Borr Drilling Ltd. Files 6-K for Q2 2025 Financials

TL;DR

Borr Drilling's Q2 2025 financials are in, showing revenue and liability details vs. last year.

AI Summary

Borr Drilling Ltd. filed a 6-K report for the period ending June 30, 2025. The filing includes financial data for the second quarter and the first half of 2025, comparing it to the same periods in 2024. Specific financial line items like 'Other Liabilities Current' and 'Other Liabilities Noncurrent' are detailed, along with revenue figures.

Why It Matters

This filing provides investors with updated financial performance data for Borr Drilling Ltd., allowing for analysis of revenue trends and liability management in the oil and gas drilling sector.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing standard financial disclosures and does not indicate any unusual events or significant changes.

Key Numbers

• 2025-06-30 — Period End Date (Indicates the end of the reporting quarter)
• 2025-01-01 — Period Start Date (Indicates the start of the reporting period for the first half)

Key Players & Entities

• Borr Drilling Ltd. (company) — Filer of the report
• 20250630 (date) — Period of report
• 20250813 (date) — Filing date
• 001-39007 (company) — SEC File Number

FAQ

Key Financial Figures

• $2.05 — 0,000 shares at a subscription price of $2.05 per share for total gross proceeds of $
• $102.5 million — 5 per share for total gross proceeds of $102.5 million. The offering was completed and the pro
• $0.10 — w common shares with a nominal value of $0.10 per share. In connection with the publ
• $27.9 million — 24 Net income: Net income decreased by $27.9 million to net income of $18.2 million for the
• $18.2 million — eased by $27.9 million to net income of $18.2 million for the six months ended June 30, 2025
• $46.1 million — June 30, 2025 compared to net income of $46.1 million in the same period in 2024. The decreas
• $21.6 million — : Total operating revenues decreased by $21.6 million to $484.3 million for the six months en
• $484.3 million — revenues decreased by $21.6 million to $484.3 million for the six months ended June 30, 2025
• $505.9 million — months ended June 30, 2025 compared to $505.9 million for the same period in 2024. The overal
• $35.0 million — The overall decrease is comprised of a $35.0 million decrease in related party revenue which
• $10.0 million — e. The overall decrease also includes a $10.0 million decrease in bareboat charter revenue as
• $19.4 m — et by an increase in dayrate revenue of $19.4 million, including $65.4 million is attri
• $65.4 million — ate revenue of $19.4 million, including $65.4 million is attributable to an increase in avera
• $9.1 million — to an increase in average dayrates and $9.1 million attributable to an increase in the numb
• $28.9 million — r of rigs in operation, offset by (i) a $28.9 million decrease related to other revenue, whic

Filing Documents

• borr-20250630.htm (6-K) — 1195KB
• 0001628280-25-040141.txt ( ) — 7805KB
• borr-20250630.xsd (EX-101.SCH) — 72KB
• borr-20250630_cal.xml (EX-101.CAL) — 94KB
• borr-20250630_def.xml (EX-101.DEF) — 315KB
• borr-20250630_lab.xml (EX-101.LAB) — 587KB
• borr-20250630_pre.xml (EX-101.PRE) — 475KB
• borr-20250630_htm.xml (XML) — 1268KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Borr Drilling Limited (Registrant) By: /s/ Magnus Vaaler Name: Magnus Vaaler August 13, 2025 Title: Principal Financial Officer UNAUDITED INTERIM FINANCIAL REPORT

Forward-Looking Statements

Forward-Looking Statements This document and any other written or oral statements made by us in connection with this document include forward-looking statements which are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts are forward-looking statements. You can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "estimate," "intend," "plan," "believe," "likely to" "should," "continue" or other similar expressions. These forward-looking statements include statements about plans, objectives, goals, strategies, future events or performance, outlook, prospects and trends, market outlook and other non-historical statements. These forward-looking statements are not statements of historical facts and are based upon current estimates, expectations, beliefs and various assumptions, many of which are based, in turn, upon further assumptions. These statements involve significant known and unknown risks, uncertainties, contingencies and factors that are difficult or impossible to predict and are beyond our control, and that may cause our actual results, performance, financial results, position or achievements to be materially different from those expressed or implied by the forward-looking statements. Numerous factors could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by these forward-looking statements including: risks relating to our industry and business, risks relating to industry conditions and tendering activity, risks relating to customer demand and contracting activity and the risk of suspension and or termination of operations, the risk of delays in payments to our joint ventures and consequent payments to us, the risk that our customers do not comply with their contractual obligation

View Full Filing

View this 6-K filing on SEC EDGAR