Fact Sheet PDF

Borr Drilling Limited is an international drilling contractor incorporated in Bermuda in 2016 and listed on the Oslo Stock Exchange from August 30, 2017 until December 2024 and New York Stock Exchange from July 31, 2019 under the ticker BORR. The company owns and operates jack-up rigs of modern and high-specification designs providing drilling services to the oil and gas exploration and production industry worldwide in water depths up to approximately 400 feet.

With a low cost base, a strong and experienced organisational culture, combined with a unique capital structure, Borr Drilling is built to make a difference.

Key Figures	2022	2023	2024
Operating Results ($ millions)
Total operating revenues	443.8	771.6	1,010.6
Total operating expenses	549.9	521.8	636.8
Operating income	(101.9)	250.4	374.2
Net income	(292.8)	22.1	82.1
Adjusted EBITDA	157.3	367.8	505.4
Balance Sheet ($ millions)
Total assets	3,001.7	3,080.1	3,419.6
Total liabilities	2,103.9	2,096.1	2,426.3
Total equity	897.8	984.0	993.3
Cash Flows ($ millions)
Net cash (used in) / provided by operating activities	62.5	(50.7)	77.3
Net cash used in investing activities	(82.6)	(104.2)	(409.4)
Net cash provided by financing activities	92.6	139.0	292.0
Net (decrease) / increase in cash, cash equivalents and restricted cash	72.5	(15.9)	(40.1)
Cash and cash equivalents and restricted cash at end of the period	118.5	102.6	62.5
Financial Ratios
Basic and diluted income per share ($)	(1.64)	0.09	0.33
Current ratio	0.47	1.14	1.26
ROA (%)	(9.75)	0.72	2.40
ROE (%)	(32.61)	2.25	8.27

News
08/04/2025	Borr Drilling Limited - Contracting and Fleet Updates
25/03/2025	Borr Drilling Limited - Filing of 2024 Annual Report on Form 20-F
17/03/2025	Borr Drilling Limited - Notice of Annual General Meeting