1. United Arab Emirates Stocks

  2. •

    Energy

  3. •

    Oil & Gas Drilling
Shelf Drilling, Ltd.

Shelf Drilling, Ltd.

SHLLF
Shelf Drilling, Ltd.US flagOther OTC
1.70
USD
- -
- -
435.80MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
9.64
15.51
12.63
8.38
7
6.32
4.49
4.3
3.85
4.42
4.6
4.42
4.06
Basic EPS, GAAP
2.85
2.77
-2.2
-0.37
-1.08
-1.5
-1.16
-2.02
-0.57
-0.18
-0.04
0.36
0.48
Free Cash Flow per Basic Share
0.69
2.64
-0.3
1.02
-2.35
-0.63
-0.81
-0.42
-0.45
-2.79
-0.11
-0.1
0.13
Dividend per Share
2.4
1.5
- -
- -
0.12
0.17
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
1.55
-0.66
-1.02
-1.88
-2.99
-3.42
-5.24
-5.79
-5.22
-4.19
-3.35
-2.98
Tangible Book Value per Share
- -
7.12
5.03
4.65
6.24
6.09
4.37
2.12
1.56
2.01
2.04
1.92
1.88
Basic Weighted Avg Shares
82
82
82
82
82
97
128
136
137
157
198
223
242
Sales/Revenue/Turnover
787
1,266
1,031
684
572
613
576
585
527
695
908
985
983
Operating Margin (%)
39.62
28.53
18.33
17.55
11
4
0.15
13.82
9.78
18.1
20.48
17.88
21.96
Depreciation Expense
32
99
86
72
81
87
83
70
66
55
69
73
75
Net Income, GAAP
232
226
-180
-30
-71
-136
-150
-275
-79
-29
-8
81
116
Effective Tax Rate (%)
7.81
15.99
- -
- -
- -
- -
- -
- -
- -
344.44
237.6
37.68
23.08
Profit Margin (%)
29.52
17.86
-17.45
-4.36
-12.45
-22.21
-25.95
-46.97
-14.93
-4.14
-0.84
8.26
11.85
Working Capital
- -
201
247
299
109
184
97
189
278
194
106
140
179
LT Debt
- -
817
878
1,038
775
888
942
1,038
1,201
1,442
1,247
1,239
1,219
Total Equity
- -
590
411
379
675
591
561
289
214
316
402
428
456
Return on Invested Capital (%)
- -
42.87
- -
- -
- -
- -
- -
- -
- -
-19.25
-14.53
6.17
9.35
Return on Capital (%)
- -
63.79
- -
- -
- -
- -
- -
- -
- -
-55.8
-35.68
34.91
39.71
Return on Common Equity (%)
- -
357.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
124
95
95
LT Borrowings
1,237
1,264
1,219
LT Finance Leases
2
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
256
256
256
Market Capitalization
168
173
198

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
484
521
459
Cash, Cash Equivalents & STI
152
207
172
Accounts Receivable, Net
210
218
200
Inventories
- -
- -
- -
Total Current Liabilities
343
320
280
Payables & Accruals
- -
- -
- -
ST Debt
124
95
95
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.95%
1.41%
6.46%
Free Cash Flow
-40.42%
95.84%
3.79%
Net Income, GAAP
-131.89%
-259.12%
-1,171.05%
Sales/Revenue/Turnover
-0.48%
12.54%
8.5%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
183
214
268
242
908
2024
255
234
268
229
985
2025
246
241
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
-0.18
0.01
0.21
- -
-0.04
2024
0.02
-0.07
0.32
- -
0.36
2025
0.05
0.04
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Gregory O'Brien
Full Time Employees
2,448
Sector
Energy
Industry
Oil & Gas Drilling
Address
One JLT Dubai United Arab Emirates
IPO Date
Jun 24, 2020
Website
shelfdrilling.com
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Business
Shelf Drilling Ltd Shelf Drilling Ltd (SHLLF) operates as a shallow-water offshore drilling contractor, providing jack-up rigs and related equipment for the drilling, completion, maintenance, and decommissioning of exploratory and developmental oil and natural gas wells; associated services including catering, additional personnel, consumables, and accommodations via third-party vendors; and contract drilling operations utilizing its fleet of independent-leg cantilever jack-up rigs and swamp barges. The company serves government-owned energy firms, publicly listed integrated oil companies, and independent exploration and production entities, with primary revenue from Saudi Arabia and operations spanning the Middle East, North Africa, Mediterranean (MENAM), Southeast Asia, India, West Africa, and the North Sea. Incorporated in 2012 under Cayman Islands law with management headquartered in Dubai, United Arab Emirates, Shelf Drilling maintains a fit-for-purpose model focused on shallow-water jack-up services, safety, and long-term customer relationships. In September 2024, it announced an agreement to acquire Shelf Drilling (North Sea) Ltd, consolidating its jack-up fleet and addressing funding needs; subsequently in August 2025, ADES International Holding's subsidiary agreed to acquire Shelf Drilling for approximately SAR 1.4 billion (US$379 million) in cash, adding 33 rigs to create a combined fleet of 83 units and expanding market presence, with the merger completing in late November 2025 subject to shareholder and regulatory approvals.

Company News

APIChat

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q1 2025 Earnings Call Transcript

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q4 2024 Earnings Call Transcript

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q3 2024 Earnings Call Transcript

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q1 2024 Earnings Call Transcript

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q4 2023 Earnings Call Transcript

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q2 2023 Earnings Call Transcript

  • seekingalpha.com

    Shelf Drilling, Ltd. (SHLLF) Q1 2023 Earnings Call Transcript