BORR FINANCIAL STATEMENTS

Borr Drilling Ltd — balance sheet, income statement and cash flow trends

BORRBorr Drilling Ltd

🇺🇸 USA · NYSE · Energy · Oil & Gas Drilling

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue1.1 B $+5.8%

Gross Profit483.3 M $-43.7%

Operating Income308 M $-11.8%

EBITDA455.9 M $+1.4%

Net Income35.9 M $-29.3%

Peer Comparison· Oil & Gas Drilling

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BORR	5.8%	46.0%	43.4%	3.4%
PD	0.1%	33.5%	25.9%	-0.8%
Industry median	3.0%	23.4%	27.8%	1.3%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BORR	5.8%	46.0%	43.4%	3.4%
NBR	10.2%	24.6%	41.4%	6.4%
SDRL	8.3%	16.6%	20.1%	-1.7%
HP	29.7%	11.3%	12.9%	-9.4%
PTEN	-9.4%	8.8%	18.5%	-2.6%
VAL	-9.9%	24.5%	29.7%	45.4%
Industry median	3.0%	23.4%	27.8%	1.3%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity1.2 B $31%
Current Liabilities412.1 M $11%
Long-term Liabilities2.2 B $58%

Key Figures

YoY change

Total Assets3.8 B $+11.8%

Total Liabilities2.6 B $+7.4%

Total Equity1.2 B $+22.8%

Cash & ST Investments246.9 M $+45.2%

Total Debt2.3 B $+9.0%

Net Debt2.1 B $+5.8%

Peer Comparison· Oil & Gas Drilling

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BORR	1.55	192.5%	4.51	31.5%
PD	1.70	45.2%	1.42	58.9%
Industry median	1.77	43.5%	1.21	58.9%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BORR	1.55	192.5%	4.51	31.5%
NBR	1.97	374.1%	1.22	13.0%
SDRL	1.94	21.5%	1.07	71.4%
HP	1.71	79.2%	3.46	39.9%
PTEN	1.84	40.1%	1.08	59.1%
VAL	1.48	36.5%	0.87	58.9%
Industry median	1.77	43.5%	1.21	58.9%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow161.3 M $-14.3%

Capital Expenditures282.3 M $-32.1%

Free Cash Flow-121 M $—

Dividends Paid222.8 K $-99.6%

Peer Comparison· Oil & Gas Drilling

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BORR	15.3%	-11.5%	26.9%	449.3%
PD	22.0%	7.7%	14.3%	-2,698.0%
Industry median	19.1%	5.6%	14.9%	70.7%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BORR	15.3%	-11.5%	26.9%	449.3%
NBR	22.2%	0.1%	22.2%	345.7%
SDRL	-1.6%	-3.8%	8.4%	95.8%
HP	13.7%	6.4%	7.3%	-145.7%
PTEN	17.5%	5.9%	11.7%	-685.0%
VAL	20.7%	5.3%	15.4%	45.6%
Industry median	19.1%	5.6%	14.9%	70.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.