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Borr Drilling Limited Q2 2025 Presentation
ByAinvest
Thursday, Aug 14, 2025 9:14 am ET1min read
Borr Drilling Limited has announced its Q2 2025 presentation, with a webcast and conference call scheduled for August 14, 2025. The presentation can be accessed through a link on the company's website or by registering for the conference call. Questions should be directed to CFO Magnus Vaaler at +44 1224 289208. A replay stream of the call will be available after the event.
Borr Drilling Limited (NYSE: BORR) has released its unaudited results for the second quarter of 2025, showcasing a significant improvement in financial performance. The company reported total operating revenues of $267.7 million, a 24% increase from the first quarter of 2025, and net income of $35.1 million, up from a net loss in the first quarter. Adjusted EBITDA also saw a substantial rise, reaching $133.2 million, an increase of 39% compared to the first quarter.During the quarter, Borr Drilling secured 14 new contract commitments, representing approximately 2,584 days and $318 million of potential contract revenue. The company also appointed Bruno Morand as CEO, effective September 1, 2025, with Patrick Schorn becoming Executive Chair of the Company's Board of Directors.
In July 2025, Borr Drilling strengthened its liquidity by more than $200 million through an equity offering of $102.5 million and commitments from commercial banks, which improved the terms of its revolving credit facilities. The company anticipates a comparable level of activity in the third quarter and is comfortable with the current Bloomberg consensus estimate of 2025 Adjusted EBITDA of approximately $470 million.
The Mexican government's renewed commitment to strengthening Pemex's liquidity and restated goal to achieve 1,800 mbpd in production positions Borr Drilling well to capture incremental drilling activity, particularly under private investment projects.
Borr Drilling Limited has scheduled a conference call and webcast for Thursday, August 14, 2025, at 9:00 AM New York Time (15:00 CET). Questions should be directed to CFO Magnus Vaaler at +44 1224 289208. A replay stream of the call will be available after the event.
[1] https://www.morningstar.com/news/pr-newswire/20250813io51160/borr-drilling-limited-announces-second-quarter-2025-results
[2] https://stockstotrade.com/news/borr-drilling-limited-borr-news-2025_08_13/
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