Borr Drilling FY2025 operating income drops 13.92% to $322 million; revenue rises 0.99% to $1.0 billion

Reuters03-27
Borr Drilling FY2025 operating income drops 13.92% to $322 million; revenue rises 0.99% to $1.0 billion
  • Borr Drilling published its annual report (Form 20-F) for the year ended Dec. 31, 2025, reporting net income of USD 45 million, down 45.19%.
  • Dayrate revenue rose 6.9% to USD 906.7 million, while operating income fell 13.92% to USD 322.1 million.
  • Adjusted EBITDA declined 6.99% to USD 470.1 million, and interest expense increased 7.89% to USD 228.4 million.
  • Rig operating and maintenance expenses increased 9.69% to USD 500.6 million, with the report citing contributions from a rig delivered from newbuildings in 2024 that began operations in the Middle East and North Africa in 2025 and a West Africa rig starting a new contract with significant re-billable expenses.
  • In December, the company agreed to acquire five premium jack-up rigs from Noble for USD 360 million and said it completed the acquisition in January 2026, including a USD 36 million deposit in December 2025 and USD 150 million of seller’s credit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Borr Drilling Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-021450), on March 26, 2026, and is solely responsible for the information contained therein.

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