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R

Reach Subsea A REACH.OL · NOK

Energy · Oslo Børs · 🇳🇴 Norway

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5.77

-3.51%

Close of 9 Nov 2026, in NOK

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At a glance

Figures in NOK, from our data supplier.

FY2025

Revenue

NOK 2.68bn

FY2016FY2025

Net income

NOK 108.1m

FY2016FY2025

Free cash flow

NOK 818.9m

FY2016FY2025

Shareholders' equity

NOK 1.22bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueNOK 2.68bnNOK 2.72bnNOK 1.97bnNOK 1.16bnNOK 673.3mNOK 618.9mNOK 508.5mNOK 675.3mNOK 360.2mNOK 327.5m
Research and development—NOK 227,000————————
Operating incomeNOK 193.6mNOK 363.8mNOK 331.8mNOK 119.6mNOK 79.1mNOK 51.3m−NOK 24.5m−NOK 807,000−NOK 27.4m−NOK 17.7m
Net incomeNOK 108.1mNOK 205.4mNOK 225.8mNOK 72.2mNOK 93.8mNOK 43.1m−NOK 35.7m−NOK 9.7m−NOK 30.8m−NOK 23.2m
Diluted earnings per share0.330.660.700.322.310.30-0.25-0.07-0.22-0.16

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsNOK 3.61bnNOK 3.25bnNOK 2.69bnNOK 952.1mNOK 746.5mNOK 363.0mNOK 445.4mNOK 494.3mNOK 389.2mNOK 298.6m
Cash and short-term investmentsNOK 514.2mNOK 278.0mNOK 436.4mNOK 181.3mNOK 142.7mNOK 101.0mNOK 38.7mNOK 63.3mNOK 99.0mNOK 30.6m
Total liabilitiesNOK 2.39bnNOK 2.16bnNOK 1.76bnNOK 372.6mNOK 459.7mNOK 152.9mNOK 279.5mNOK 283.1mNOK 171.1mNOK 135.6m
DebtNOK 980.7mNOK 1.56bnNOK 1.26bnNOK 131.0mNOK 312.6mNOK 41.4mNOK 182.5mNOK 148.7mNOK 64.2mNOK 85.2m
Shareholders' equityNOK 1.22bnNOK 1.09bnNOK 928.0mNOK 579.4mNOK 286.8mNOK 210.2mNOK 165.8mNOK 211.2mNOK 218.1mNOK 162.9m
Shares outstanding325m312m321m226m41m145m141m139m140m145m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsNOK 1.19bnNOK 833.2mNOK 952.7mNOK 466.3mNOK 279.2mNOK 268.7mNOK 191.0mNOK 249.0mNOK 19.0m−NOK 3.2m
Capital spending−NOK 372.5m−NOK 262.8m−NOK 202.7m−NOK 167.8m−NOK 1.6m−NOK 2.1m−NOK 33.9m−NOK 48.0m−NOK 10.6m−NOK 1.3m
Free cash flowNOK 818.9mNOK 570.4mNOK 750.0mNOK 298.5mNOK 277.7mNOK 266.6mNOK 157.1mNOK 201.0mNOK 8.4m−NOK 4.5m
Dividends paid−NOK 137.5m−NOK 97.8m−NOK 46.0m−NOK 40.5m−NOK 21.5m−NOK 21.5m−NOK 10.0m−NOK 10.0m−NOK 10.0m−NOK 10.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueNOK 988.1mNOK 551.4mNOK 606.1mNOK 688.0mNOK 684.2mNOK 698.7mNOK 684.8mNOK 833.9m
Operating incomeNOK 192.4m−NOK 192.1m−NOK 64.4mNOK 50.6mNOK 91.1mNOK 68.2mNOK 79.9mNOK 134.1m
Net incomeNOK 133.6m−NOK 191.2m−NOK 57.5mNOK 39.0mNOK 72.6mNOK 54.0mNOK 21.8mNOK 92.0m
Diluted earnings per share0.41-0.58-0.180.120.220.170.070.30
Cash from operationsNOK 286.0mNOK 135.0mNOK 1.19bnNOK 335.0mNOK 222.0mNOK 240.0mNOK 241.0mNOK 306.0m
Capital spending−NOK 61.0m−NOK 161.0m−NOK 372.0m−NOK 127.0m−NOK 94.0m−NOK 93.0m−NOK 74.0m−NOK 71.0m
Free cash flowNOK 225.0m−NOK 26.0mNOK 819.0mNOK 208.0mNOK 128.0mNOK 147.0mNOK 167.0mNOK 235.0m
Total assetsNOK 3.86bnNOK 3.26bnNOK 3.61bnNOK 3.65bnNOK 3.12bnNOK 3.25bnNOK 3.25bnNOK 3.36bn
Cash and short-term investments——NOK 514.2mNOK 616.8mNOK 169.7mNOK 326.8mNOK 264.1mNOK 259.2m
DebtNOK 689.6mNOK 602.7mNOK 980.7mNOK 1.79bnNOK 1.29bnNOK 1.42bnNOK 1.56bnNOK 1.69bn
Shareholders' equityNOK 1.17bnNOK 1.03bnNOK 1.22bnNOK 1.27bnNOK 1.23bnNOK 1.29bnNOK 1.09bnNOK 1.03bn

Financial ratios

Data as of 29 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Operating margin7.7%13.0%15.7%9.8%12.0%8.0%
Net margin4.0%7.6%11.5%6.2%13.9%7.0%
Return on equity8.9%18.8%24.3%12.5%32.7%20.5%
Return on assets3.0%6.3%8.4%7.6%12.6%11.9%
Free cash flow yield78.8%57.6%59.0%45.9%113.2%30.6%
Revenue growth-1.5%38.2%69.3%72.5%8.8%21.7%
Earnings growth-47.4%-9.0%212.8%-23.0%117.6%-220.7%
Current ratio0.88x0.72x0.93x1.39x1.04x1.73x
Debt to equity0.50x0.86x0.45x0.22x0.72x0.17x
Equity ratio33.8%33.6%34.5%60.9%38.4%57.9%
Interest coverage1.68x2.88x3.94x7.28x10.17x6.35x
R&D as a share of sales—0.0%————
Buybacks as a share of market value-4.2%2.8%-41.7%-457.0%71.9%-2.4%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue32.1%34.0%15.5%
Operating income17.4%30.4%32.8%
Net income14.4%20.2%54.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin10.3%11.8%11.6%8.8%
Net margin5.8%7.2%7.6%5.3%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings20.311.96.413.21.37.5-6.3-33.5-10.0-11.7
Price to sales0.80.90.70.80.20.50.40.50.80.8

Dividends and splits

Per share, in the currency the company pays

Paid for 5 years. Last went ex-dividend on 30 May 2025.

FY2025FY2024FY2023FY2022FY2021FY2019FY2006
Paid in the year0.420.360.180.180.150.07160.00
  • 20-to-1 reverse split · 6 Dec 2012
  • 40-to-1 reverse split · 2 May 2011
  • 1.204-for-1 split · 29 Nov 2000
  • 5-for-1 split · 27 Apr 1994

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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