Sea1 Offshore Inc. SEA1

Oslo Børs · Energy · Oil & Gas Equipment & Services

24.55 NOK −6.7% 2026-11-06

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Annual accounts for Sea1 Offshore

USD million	2022	2023	2024	2025
Income statement
Revenue	274	336	341	272
EBITDA	115	256	291	194
Net income	31	175	173	114
Balance sheet
Equity	363	534	406	431
Total debt	592	482	351	299
Cash	95	97	68	82
Net debt	497	385	283	218
Ratios and per share
EBITDA margin	42.0%	76.3%	85.5%	71.3%
Profit margin	11.3%	51.9%	50.7%	41.9%
Return on equity	8.5%	32.7%	42.6%	26.4%
Earnings/share (USD)	0.13	0.73	1.13	0.74
Book value/share (USD)	1.52	2.24	2.65	2.81
Shares outstanding (M)	239	239	153	154

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

Beta

From the company's own reports: 12 reports read by AI, every figure checked against the report's page and arithmetic.

Revenue Q2 2026

USD million

Operating profit Q2 2026

USD million

EPS Q2 2026

0.15

USD

One-off items found

in 12 reports

Source: the Q2 2026 and 1H 2026 report, page 6, published 2026-08-14.

Quarter	Revenue	Operating profit	Profit	EPS	Adj. EPS	Source
Q2 2026	80	28	23	0.15	…	Q2 2026 and 1H 2026, p. 6
Q2 2025	71	69	65	0.42	…	Q2 2026 and 1H 2026, p. 6
Q2 2020	64	−241	−237	−0.25	…	Q2 and H1 2020, p. 7
Q4 2019	71	−51	−56	−0.06	…	Q4 and FY 2019, p. 6
Q2 2019	74	−6	−12	−0.01	…	Q2 2019, p. 6
Q1 2019	69	−3	−20	−0.02	…	Q1 2019, p. 5
Q4 2018	73	−63	−49	−0.05	…	Q4 and FY 2018, p. 7
Q3 2018	86	6	−2	0.00	…	Q3 2018, p. 7
Q2 2018	83	−6	94	0.10	…	Q2 and H1 2018, p. 7
Q1 2018	66	−4	−27	−0.03	…	Q1 2018, p. 5
Q4 2017	68	−76	−71	−0.07	…	Q1 2018, p. 5
Q3 2017	91	14	−8	−0.01	…	Q3 2018, p. 7

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

2026-06-30 Impairment of vessels (2Q 2026), booked after depreciation and amortization: −0.5 USD million (Q2 2026 and 1H 2026, p. 6)
2025-06-30 Gain on sale of Sea1 Spearfish (other gain in operating profit, 2Q 2025): +41.4 USD million (Q2 2026 and 1H 2026, p. 6)
2020-06-30 Loss on sales of fixed assets in Q2 2020: +0.0 USD million (Q2 and H1 2020, p. 7)
2020-06-30 Impairment of vessels recorded in Q2 2020 (aggregate vessel impairment): −251.2 USD million (Q2 and H1 2020, p. 1)
2019-12-31 Impairment of vessels, 4Q 2019: −59.2 USD million (Q4 and FY 2019, p. 6)
2019-12-31 Cost related to legal claims in Brazil within Brazilian fleet operating margin: −6.6 USD million (Q4 and FY 2019, p. 4)
2019-06-30 Net profit from discontinued operations from settlement of contingent consideration with Subsea 7 (SOC sale): +5.2 USD million (Q2 2019, p. 2)
2019-06-30 Accrual for potential loss related to legal claims in Brazil: −4.0 USD million (Q2 2019, p. 1)

Found by AI and still being validated: hover for the report's own words.

Extracted by an AI model from the reports and can be wrong. Not investment advice.

Key figures

P/E	3.5
P/B	0.9
EV / EBITDA	3.2
Net debt / EBITDA	1.1
Return on equity	26.4%
Profit margin	41.9%
Beta 1Y	1.85
Revenue growth 1Y	−20.3%
Revenue CAGR 3Y	−0.3%
Earnings/share CAGR 3Y	+78.9%
ROE avg. 3Y	33.9%

Ratios use the latest annual report that was public 90 days after the year end.

Dividends per share (NOK)

2026	4.00
2025	7.00
2024	5.00

Not investment advice. Figures may contain errors from the data source.