Seadrill Ltd (SDRL) FY2025 10-K Annual Report
Seadrill Ltd (SDRL) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Seadrill Ltd FY2025 10-K Analysis
Business Overview
- • Core business: Worldwide offshore drilling services via ownership and operation of drillships and semi-submersibles for shallow to ultra-deepwater contracts
- • New emphasis: Upgraded drillship entering contract Q2 2026, expanding management services for Sonangol’s two drilling units
Management Discussion & Analysis
- • Revenue $1,437M, up 4% YoY from $1,385M, driven by 8% increase in contract revenues (+$80M) partially offset by declines in reimbursable and leasing revenues
- • Operating profit $47M vs $412M, operating margin 3.3% vs 29.7%, impacted by increased operating expenses (+12%) and loss on impairment of $22M
Risk Factors
- • Regulatory/legal risk: U.S. tariffs under Trade Act of 1974 may impose 10-15% global tariffs, pressuring costs across operating jurisdictions and reducing competitive pricing
- • Geopolitical/macroeconomic threat: Ongoing conflicts in Ukraine and the Middle East create regional instability, potentially disrupting offshore drilling activity and supply chains
Seadrill Ltd FY2025 Key Financial MetricsXBRL
Revenue
$1.1B
▲ +7.9% YoY
Net Income
-$77M
▼ -117.3% YoY
Operating Margin
4.3%
▼ -3652bp YoY
Net Margin
-7.1%
▼ -5127bp YoY
ROE
-2.7%
▼ -1798bp YoY
Total Assets
$3.9B
▼ -5.0% YoY
Operating Cash Flow
-$28M
▼ -131.8% YoY
Source: XBRL data from Seadrill Ltd FY2025 10-K filing on SEC EDGAR. All figures in USD.
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