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.

Income statement · 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 revenue	1,927	1,789	1,962	1,840	1,756	1,529	1,869	1,834	1,739	1,395	1,631	1,578
Cost of revenue	1,526	1,499	1,566	1,546	1,501	1,368	1,646	1,608	1,542	1,314	1,447	1,450
Gross profit	402	291	395	294	255	162	222	226	197	81.4	184	128
Selling, general and administrative	95.0	88.0	48.8	76.5	84.3	89.0	46.5	74.0	68.3	70.9	29.9	64.3
Operating income	307	203	305	217	171	72.7	138	152	129	10.5	118	63.6
EBIT	307	203	305	217	171	72.7	138	152	129	10.5	118	63.6
EBITDA	461	376	475	392	346	232	305	310	284	152	259	201
Interest expense	19.0	21.5	16.7	17.7	19.6	21.1	20.9	25.1	29.9	23.3	23.9	17.5
Pre-tax income	358	136	206	181	202	32.2	40.9	168	104	55.0	8.2	46.5
Income tax	104	38.7	58.4	72.6	71.1	15.5	14.6	69.8	41.2	26.0	19.5	10.2
Net income	254	101	145	113	134	19.1	22.0	93.3	59.1	27.0	-17.3	34.4
Net income to common shareholders	254	101	145	113	134	19.1	22.0	93.3	59.1	27.0	-17.3	34.4
Basic EPS	0.86	0.34	0.49	0.38	0.45	0.06	0.07	0.31	0.20	0.09	-0.06	0.11
Diluted EPS	0.85	0.34	0.49	0.38	0.45	0.06	0.07	0.31	0.20	0.09	-0.06	0.11
Average shares (basic)	296	296	296	296	296	296	296	297	299	300	300	300
Average shares (diluted)	299	298	298	298	297	297	298	299	300	301	300	301
Dividend per share	—	—	1.29	—	—	—	1.14	—	—	—	0.59	—