share	-2.57	-3.22	-4.54	-5.40	-4.45	-3.95
Filing Date Shares Outstanding	96.45	96.05	95	95	91.04	87.78
Total Common Shares Outstanding	96.45	96.05	95	94.01	91.04	87.78
Working Capital	61.82	37	8.27	-6.25	195.5	155.85
Book Value Per Share	9.71	9.46	8.65	8.53	9.02	10.76
Tangible Book Value	235.42	197.44	92.1	54.34	54.32	213.13
Tangible Book Value Per Share	2.44	2.06	0.97	0.58	0.60	2.43
Land	11.66	11.66	11.66	11.66	11.66	5.1
Buildings	55.8	55.28	57	52.44	41.78	31.83
Machinery	808.88	774.28	780.7	708.96	596.73	583.85
Construction In Progress	24.5	40.29	14.11	11.32	8.94	10.22

Updated Aug 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q