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  3. •

    Oil & gas production
Reach Subsea ASA

Reach Subsea ASA

6.16
NOK
+0.22
(+3.70%)
-0.23EPS
1.60BMarket Cap
Nov 17Next Earn
Reach Subsea ASA
OSL:REACH
(Euronext Oslo)

Recent

price

6.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
NOK
435.29
8.95
0.22
0.99
4.02
8.17
3.89
2.62
4.69
3.53
4.29
4.66
5.61
7.79
10.28
8.38
8.71
Revenue per Share
-167.24
2.48
-0.34
-0.25
0.32
0.02
-0.28
-0.22
-0.07
-0.25
0.3
0.65
0.35
0.89
0.78
0.34
-0.23
Basic EPS, GAAP
- -
-56.87
-0.1
-1.92
0.27
-0.51
0.01
0.06
1.4
1.09
1.85
1.92
1.44
2.97
2.29
2.57
2.28
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.07
- -
0.15
0.2
0.18
0.37
0.43
- -
Dividend per Share
88.56
1.14
0.99
1.67
1.98
2.03
1.75
1.52
1.47
1.15
1.46
1.97
2.56
3.41
3.86
3.73
3.59
Book Value per Share
88.56
1.14
0.99
1.67
1.98
2.03
1.75
1.52
1.47
1.15
1.46
1.96
2.13
2.9
3.39
3.33
3.19
Tangible Book Value per Share
2
1
16
63
77
78
84
138
144
144
144
144
207
253
264
319
325
Basic Weighted Avg Shares
810
6
4
62
311
634
327
360
675
508
619
673
1,162
1,967
2,717
2,675
2,831
Sales/Revenue/Turnover
-25.14
37.09
-158.06
-32.54
6.76
1.79
-4.35
-7.63
-0.59
-3.21
9.5
11.74
9.06
16.87
13.39
6.44
0.47
Operating Margin (%)
158
- -
- -
4
14
23
39
54
279
188
208
240
354
623
806
970
1,013
Depreciation Expense
-311
2
-5
-16
25
1
-23
-31
-10
-36
43
94
72
226
205
108
-76
Net Income, GAAP
- -
28
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
26.36
22.02
10.68
- -
- -
Effective Tax Rate (%)
-38.42
27.74
-154.41
-25.39
7.98
0.22
-7.09
-8.54
-1.43
-7.02
6.96
13.93
6.21
11.48
7.56
4.04
-2.69
Profit Margin (%)
95
5
40
102
50
44
64
135
39
-27
102
14
141
-65
-400
-159
14
Working Capital
879
627
- -
67
60
95
64
43
70
84
13
120
9
863
743
981
1,129
LT Debt
398
5
44
129
154
157
163
218
211
166
210
287
579
928
1,092
1,218
1,172
Total Equity
- -
0.17
- -
- -
9.88
4.64
- -
- -
- -
- -
17.02
- -
11.67
17.5
13.15
- -
- -
Return on Invested Capital (%)
- -
1.01
- -
- -
13.42
1.8
- -
- -
- -
- -
16.56
- -
12.76
19.77
13.01
- -
- -
Return on Capital (%)
-65.91
0.83
-22.29
-18.19
17.54
0.89
-14.49
-16.15
-4.5
-18.94
22.93
37.75
16.67
29.96
20.34
9.36
-6.34
Return on Common Equity (%)

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
771
860
894
LT Borrowings
606
603
690
LT Finance Leases
375
280
440
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
327
327
327
Market Capitalization
2,233
2,295
1,596

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,248
944
1,574
Cash, Cash Equivalents & STI
548
336
410
Accounts Receivable, Net
371
439
800
Inventories
11
24
28
Total Current Liabilities
1,407
1,347
1,560
Payables & Accruals
- -
- -
- -
ST Debt
771
860
894
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.73%
45.58%
11.57%
Free Cash Flow
333.21%
35.8%
35.42%
Net Income, GAAP
-150.11%
50.19%
-47.38%
Sales/Revenue/Turnover
23.33%
37.45%
-1.56%
Total Cash Common Dividend
- -
- -
40.54%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
575
623
834
685
2,717
2025
699
684
688
604
2,675
2026
551
988
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.32
0.32
0.08
0.78
2025
0.18
0.22
0.12
-0.18
0.34
2026
-0.58
0.41
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.36
- -
- -
0.37
2025
- -
0.42
- -
- -
0.43
2026
- -
- -
- -
- -
- -
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Business
Reach Subsea ASA (REACH.OL) is a Norwegian subsea services provider specializing in integrated solutions for the offshore energy sector, including renewables and oil & gas. The company offers remotely operated vehicles (ROVs), survey and robotics services, and specialized subsea construction through its proprietary fleet of vessels such as Reach Remote, Reach Rigel, Reach Regulus and Reach Carrier; it also provides inspection, maintenance and repair (IMR) services, geotechnical investigations, and seabed mapping using advanced autonomous underwater vehicles (AUVs) and uncrewed surface vessels (USVs). Founded in 2017 and headquartered in Haugesund, Norway, Reach Subsea operates primarily in the North Sea region, with expanding activities in the UK, Netherlands, Germany, and emerging renewables markets in Taiwan and the US. Reach Subsea's core segments encompass offshore renewables support, such as cable route surveys and foundation inspections for wind farms; conventional energy services including decommissioning and pipeline inspections; and digital solutions via its Data & Robotics division, which integrates AI-driven analytics and remote operations. The company targets oil majors, wind farm developers, and EPC contractors, maintaining a fleet adaptable for cost-efficient, low-emission operations. It holds strategic alliances with technology partners for hybrid propulsion systems and digital twins. In recent developments, Reach Subsea secured a major framework agreement in 2024 with Equinor for ROV and survey services extending through 2029, bolstering its North Sea presence; it also won multiple offshore wind contracts, including a 2025 award for IMR services on UK wind farms. The company expanded its fleet with the acquisition of the multipurpose vessel Reach Voyager in late 2024 and launched new AUV capabilities for high-resolution seabed surveys. Additionally, Reach Subsea announced a strategic partnership in mid-2025 with a leading Taiwanese developer for Asia-Pacific renewables expansion and completed a NOK 300 million private placement to fund growth initiatives.