BW Offshore Limited BWO
Oslo Børs · Energy · Oil & Gas Equipment & Services
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Annual accounts for BW Offshore
| USD million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 774 | 659 | 607 | 510 |
| EBITDA | 406 | 350 | 344 | 273 |
| Net income | 130 | 100 | 121 | 134 |
| Balance sheet | ||||
| Equity | 938 | 1,006 | 1,090 | 1,146 |
| Total debt | 1,272 | 1,567 | 1,598 | 1,628 |
| Cash | 229 | 360 | 305 | 394 |
| Net debt | 1,042 | 1,207 | 1,293 | 1,234 |
| Ratios and per share | ||||
| EBITDA margin | 52.4% | 53.1% | 56.6% | 53.5% |
| Profit margin | 16.8% | 15.2% | 19.9% | 26.4% |
| Return on equity | 13.8% | 10.0% | 11.1% | 11.7% |
| Earnings/share (USD) | 0.72 | 0.56 | 0.67 | 0.74 |
| Book value/share (USD) | 5.19 | 5.56 | 6.03 | 6.33 |
| Shares outstanding (M) | 181 | 181 | 181 | 181 |
From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →
Quarterly figures from the reports
BetaFrom the company's own reports: 12 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the H1 2026 report, page 8, published 2026-08-24.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q2 2026 | 163 | −83 | −102 | −0.56 | … | H1 2026, p. 8 |
| Q1 2026 | 130 | 28 | 24 | 0.13 | … | Q1 2026, p. 23 |
| Q4 2025 | 127 | 28 | 24 | 0.13 | … | Q1 2026, p. 23 |
| Q3 2025 | 101 | 22 | 24 | 0.13 | … | Q3 2025, p. 28 |
| Q2 2025 | 128 | 21 | 25 | 0.14 | … | Q2 2025, p. 30 |
| Q1 2025 | 166 | 18 | 12 | 0.07 | … | Q1 2025, p. 23 |
| Q4 2024 | 135 | 31 | 41 | 0.23 | … | Q1 2025, p. 23 |
| Q3 2024 | 151 | 38 | 14 | 0.08 | … | Q3 2024, p. 26 |
| Q2 2024 | 152 | 32 | 29 | 0.17 | … | First half-year 2024, p. 8 |
| Q1 2024 | 169 | 41 | 37 | 0.20 | … | Q1 2024, p. 22 |
| Q4 2023 | 170 | 44 | 40 | 0.22 | … | Q1 2024, p. 22 |
| Q3 2023 | 156 | 38 | 30 | 0.17 | … | Q3 2023, p. 28 |
Amounts in USD million, EPS in USD. Each quarter as first reported, as a backtest would have seen it. Adjusted EPS (without one-off items) is shown once the one-off items have been checked against the companies' own adjusted figures.
One-off items in the reports
- 2025-06-30 Impairment related to capitalised cost for Repsol FEED work: −14.5 USD million (Q2 2025, p. 11)
- 2025-06-30 Cash received from arbitration settlement (company cites an arbitration settlement in Q1 as reducing EBITDA; the P&L amount is not stated): +36.0 USD million (Q2 2025, p. 12)
- 2025-03-31 Gain on sale of BW Pioneer: +14.8 USD million (Q1 2025, p. 11)
- 2025-03-31 Impact of arbitration award included in EBITDA: +21.0 USD million (Q1 2025, p. 10)
- 2025-03-31 Interest from arbitration settlement: +4.1 USD million (Q1 2025, p. 11)
- 2024-09-30 One-off non-cash adjustment related to equity accounted investments: −7.0 USD million (Q3 2024, p. 10)
- 2024-03-31 Impairment reversal (positive impact), Q1 2024: +1.1 USD million (Q1 2024, p. 10)
- 2023-09-30 Non-recurring income in Q3 2023 within EBITDA performance: +5.0 USD million (Q3 2023, p. 10)
Found by AI and still being validated: hover for the report's own words.
Sign in for free to open each report on the page a figure comes from.
Extracted by an AI model from the reports and can be wrong. Not investment advice.
Key figures
| P/E | 5.5 |
| P/B | 0.6 |
| EV / EBITDA | 7.2 |
| Net debt / EBITDA | 4.5 |
| Return on equity | 11.7% |
| Profit margin | 26.4% |
| Beta 1Y | 1.04 |
| Revenue growth 1Y | −16.0% |
| Revenue CAGR 3Y | −13.0% |
| Earnings/share CAGR 3Y | +1.1% |
| ROE avg. 3Y | 10.9% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2026 | 2.93 |
| 2025 | 3.11 |
| 2024 | 2.62 |
| 2023 | 1.33 |
| 2022 | 1.33 |
| 2021 | 0.33 |
Not investment advice. Figures may contain errors from the data source.