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Archer ( (ARHVF) ) has shared an announcement.
Archer Limited has published its 2025 Annual Report with audited consolidated financial statements, revealing differences from the preliminary 2025 figures released in February. The main change stems from the sale of the workover and pulling business in DLS South, which has been classified as held for sale as of 31 December 2025 and measured under relevant standards, leading to additional impairment charges and a corresponding hit to net income.
Aside from this adjustment, no other material deviations were identified between the preliminary numbers and the audited results, underscoring the overall stability of the company’s reported performance. Archer also confirmed it has completed its transition from US GAAP to IFRS Accounting Standards effective 1 January 2025, with 2024 comparatives restated, a shift that may enhance comparability for international investors and align the company more closely with global reporting practices.
More about Archer
Archer Limited is an oilfield services company headquartered in Hamilton, Bermuda, providing well services and related operations to the energy industry. The company focuses on drilling, workover and intervention activities, serving operators in key offshore and onshore markets with a range of production and maintenance solutions.
Average Trading Volume: 183,994
Current Market Cap: NOK2.79B
For an in-depth examination of ARHVF stock, go to TipRanks’ Overview page.