Valaris(VAL) - 2025 Q1 - Quarterly Results

www.valaris.com Press Release Valaris Reports First Quarter 2025 Results • Total operating revenues of $621 million, with revenue efficiency of 96%; • Net loss of $39 million, inclusive of $167 million of discrete tax expense; • Adjusted EBITDA of $181 million; • Generated $156 million of cash from operating activities and $74 million of Adjusted Free Cash Flow; • Secured approximately $1.0 billion of new contract backlog since February's fleet status report, increasing total backlog by nearly 20% to more t ...