Valaris Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	2,416	2,363	1,784	1,603	1,232	1,427
Revenue Growth (YoY)	6.81%	32.42%	11.34%	30.03%	-13.65%	-30.49%
Cost of Revenue	1,632	1,761	1,544	1,383	1,068	1,470
Gross Profit	784.4	601.7	240.6	219.3	164.5	-43.2
Selling, General & Admin	97.1	113.9	98.4	64.5	74.8	200
Other Operating Expenses	-	-	-	-	-	-118.1
Operating Expenses	236.7	236	199.5	155.7	300.5	622.7
Operating Income	547.7	365.7	41.1	63.6	-136	-665.9
Interest Expense	-96.1	-84.8	-68.9	-45.3	-33.4	-290.6
Interest & Investment Income	68.7	86.1	101.4	65.5	32.1	19.7
Earnings From Equity Investments	16.6	-11	13.3	24.5	9.2	-7.8
Currency Exchange Gain (Loss)	-6.7	13.8	-3.5	12.2	21.5	-11
Other Non Operating Income (Expenses)	-0.2	0.6	1.4	-2.3	1.2	3.8
EBT Excluding Unusual Items	530	370.4	84.8	118.2	-105.4	-951.8
Gain (Loss) on Sale of Assets	117.5	-0.2	28.6	141.2	27.2	11.8
Asset Writedown	-7.8	-	-	-34.5	-756.5	-3,646
Other Unusual Items	-	-	-29.2	-	-3,600	-530.8
Pretax Income	639.7	370.2	84.2	224.9	-4,435	-5,117
Income Tax Expense	246.8	0.4	-782.6	43.1	52.6	-259.4
Earnings From Continuing Operations	392.9	369.8	866.8	181.8	-4,487	-4,858
Net Income to Company	392.9	369.8	866.8	181.8	-4,487	-4,858
Minority Interest in Earnings	6.1	3.6	-1.4	-5.3	-7	2.1
Net Income	399	373.4	865.4	176.5	-4,494	-4,856
Net Income to Common	399	373.4	865.4	176.5	-4,494	-4,856
Net Income Growth	-62.88%	-56.85%	390.31%	-	-	-
Shares Outstanding (Basic)	71	72	74	75	117	199
Shares Outstanding (Diluted)	71	73	75	76	117	199
Shares Change (YoY)	-3.23%	-3.06%	-0.53%	-35.13%	-41.41%	14.71%
EPS (Basic)	5.62	5.18	11.68	2.35	-38.57	-24.41
EPS (Diluted)	5.61	5.12	11.51	2.33	-38.57	-24.42
EPS Growth	-61.62%	-55.52%	393.99%	-	-	-
Free Cash Flow	249.7	-99.7	-428.6	-80	-125.1	-345.5
Free Cash Flow Per Share	3.51	-1.37	-5.70	-1.06	-1.07	-1.74
Gross Margin	32.47%	25.47%	13.48%	13.69%	13.35%	-3.03%
Operating Margin	22.67%	15.48%	2.30%	3.97%	-11.04%	-46.66%
Profit Margin	16.52%	15.80%	48.50%	11.01%	-364.69%	-340.21%
Free Cash Flow Margin	10.33%	-4.22%	-24.02%	-4.99%	-10.15%	-24.21%
EBITDA	687.3	487.8	142.2	154.8	89.7	-118.9
EBITDA Margin	28.45%	20.65%	7.97%	9.66%	7.28%	-8.33%
D&A For EBITDA	139.6	122.1	101.1	91.2	225.7	547
EBIT	547.7	365.7	41.1	63.6	-136	-665.9
EBIT Margin	22.67%	15.48%	2.30%	3.97%	-11.04%	-46.66%
Effective Tax Rate	38.58%	0.11%	-	19.16%	-	-
Revenue as Reported	2,416	2,363	1,784	1,603	-	-

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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