Subsea 7

SUBC · Oslo Børs · NOK

kr 319.20−0.99%−kr 3.20

Close · October 2, 2026

At a glance

Revenue growth: +3.65%; 2025 vs 2024
Net income growth: +104.27%; 2025 vs 2024
Net margin: 5.8%; 2024: 2.9%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	8,227	8,422	8,031	8,313	7,965	7,837	7,680	8,266	7,904	8,182	8,096	7,701
Current assets	3,277	3,466	3,121	3,289	2,853	2,704	2,474	2,972	2,635	2,848	2,865	2,931
Cash and equivalents	1,046	1,073	970	546	413	459	575	440	290	604	751	530
Receivables	2,139	2,297	1,690	2,437	2,115	2,119	1,615	2,393	2,123	2,129	1,731	2,268
Inventory	69.2	54.9	51.8	51.4	54.4	59.0	57.4	62.8	64.1	63.5	60.1	58.6
Net property, plant and equipment	4,105	4,110	4,070	4,173	4,250	4,293	4,361	4,486	4,482	4,575	4,489	4,370
Goodwill	172	173	157	160	161	188	184	194	192	192	192	190
Other intangible assets	107	106	112	108	105	94.7	87.6	78.8	66.8	64.3	58.5	47.5
Long-term investments	378	372	371	388	379	368	368	368	361	352	343	24.2
Current liabilities	3,143	3,139	2,818	3,222	2,931	2,603	2,434	2,926	2,571	2,658	2,616	2,368
Accounts payable	1,679	1,691	389	1,839	1,818	1,567	391	1,824	1,717	1,763	355	1,494
Long-term debt	311	347	402	448	494	538	584	629	660	691	721	602
Total debt	856	875	934	1,033	1,088	—	—	—	—	—	—	—
Total liabilities	3,848	3,873	3,586	4,027	3,783	3,477	3,385	3,921	3,654	3,824	3,738	3,360
Total equity (incl. minority)	4,379	4,549	4,445	4,286	4,182	4,360	4,295	4,345	4,250	4,358	4,357	4,342
Retained earnings	1,798	1,958	1,858	1,717	1,610	1,844	1,825	1,802	1,708	1,806	1,780	1,810
Minority interest	35.8	34.9	38.5	36.3	40.4	42.3	44.6	40.9	35.6	31.9	34.1	27.7