Bristow(US:VTOL) Prnewswire·2026-02-25 21:20Core Insights - Bristow Group reported a net income of $129.1 million for the full year 2025, an increase from $94.8 million in 2024, with total revenues rising to $1.5 billion from $1.4 billion [1][2] - The company declared a quarterly cash dividend of $0.125 per share, reflecting a positive financial outlook and strong liquidity position [1][2] - Bristow expects Adjusted Operating Income in its Government Services business to double in 2026 and a 25% increase in total Adjusted EBITDA compared to 2025 [1][2] Full Year Highlights - Total revenues for 2025 were $1.5 billion, up from $1.4 billion in 2024 [1] - Operating cash flow increased to $198.4 million in 2025 from $177.4 million in 2024 [1] - Adjusted Free Cash Flow rose to $186.7 million in 2025 compared to $160.9 million in 2024 [1] Quarterly Results - For Q4 2025, net income was $18.4 million on total revenues of $377.3 million, down from $51.5 million and $386.3 million in Q3 2025 [1] - Offshore Energy Services revenues decreased by 1.2% to $247.5 million in Q4 2025 compared to Q3 2025 [1] - Government Services revenues were $100.1 million in Q4 2025, a slight decrease from $100.9 million in Q3 2025 [1] Segment Performance - Offshore Energy Services saw a revenue increase of 2.5% year-over-year, totaling $990.5 million in 2025 [2] - Government Services revenues increased by 15.1% to $379.4 million in 2025, driven by new contracts [2] - Other Services revenues were $120.6 million in 2025, a marginal increase from $119.8 million in 2024 [2] Financial Outlook - The company anticipates total revenues for 2026 to be between $1.58 billion and $1.69 billion [2] - Adjusted Operating Income for Offshore Energy Services is expected to rise to between $225 million and $235 million in 2026 [2] - The company projects an Adjusted Free Cash Flow exceeding $200 million for 2026 [1][2]