Archer Limited ( (ARHVF) ) has released its Q2 earnings. Here is a breakdown of the information Archer Limited presented to its investors.
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Archer Limited is an international oilfield service company, operating in the oil and renewable energy sectors, providing services such as platform drilling, land drilling, and engineering services. In its second quarter of 2025, Archer Limited reported a revenue increase of 12.9% year-over-year, reaching $348.9 million, driven by higher activity in Well Services and Platform Operations, despite reduced activity in Land Drilling. The company’s Adjusted EBITDA rose by 29.5% to $41.7 million, although exceptional items related to restructuring costs in Argentina impacted the results. Net income for the quarter was $1.4 million, up from $1.0 million in the previous year. For the first half of 2025, Archer’s revenue increased by 12% to $691.4 million, with significant contributions from the Renewables segment and the consolidation of Iceland Drilling. However, the company reported a net loss of $27.6 million for the period, attributed to financial costs related to refinancing activities. Looking ahead, Archer Limited remains optimistic about its role in the evolving energy sector, with expectations of continued demand for its services in both oil and gas and renewable energy markets. The company is focused on capitalizing on opportunities in the North Sea and Argentina, while also expanding its presence in the geothermal and offshore wind markets.