)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Shelf Drilling (North Sea) (SDNS) investor relations material
Shelf Drilling (North Sea) has been delisted
Shelf Drilling (North Sea) Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary7 Aug, 2025
Executive summary
Achieved significant improvement in safety performance, with a year-to-date total recordable incident rate of 0.16 as of June 30.
Adjusted EBITDA held stable at $94M in Q2 2025, with a margin of 39%, and net income was $11M.
Secured seven new contracts/extensions since Q1 2025, supporting backlog growth and revenue visibility.
Achieved net income of $16.1M for the six months ended June 30, 2025, reversing a net loss of $54.1M year-over-year.
Company became a wholly-owned subsidiary of SDL in October 2024.
Financial highlights
Adjusted revenue for Q2 2025 was $240M, down 1% sequentially due to contract completions.
Net debt declined by $62M from year-end 2024.
Consolidated cash balance as of June 30 was $172M, down from $207M at the end of March 2025, mainly due to $115M in debt service payments.
Capital expenditures and deferred costs increased to $18M in Q2 2025 from $16M in Q1 2025.
Cash and cash equivalents increased to $33.2M as of June 30, 2025, from $21.4M at year-end 2024.
Outlook and guidance
Full-year 2025 adjusted EBITDA guidance raised to $320–$360M, up from $310–$360M.
Revenues and effective utilization expected to improve in Q4 2025 as new contracts commence.
Total capital spending guidance for 2025 remains at $85–$115M.
The longest drilling contract extends through December 2026, providing revenue visibility.
Future amortization of contract liabilities and intangible liabilities is scheduled through 2026.
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Shelf Drilling (North Sea) Ltd., a subsidiary of Shelf Drilling Holdings Limited, is a United Arab Emirates-based company specializing in shallow water offshore drilling primarily within the North Sea region. The company focuses on the drilling, completion, and maintenance of shallow water offshore oil and natural gas wells, leveraging its fleet of modern high-specification harsh environment jack-up rigs. The company is headquartered in Dubai, United Arab Emirates, and its shares are listed on the Euronext Growth Exchange in Oslo.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage