Core Viewpoint - Subsea 7 S.A. announced a proposed total cash dividend of NOK 13.00 per share, amounting to approximately $400 million, to be distributed in May 2026 [1]. Dividend Details - The proposed dividend consists of an annual dividend of approximately $350 million to be recommended at the annual general meeting (AGM) on 12 May 2026 and an interim dividend of approximately $50 million approved by the Board [1][5]. - Key dates include the last day including right on 19 May 2026 for common shareholders and 20 May 2026 for ADR holders, with the ex-date on 20 May 2026 for common shareholders and 21 May 2026 for ADR holders [5]. - The record date is set for 21 May 2026, and the payment date is scheduled for 28 May 2026 [5].

Core Insights - Subsea 7 reported strong financial results for Q4 2025 and the full year, with significant increases in revenue and profitability compared to the previous year [1][3][4] Financial Performance - Q4 2025 revenue reached $1,962 million, a 5% increase from Q4 2024's $1,869 million [2] - Full year 2025 revenue was $7,086 million, up 4% from $6,837 million in 2024 [12] - Adjusted EBITDA for Q4 2025 was $477 million, up over 50% from $315 million in Q4 2024, with a margin of 24% [3][9] - Full year Adjusted EBITDA was $1,480 million, a 36% increase from $1,090 million in 2024, with a margin of 21% [3][12] - Net income for Q4 2025 was $148 million, compared to $26 million in Q4 2024 [2][9] - Full year net income was $404 million, up from $217 million in 2024 [12] Operational Highlights - The company achieved a backlog of $13.8 billion at the end of 2025, with $6.9 billion expected to be executed in 2026 [3][11] - The book-to-bill ratio for 2025 was 1.3x, indicating strong order intake relative to revenue [2][14] - Vessel utilization rates were 89% for Subsea and Conventional vessels and 84% for Renewables in Q4 2025 [7] Cash Flow and Dividends - Free cash flow generation in 2025 was $1.2 billion, leading to net cash of $21 million including lease liabilities [3][4] - A dividend of NOK 13.00 per share, approximately $400 million, is proposed for payment in May 2026 [15] Market Outlook - The company expects revenue for 2026 to be in the range of $7.0 to $7.4 billion, with an Adjusted EBITDA margin of approximately 22% [3][17] - The company remains committed to securing new high-quality contracts despite ongoing regulatory clearance for a proposed merger with Saipem S.p.A. [16]

Core Insights - Subsea 7 S.A. has been awarded a significant contract by Shell for the Kaikias Waterflood project, which is a deepwater development located approximately 210 kilometers off the Louisiana coast in the US [1][3] - The contract involves the transportation and installation of subsea infrastructure, including umbilicals, risers, and rigid flowlines, at depths of up to 1,650 meters [1][3] - The project management and engineering activities will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2027 [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value within the energy industry [4] - The company emphasizes its role as a preferred partner and employer in providing efficient offshore solutions [4] Financial Details - Subsea 7 classifies a sizeable contract as one valued between $50 million and $150 million [3]

Group 1 - Subsea 7 S.A. will publish its fourth quarter 2025 results on 26 February 2026 at 07:00 UK / 08:00 CET [1] - A conference call and webcast for the investment community will take place on the same day at 11:00 UK / 12:00 CET [1] - The results announcement and presentation will be available on the Subsea 7 website starting from 07:00 UK / 08:00 CET [2] Group 2 - Subsea 7 focuses on delivering offshore energy transition solutions, aiming to create sustainable value [3] - The company is listed on the Oslo Børs under the ticker SUBC [3] - Investor inquiries can be directed to Katherine Tonks, Head of Investor Relations, via the provided contact details [3]

Core Viewpoint - Subsea 7 S.A. is set to release its fourth quarter 2025 results on 26 February 2026, highlighting its ongoing commitment to transparency and communication with investors [1]. Group 1: Financial Results Announcement - The results for the period ending 31 December 2025 will be published at 07:00 UK / 08:00 CET on 26 February 2026 [1]. - A conference call and webcast for the investment community will take place on the same day at 11:00 UK / 12:00 CET [1]. Group 2: Access to Information - The results announcement and presentation will be available on the Subsea 7 website starting from 07:00 UK / 08:00 CET [2]. - Registration for the conference call can be done through a provided link, and questions can only be submitted via phone [2]. Group 3: Company Overview - Subsea 7 focuses on creating sustainable value by providing offshore energy transition solutions [3]. - The company is listed on the Oslo Børs under the ticker SUBC and has a specific ISIN and LEI code for identification [3].

Core Viewpoint - Subsea 7 S.A. has been awarded a significant contract by LLOG Exploration Offshore L.L.C. for the Buckskin South Expansion project, which is located approximately 305 kilometers off the Texas coast, involving subsea umbilical and flowline installation in depths of up to 2,100 meters [1][2]. Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [3]. Project Details - The project management and engineering activities for the Buckskin South Expansion will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2026 and 2027 [2]. - The contract is classified as "sizeable," defined by Subsea 7 as being between $50 million and $150 million [2].

Core Viewpoint - Subsea 7 S.A. has been awarded a significant contract by LLOG Exploration Offshore L.L.C. for the Buckskin South Expansion project, which is located approximately 305 kilometers off the Texas coast, involving subsea umbilical and flowline installation at depths of up to 2,100 meters [1][2]. Group 1: Contract Details - The contract involves the transportation and installation of subsea infrastructure for the Buckskin South Expansion project [1]. - Project management and engineering activities will commence immediately from Subsea 7's Houston office, with offshore operations planned for 2026 and 2027 [2]. Group 2: Company Positioning - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [2]. - The company aims to enhance value from US developments, building on previous successes such as the Salamanca project, which recently achieved first oil [2].

Core Insights - Subsea 7 S.A. has been awarded a significant contract for pre-commitment to procure long lead items for a project in the Norwegian North Sea, with project management and engineering work set to begin immediately in Stavanger, Norway [1][2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services within the energy sector, focusing on creating sustainable value and being a preferred partner and employer in the industry [2] Contract Details - The early commitment to long lead items indicates a strong, trust-based relationship with the operator, facilitating early engagement and fast-tracked development [2]

Core Insights - Subsea 7 S.A. has received a substantial contract from Chevron Australia for subsea installation on the Gorgon Stage 3 Project, offshore Australia [1][3] - The contract includes project management, engineering, procurement, fabrication, transportation, installation, and pre-commissioning of subsea equipment at a water depth of 1,350 meters [1][3] - The project management and engineering work will start immediately from Subsea 7's office in Perth, with offshore operations expected to commence in 2028 [2] Financial Details - Subsea 7 defines a substantial contract as being valued between $150 million and $300 million [3] Strategic Importance - This project is seen as a significant milestone that reinforces Subsea 7's long-term strategic engagement with Chevron [2] - The company aims to leverage its local and international capabilities to ensure safety, quality, and technical integrity in offshore operations [3] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services for the energy industry, focusing on creating sustainable value [3]

Core Viewpoint - Subsea 7 S.A. has announced its financial calendar for 2026, detailing key reporting dates for the upcoming year [1]. Financial Reporting Schedule - Results for the financial year ending 31 December 2025: - Quarterly report (Q4) on 26 February 2026 - Annual report for 2025 on 20 March 2026 - Results for the financial year ending 31 December 2026: - Quarterly report (Q1) on 30 April 2026 - Annual General Meeting on 12 May 2026 - Half-yearly report and quarterly report (Q2) on 30 July 2026 - Quarterly report (Q3) on 19 November 2026 [1]. Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services within the energy industry, focusing on creating sustainable value and being a preferred partner and employer [1].