Income Statement Electromagnetic Geoservices ASA

Stocks

EMGS

NO0010358484

Oil Related Services and Equipment

Market Closed - Oslo Bors Other stock markets 12:45:00 27/06/26 am AEST			5-day change	1st Jan Change
0.1940 ^NOK	+6.89%		+4.02%	-22.40%

25/06	Electromagnetic Geoservices ASA Announces Nomination Committee Appointments	CI
02/06	Electromagnetic Geoservices Asa Announces Vangen Will Not Stand for Election of Board of Directors	CI

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Published financial data: ELECTROMAGNETIC GEOSERVICES ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	23.57M	30.23M	7.99M	24.61M	23.52M
Other Revenues, Total	5.3M	4.75M	-	114K	60K
Total Revenues	28.87M	34.98M	7.99M	24.73M	23.58M
Cost of Goods Sold, Total	3.5M	4.24M	1.23M	8.87M	16.11M
Gross Profit	25.37M	30.74M	6.76M	15.86M	7.48M
Selling General & Admin Expenses, Total	2.8M	3.55M	2.46M	3.13M	3.22M
Depreciation & Amortization - (IS)	7.73M	8.21M	6.52M	4.66M	4.14M
Amortization of Goodwill and Intangible Assets - (IS)	2.46M	2.51M	553K	1.88M	2.39M
Other Operating Expenses	3.18M	3.35M	3.34M	567K	4.25M
Other Operating Expenses, Total	16.16M	17.62M	12.86M	10.24M	13.99M
Operating Income	9.21M	13.12M	-6.1M	5.62M	-6.52M
Interest Expense, Total	-3.69M	-3.02M	-3.4M	-3.21M	-2.67M
Interest And Investment Income	28K	388K	1.25M	926K	317K
Net Interest Expenses	-3.66M	-2.63M	-2.15M	-2.28M	-2.36M
Currency Exchange Gains (Loss)	-290K	-7K	58K	-750K	-21K
Other Non Operating Income (Expenses)	-1.92M	-1K	-1K	1K	-
EBT, Excl. Unusual Items	3.34M	10.48M	-8.2M	2.59M	-8.89M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	2M	671K	-1K	733K	-
Asset Writedown	-	-	-	-	-4.09M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	5.34M	11.15M	-8.2M	3.32M	-12.98M
Income Tax Expense	417K	-46K	-21K	503K	1.27M
Earnings From Continuing Operations	4.92M	11.19M	-8.18M	2.82M	-14.26M
Net Income to Company	4.92M	11.19M	-8.18M	2.82M	-14.26M
Net Income - (IS)	4.92M	11.19M	-8.18M	2.82M	-14.26M
Net Income to Common Incl Extra Items	4.92M	11.19M	-8.18M	2.82M	-14.26M
Net Income to Common Excl. Extra Items	4.92M	11.19M	-8.18M	2.82M	-14.26M
Per Share Items
Net EPS - Basic	0.04	0.09	-0.06	0.02	-0.11
Basic EPS - Continuing Operations	0.04	0.09	-0.06	0.02	-0.11
Basic Weighted Average Shares Outstanding	131M	131M	131M	131M	131M
Net EPS - Diluted	0.04	0.09	-0.06	0.02	-0.11
Diluted EPS - Continuing Operations	0.04	0.09	-0.06	0.02	-0.11
Diluted Weighted Average Shares Outstanding	131M	131M	131M	131M	131M
Normalized Basic EPS	0.02	0.05	-0.04	0.01	-0.04
Normalized Diluted EPS	0.02	0.05	-0.04	0.01	-0.04
Supplemental Items
EBITDA	15.36M	19.44M	-1.94M	10.62M	-1.53M
EBITA	11.66M	15.63M	-5.55M	7.5M	-3.31M
EBIT	9.21M	13.12M	-6.1M	5.62M	-6.52M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	28.87M	34.98M	7.99M	24.73M	23.58M
Effective Tax Rate - (Ratio)	7.81	-0.41	0.26	15.14	-9.79
Current Foreign Taxes	417K	-46K	-21K	503K	1.27M
Total Current Taxes	417K	-46K	-21K	503K	1.27M
Normalized Net Income	2.09M	6.55M	-5.12M	1.62M	-5.56M
Interest on Long-Term Debt	3.07M	2.58M	2.7M	2.74M	2.5M
Supplemental Operating Expense Items
Marketing Expenses	34K	46K	61K	82K	62K
Selling and Marketing Expenses	34K	46K	61K	82K	62K
Research And Development Expense From Footnotes	-	-	-	-	-
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	6K	4K	101K	-	-
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	6K	4K	101K	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	9.86M	11.43M	10.26M	9.12M	3.12M
Total Cash And Short Term Investments	9.86M	11.43M	10.26M	9.12M	3.12M
Accounts Receivable, Total	1.34M	7.95M	1.12M	900K	1.88M
Other Receivables	2.06M	506K	179K	2.33M	1.49M
Total Receivables	3.39M	8.45M	1.3M	3.23M	3.37M
Inventory	3.81M	4.16M	4.01M	3.42M	350K
Prepaid Expenses	1.7M	-	-	-	-
Restricted Cash	1.28M	196K	193K	748K	732K
Other Current Assets, Total	1K	-	-	-	-
Total Current Assets	20.04M	24.24M	15.76M	16.52M	7.57M
Gross Property Plant And Equipment	192M	193M	190M	191M	190M
Accumulated Depreciation	-175M	-179M	-182M	-185M	-190M
Net Property Plant And Equipment	17.22M	14.14M	8.11M	6.01M	249K
Other Intangibles, Total	2.83M	1.61M	963K	3.97M	1.58M
Accounts Receivable Long-Term	72K	-	-	-	-
Other Long-Term Assets, Total	-	2.69M	2.93M	3.3M	1.16M
Total Assets	40.16M	42.68M	27.77M	29.81M	10.55M
Liabilities
Accounts Payable, Total	1.98M	2.93M	1.14M	2.71M	432K
Accrued Expenses, Total	1.1M	1.62M	1.14M	-	-
Current Portion of Long-Term Debt	-	-	-	19.66M	-
Current Portion of Leases	6.24M	5.34M	2.19M	2.49M	167K
Current Income Taxes Payable	3.38M	3.02M	2.94M	-	-
Other Current Liabilities	349K	1.48M	27K	1.49M	802K
Total Current Liabilities	13.05M	14.4M	7.44M	26.35M	1.4M
Long-Term Debt	24.3M	19.48M	19.58M	-	19.82M
Long-Term Leases	522K	118K	139K	39K	-
Unearned Revenue Non Current	4.81M	-	-	-	-
Other Non Current Liabilities	-1K	-	-	-	171K
Total Liabilities	42.68M	34M	27.17M	26.39M	21.39M
Common Stock, Total	15.28M	15.28M	15.28M	15.28M	15.28M
Additional Paid In Capital	56.2M	56.2M	56.3M	56.3M	56.3M
Retained Earnings	-72.43M	-61.23M	-69.41M	-66.59M	-80.84M
Comprehensive Income and Other	-1.57M	-1.58M	-1.58M	-1.58M	-1.58M
Total Common Equity	-2.51M	8.68M	601K	3.42M	-10.83M
Total Equity	-2.51M	8.68M	601K	3.42M	-10.83M
Total Liabilities And Equity	40.16M	42.68M	27.77M	29.81M	10.55M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	131M	131M	131M	131M	131M
ECS Total Common Shares Outstanding	131M	131M	131M	131M	131M
Book Value / Share	-0.02	0.07	0	0.03	-0.08
Tangible Book Value	-5.35M	7.07M	-362K	-550K	-12.41M
Tangible Book Value Per Share	-0.04	0.05	-0	-0	-0.09
Total Debt	31.06M	24.94M	21.92M	22.19M	19.98M
Net Debt	21.2M	13.51M	11.66M	13.06M	16.87M
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	3.21M	3.64M	3.5M	2.94M	350K
Inventories - Others	603K	514K	514K	486K	-
Machinery, Total	188M	188M	189M	189M	190M
Full Time Employees	17	20	19	20	20
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	146K	413K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.92M	11.19M	-8.18M	2.82M	-14.26M
Depreciation & Amortization - CF	8.44M	8.25M	6.42M	5.17M	4.14M
Amortization of Goodwill and Intangible Assets - (CF)	2.46M	2.51M	553K	1.88M	3.21M
Depreciation & Amortization, Total	10.9M	10.76M	6.98M	7.05M	7.35M
Amortization of Deferred Charges, Total - (CF)	517K	350K	93K	11K	-
(Gain) Loss on Sale of Investments - (CF)	-	-671K	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	3.27M
Stock-Based Compensation (CF)	6K	4K	101K	-	-
Other Operating Activities, Total	811K	2.34M	2.62M	3.09M	3.61M
Change In Accounts Receivable	4.98M	-6.63M	6.78M	223K	-979K
Change In Inventories	913K	-345K	148K	590K	3.07M
Change In Accounts Payable	520K	947K	-1.79M	1.57M	-2.28M
Change in Other Net Operating Assets	55K	-1.39M	-1.79M	-6.2M	1.37M
Cash from Operations	23.62M	16.56M	4.95M	9.15M	1.16M
Capital Expenditure	-90K	-317K	-946K	-171K	-1.12M
Sale (Purchase) of Intangible assets	-2.66M	-1.64M	-	-4.9M	-1.2M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-1K	-	-	-
Cash from Investing	-2.75M	-1.95M	-946K	-5.07M	-2.32M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-12.21M	-10.45M	-2.58M	-2.7M	-2.5M
Total Debt Repaid	-12.21M	-10.45M	-2.58M	-2.7M	-2.5M
Issuance of Common Stock	-	-	-	-	-
Other Financing Activities, Total	-2.99M	-2.57M	-2.6M	-2.51M	-2.34M
Cash from Financing	-15.2M	-13.03M	-5.18M	-5.21M	-4.84M
Miscellaneous Cash Flow Adjustments	1K	-	-	1K	-1K
Net Change in Cash	5.68M	1.58M	-1.18M	-1.13M	-6.01M
Supplemental Items
Cash Interest Paid	3.02M	2.57M	2.6M	2.51M	2.34M
Cash Income Tax Paid (Refund)	1.08M	342K	59K	-	161K
Levered Free Cash Flow	22.65M	15.1M	3.77M	552K	-732K
Unlevered Free Cash Flow	24.96M	16.98M	5.9M	2.56M	938K
Change In Net Working Capital	-10.53M	373K	-3.49M	2.95M	16K
Net Debt Issued / Repaid	-12.21M	-10.45M	-2.58M	-2.7M	-2.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	12.19	19.79	-10.83	12.21	-20.18
Return on Total Capital	17.73	26.37	-13.59	14.61	-23.43
Return On Equity %	-99.12	362.96	-176.21	140.23	384.59
Return on Common Equity	-99.12	362.96	-176.21	140.23	384.59
Margin Analysis
Gross Profit Margin %	87.87	87.88	84.63	64.14	31.69
SG&A Margin	9.69	10.15	30.77	12.67	13.64
EBITDA Margin %	53.18	55.57	-24.22	42.95	-6.48
EBITA Margin %	40.4	44.68	-69.47	30.34	-14.03
EBIT Margin %	31.89	37.49	-76.39	22.74	-27.63
Income From Continuing Operations Margin %	17.05	32	-102.38	11.4	-60.44
Net Income Margin %	17.05	32	-102.38	11.4	-60.44
Net Avail. For Common Margin %	17.05	32	-102.38	11.4	-60.44
Normalized Net Income Margin	7.23	18.72	-64.14	6.55	-23.56
Levered Free Cash Flow Margin	78.46	43.16	47.26	2.23	-3.1
Unlevered Free Cash Flow Margin	86.44	48.56	73.89	10.35	3.98
Asset Turnover
Asset Turnover	0.61	0.84	0.23	0.86	1.17
Fixed Assets Turnover	1.38	2.23	0.72	3.5	7.53
Receivables Turnover (Average Receivables)	6.16	6.51	1.76	24.32	16.93
Inventory Turnover (Average Inventory)	0.82	1.06	0.3	2.39	8.54
Short Term Liquidity
Current Ratio	1.54	1.68	2.12	0.63	5.4
Quick Ratio	1.02	1.38	1.55	0.47	4.63
Operating Cash Flow to Current Liabilities	1.81	1.15	0.67	0.35	0.83
Days Sales Outstanding (Average Receivables)	59.23	56.04	207.24	15.05	21.56
Days Outstanding Inventory (Average Inventory)	444.99	343.01	1.21K	153.36	42.72
Average Days Payable Outstanding	242.63	195.35	686.57	84.98	43.96
Cash Conversion Cycle (Average Days)	261.59	203.7	734.56	83.43	20.31
Long Term Solvency
Total Debt/Equity	-1.24K	287.33	3.65K	648.52	-184.45
Total Debt / Total Capital	108.81	74.18	97.33	86.64	218.42
LT Debt/Equity	-987.15	225.8	3.28K	1.14	-182.91
Long-Term Debt / Total Capital	86.95	58.3	87.59	0.15	216.59
Total Liabilities / Total Assets	106.26	79.66	97.84	88.52	202.65
EBIT / Interest Expense	2.5	4.34	-1.79	1.75	-2.44
EBITDA / Interest Expense	5.45	7.91	0.26	3.95	0.31
(EBITDA - Capex) / Interest Expense	5.43	7.8	-0.02	3.89	-0.11
Total Debt / EBITDA	1.54	1.04	25.11	1.75	23.93
Net Debt / EBITDA	1.05	0.57	13.36	1.03	20.2
Total Debt / (EBITDA - Capex)	1.55	1.06	-300.23	1.77	-69.39
Net Debt / (EBITDA - Capex)	1.06	0.57	-159.75	1.05	-58.57
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	15.89	21.14	-77.16	209.55	-4.62
Gross Profit, 1 Yr. Growth %	33.59	21.15	-78.01	134.62	-52.87
EBITDA, 1 Yr. Growth %	-755.64	26.58	-109.96	-648.84	-114.39
EBITA, 1 Yr. Growth %	-292.05	33.97	-135.51	-235.18	-144.13
EBIT, 1 Yr. Growth %	-189.5	42.43	-146.53	-192.15	-215.88
Earnings From Cont. Operations, 1 Yr. Growth %	-121.05	127.39	-173.07	-134.48	-605.5
Net Income, 1 Yr. Growth %	-121.05	127.39	-173.07	-134.48	-605.5
Normalized Net Income, 1 Yr. Growth %	-121.86	213.72	-178.26	-131.59	-443.32
Diluted EPS Before Extra, 1 Yr. Growth %	-120.88	127.39	-173.07	-132.03	-650
Accounts Receivable, 1 Yr. Growth %	-78.86	495.28	-85.86	-19.93	108.78
Inventory, 1 Yr. Growth %	-19.32	9.05	-3.56	-14.69	-89.77
Net Property, Plant and Equip., 1 Yr. Growth %	-30.09	-17.88	-42.6	-25.89	-95.86
Total Assets, 1 Yr. Growth %	-25.99	6.27	-34.94	7.35	-64.59
Tangible Book Value, 1 Yr. Growth %	-49.38	-232.22	-105.12	51.93	2.16K
Common Equity, 1 Yr. Growth %	-66.1	-445.31	-93.08	469.22	-416.69
Cash From Operations, 1 Yr. Growth %	-1.38K	-29.98	-70.1	84.73	-87.3
Capital Expenditures, 1 Yr. Growth %	-85.48	252.22	198.42	-81.92	556.73
Levered Free Cash Flow, 1 Yr. Growth %	790.47	-33.36	-75	-85.37	-232.49
Unlevered Free Cash Flow, 1 Yr. Growth %	330.01	-31.95	-65.25	-56.65	-63.32
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-43.16	18.49	-47.4	-15.92	71.83
Gross Profit, 2 Yr. CAGR %	-41.75	27.22	-48.38	-28.17	5.16
EBITDA, 2 Yr. CAGR %	-34.9	188.09	-64.5	-26.08	-11.14
EBITA, 2 Yr. CAGR %	-38.26	60.4	-31.03	-30.72	-22.77
EBIT, 2 Yr. CAGR %	-36.28	12.91	-18.59	-34.52	3.34
Earnings From Cont. Operations, 2 Yr. CAGR %	-42.79	-30.82	28.9	-49.8	32.03
Net Income, 2 Yr. CAGR %	-42.79	-30.82	28.9	-49.8	32.03
Normalized Net Income, 2 Yr. CAGR %	-55.53	-17.18	56.69	-50.28	4.15
Diluted EPS Before Extra, 2 Yr. CAGR %	-41.55	-31.1	28.9	-51.62	32.73
Accounts Receivable, 2 Yr. CAGR %	-76.17	12.19	-8.24	-66.35	29.29
Inventory, 2 Yr. CAGR %	-32.06	-6.2	2.55	-9.29	-70.46
Net Property, Plant and Equip., 2 Yr. CAGR %	-35.67	-24.23	-31.35	-34.78	-82.48
Total Assets, 2 Yr. CAGR %	-38.31	-11.32	-16.85	-16.43	-38.35
Tangible Book Value, 2 Yr. CAGR %	-19.99	-18.19	-73.98	-72.11	485.55
Common Equity, 2 Yr. CAGR %	-60.33	8.19	-51.11	-37.22	324.58
Cash From Operations, 2 Yr. CAGR %	-15.12	199.19	-54.24	-25.68	-51.56
Capital Expenditures, 2 Yr. CAGR %	-73.73	-28.5	224.21	-26.55	8.95
Levered Free Cash Flow, 2 Yr. CAGR %	0.04	143.61	-59.18	-80.88	-55.98
Unlevered Free Cash Flow, 2 Yr. CAGR %	-4.18	71.07	-51.37	-61.19	-60.12
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.91	-26.85	-31.56	-5.04	-12.31
Gross Profit, 3 Yr. CAGR %	25.73	-25.64	-29.13	-14.5	-37.58
EBITDA, 3 Yr. CAGR %	10.89	-18.75	-6.17	-11.56	-57.16
EBITA, 3 Yr. CAGR %	-13.58	-20.07	-2.97	-13.69	-40.39
EBIT, 3 Yr. CAGR %	-31.88	-16.69	-15.98	-15.16	-20.8
Earnings From Cont. Operations, 3 Yr. CAGR %	-48.77	-9.38	-29.55	-16.94	8.4
Net Income, 3 Yr. CAGR %	-48.77	-9.38	-29.55	-16.94	8.4
Normalized Net Income, 3 Yr. CAGR %	-54.2	-14.71	-18.73	-8.12	-5.31
Diluted EPS Before Extra, 3 Yr. CAGR %	-50.75	-8.07	-29.74	-18.96	8.78
Accounts Receivable, 3 Yr. CAGR %	-33.95	-30.33	-43.75	-12.32	-38.16
Inventory, 3 Yr. CAGR %	-19.19	-20.45	-5.33	-3.55	-56.17
Net Property, Plant and Equip., 3 Yr. CAGR %	-17.83	-30.22	-30.93	-29.57	-73.98
Total Assets, 3 Yr. CAGR %	-18.73	-26.05	-20.02	-9.46	-37.23
Tangible Book Value, 3 Yr. CAGR %	-20.53	-5.41	-67.52	-53.15	20.63
Common Equity, 3 Yr. CAGR %	-8.93	-18.39	-56.73	10.81	7.66
Cash From Operations, 3 Yr. CAGR %	32.58	-20.36	38.85	-27.14	-58.75
Capital Expenditures, 3 Yr. CAGR %	-61.67	-37.59	15.12	23.86	52.44
Levered Free Cash Flow, 3 Yr. CAGR %	40.98	-12.63	14.06	-71.01	-63.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	73.21	-14.51	0.56	-53.2	-61.91
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-8.3	0.63	-24.02	-22.66	-1.09
Gross Profit, 5 Yr. CAGR %	-10.55	3.21	-11.94	-26.66	-17.01
EBITDA, 5 Yr. CAGR %	8.5	59.33	-29.69	-21.77	-8.19
EBITA, 5 Yr. CAGR %	-6.61	33.4	-21.04	-24.51	-11.43
EBIT, 5 Yr. CAGR %	-19.83	-1.55	-26.85	-24.34	-8.73
Earnings From Cont. Operations, 5 Yr. CAGR %	-37.79	-13.57	-25.9	-28.45	-9.43
Net Income, 5 Yr. CAGR %	-37.79	-13.57	-25.9	-28.45	-9.43
Normalized Net Income, 5 Yr. CAGR %	-35.25	-13.29	-25.09	-31.27	-10.25
Diluted EPS Before Extra, 5 Yr. CAGR %	-52.84	-26.19	-27.63	-28.89	-9.38
Accounts Receivable, 5 Yr. CAGR %	-31	-6.42	-24.67	-47.93	-21.53
Inventory, 5 Yr. CAGR %	-13.46	-10.4	-11.11	-16.17	-40.58
Net Property, Plant and Equip., 5 Yr. CAGR %	-16.4	-18.53	-23.53	-32.08	-60.1
Total Assets, 5 Yr. CAGR %	-18.44	-16.57	-17.99	-22.34	-27.93
Tangible Book Value, 5 Yr. CAGR %	-1.98	-1.2	-49.16	-41.96	3.27
Common Equity, 5 Yr. CAGR %	-40.14	-19.94	-28.99	-26.52	7.87
Cash From Operations, 5 Yr. CAGR %	93.4	61.23	-13.35	-22.53	-8.88
Capital Expenditures, 5 Yr. CAGR %	-51.63	-39.24	-9.95	-33.39	12.62
Levered Free Cash Flow, 5 Yr. CAGR %	29.42	17.27	-14.13	-52.42	-22.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	42.86	31.91	4.21	-37.67	-30.54