OKEA Reports First Quarter 2025 Earnings

OKEA (OB:OKEA) First Quarter 2025 Results

Key Financial Results

• Revenue: US$271.4m (down 14% from 1Q 2024).
• Net income: US$21.3m (up from US$4.56m loss in 1Q 2024).
• Profit margin: 7.9% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses.

Our free stock report includes 1 warning sign investors should be aware of before investing in OKEA. Read for free now.

All figures shown in the chart above are for the trailing 12 month (TTM) period

OKEA Earnings Insights

Looking ahead, revenue is expected to fall by 10% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the Oil and Gas industry in Norway.

Performance of the Norwegian Oil and Gas industry.

The company's shares are down 3.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for OKEA you should know about.

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