Helix reported Q4 2025 net income of USD 8.3 million (USD 0.06 per diluted share) and Adjusted EBITDA of USD 73.9 million, with revenues of USD 334.16 million and gross profit of USD 50.66 million (15%). Q4 operating cash flow was USD 113.16 million and free cash flow was USD 107.47 million. Results included an approximately USD 18.1 million pre-tax non-cash impairment charge related to certain oil and gas properties (Thunder Hawk field). For FY 2025, Helix posted net income of USD 30.83 million (USD 0.21 per diluted share) on revenues of USD 1.29 billion, with Adjusted EBITDA of USD 271.96 million and free cash flow of USD 120.41 million. Cash and cash equivalents were USD 445.2 million at year-end, and net debt was negative USD 137.2 million; long-term debt totaled USD 308 million. Helix said it generated over USD 100 million of Q4 free cash flow and highlighted a multi-year P&A program in the UK North Sea covering up to 34 subsea wells; it also said Thunder Hawk is expected to resume production in early April following a recompletion in February.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Helix Energy Solutions Group Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260223175999) on February 23, 2026, and is solely responsible for the information contained therein.