Results & reports
Recent and historic financial results and reports.
Results for the six months ended 30 June 2026
Half Year Report 2026
Full Year Results to December 31st 2025
View our Full Year Results 2025
2025 Annual Report & Results
View our 2025 Annual Report & Results.
Annual General Meeting 2026
This year's Annual General Meeting will take place on Wednesday 15th April 2026 at 10.30 a.m. in London, UK.
Financial highlights
EBITDA increased by 7%, to $135.7m.
EBITDA margin of 13%, up from 12%.
Non-oil and gas revenue up 10%, to $82.9m.
Gross margin improved to 27%.
Sales order book $358.0m comprising $120.7m of subsea and $98.6m of non-oil and gas opportunities.
Free cash flow of $96.6m – representing an EBITDA conversion of 71%.
Total dividends declared in the year up 13% to 13.0 cents per share, from 11.5 cents in 2024.
Adjusted profit before tax of $79.7m in 2025, compared to $75.6m in the prior year.
2026 EBITDA guidance of $145-$155m retained, with EBITDA to Free Cash Flow conversion targeted at 50% or greater.