Below are the financial statements of SBM Offshore, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Revenue from contracts with customers | 4,127a | 4,452a |
| Interest revenue from finance lease calculated using the effective interest method | 657a | 510a |
| Total revenue | 4,784a | 4,963a |
| Cost of sales | -3,652a | -3,543a |
| Gross margin | 1,132a | 1,420a |
| Other operating income/(expense) | 29a | -11a |
| Selling and marketing expenses | -23a | -22a |
| General and administrative expenses | -162a | -183a |
| Research and development expenses | -40a | -37a |
| Net impairment gains/(losses) on financial and contract assets | -6a | -21a |
| Operating profit/(loss) (EBIT) | 928a | 1,145a |
| Financial income | 26a | 25a |
| Financial expenses | -690a | -601a |
| Net financing costs | -663a | -575a |
| Share of profit/(loss) of equity-accounted investees | 19a | 19a |
| Profit/(loss) before income tax | 283a | 589a |
| Income tax expense | -73a | -25a |
| Profit/(loss) | 211a | 614a |
| Attributable to shareholders of the parent company | 150a | 491a |
| Attributable to non-controlling interests | 61a | 123a |
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