Subsea 7 S.A. SUBC
Oslo Børs · Energy · Oil & Gas Equipment & Services
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Annual accounts for Subsea 7
| USD million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 5,136 | 5,974 | 6,837 | 7,086 |
| EBITDA | 628 | 689 | 1,090 | 1,376 |
| Net income | 57 | 15 | 201 | 411 |
| Balance sheet | ||||
| Equity | 4,122 | 4,323 | 4,250 | 4,406 |
| Total debt | 613 | 1,303 | 1,177 | 934 |
| Cash | 610 | 726 | 575 | 970 |
| Net debt | 3 | 577 | 602 | −36 |
| Ratios and per share | ||||
| EBITDA margin | 12.2% | 11.5% | 15.9% | 19.4% |
| Profit margin | 1.1% | 0.3% | 2.9% | 5.8% |
| Return on equity | 1.4% | 0.4% | 4.7% | 9.3% |
| Earnings/share (USD) | 0.20 | 0.05 | 0.68 | 1.39 |
| Book value/share (USD) | 14.20 | 14.39 | 14.38 | 14.88 |
| Shares outstanding (M) | 290 | 300 | 296 | 296 |
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: 11 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the Second Quarter and Half Year 2026 report, page 7, published 2026-07-30.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,927 | – | 254 | 0.86 | … | Second Quarter and Half Year 2026, p. 7 |
| Q4 2025 | 1,962 | – | – | – | … | Full Year 2025, p. 8 |
| Q3 2025 | 1,840 | 232 | 113 | 0.38 | … | Q3 2025, p. 7 |
| Q2 2025 | 1,756 | 186 | 134 | 0.45 | … | Second Quarter and Half Year 2025, p. 7 |
| Q4 2024 | 1,869 | – | – | – | … | Fourth Quarter and Full Year 2024, p. 8 |
| Q3 2024 | 1,834 | 163 | 93 | 0.31 | … | Q3 2024, p. 7 |
| Q2 2024 | 1,739 | 137 | 59 | 0.20 | … | Second Quarter and Half Year 2025, p. 7 |
| Q4 2023 | 1,631 | 55 | −17 | −0.06 | … | Fourth Quarter and Full Year 2023, p. 8 |
| Q3 2023 | 1,578 | 64 | 34 | 0.11 | … | Q3 2023, p. 8 |
| Q4 2022 | 1,291 | 108 | 28 | 0.10 | … | Fourth Quarter and Full Year 2023, p. 8 |
| Q3 2022 | 1,404 | 53 | 3 | 0.01 | … | Q3 2023, p. 8 |
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 net loss/(gain) on disposal of property, plant and equipment and maturity of lease liabilities: +0.2 USD million (Second Quarter and Half Year 2026, p. 20)
- 2026-06-30 other gains and losses: +46.4 USD million (Second Quarter and Half Year 2026, p. 7)
- 2026-03-31 depreciation and amortisation charges: +9.8 USD million (Q1 2026, p. 12)
- 2025-12-31 impairment charges: +33.0 USD million (Full Year 2025, p. 4)
- 2025-12-31 impairment charges: +20.1 USD million (Full Year 2025, p. 2)
- 2025-09-30 professional fees related to the proposed merger with Saipem S.p.A: +17.0 USD million (Q3 2025, p. 3)
- 2025-03-31 discontinuation costs of an asset related project and professional fees related to the proposed merger: −17.0 USD million (Q1 2025, p. 3)
- 2024-12-31 Impairment charges related to property, plant and equipment and intangible assets: +15.8 USD million (Fourth Quarter and Full Year 2024, p. 9)
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 | 23.2 |
| P/B | 2.2 |
| EV / EBITDA | 6.9 |
| Net debt / EBITDA | −0.0 |
| Return on equity | 9.3% |
| Profit margin | 5.8% |
| Beta 1Y | 1.36 |
| Revenue growth 1Y | +3.6% |
| Revenue CAGR 3Y | +11.3% |
| Earnings/share CAGR 3Y | +91.8% |
| ROE avg. 3Y | 4.8% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2026 | 13.00 |
| 2025 | 13.00 |
| 2024 | 6.00 |
| 2023 | 4.00 |
| 2022 | 1.00 |
Not investment advice. Figures may contain errors from the data source.