| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 595.70 | 3.2% | 7.4% |
| Total Income | 595.70 | 3.2% | 7.4% |
| Expenditure | 469.60 | 4.4% | 10.4% |
| PBT | 215.90 | 48.2% | 147.6% |
| Net Profit | 188.10 | 63.4% | 191.2% |
| OPM | 21.91% | 4.77pp | 7.15pp |
| NPM | 31.58% | 12.87pp | 21.53pp |
| EPS | 2.66 | 64.2% | 198.9% |
Valaris Reports Q3 2025 Results
04 May 2026 · 4 May, 8:35 am
Summary
Valaris Limited reported third quarter 2025 results, with total operating revenues of $596 million and a revenue efficiency of 95%. Net income was $187 million, and Adjusted EBITDA reached $163 million. The company generated $198 million in cash from operating activities and $237 million in Adjusted Free Cash Flow. Valaris also repurchased $75 million of shares and completed the sale of jackup VALARIS 247 for $108 million.
Key Highlights
- 1
Valaris reported total operating revenues of $596 million with a revenue efficiency of 95% for the third quarter of 2025.
- 2
The company's net income for the third quarter of 2025 was $187 million.
- 3
Adjusted EBITDA for the third quarter of 2025 reached $163 million.
- 4
Valaris generated $198 million in cash from operating activities and $237 million in Adjusted Free Cash Flow during the third quarter.
- 5
The company repurchased $75 million of shares in the third quarter of 2025.
- 6
Valaris secured a contract for VALARIS DS-12 with an estimated duration of 350 days, contracting all four active drillships with near-term availability.
- 7
The sale of jackup VALARIS 247 was completed for cash proceeds of $108 million.
Management Comments
Anton Dibowitz
The Valaris team continues to deliver safe and efficient operations, which led to another quarter of strong financial results. We also continue to execute our commercial strategy having recently secured an attractive contract for VALARIS DS-12 with bp offshore Egypt. With this award, all four of our active drillships with near-term availability are now contracted for work beginning next year. Despite near-term commodity price uncertainty, demand for offshore drilling services is developing as we expected, with customers increasingly looking to offshore projects to meet future energy needs. Against this backdrop, we continue to see a solid pipeline of deepwater opportunities for our high-specification fleet, and we are in advanced customer discussions for our drillships scheduled to complete contracts in the second half of 2026. We are focused on delivering outstanding operational performance, executing our commercial strategy, and prudently managing our fleet and costs, positioning Valaris to deliver long-term value for shareholders.
Informational and educational content only. Not investment advice.