Reach Subsea (REACH) - Net Assets

Latest as of December 2025: Nkr1.22 Billion NOK ≈ $128.20 Million USD

Based on the latest financial reports, Reach Subsea (REACH) has net assets worth Nkr1.22 Billion NOK (≈ $128.20 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr3.61 Billion ≈ $379.43 Million USD) and total liabilities (Nkr2.39 Billion ≈ $251.24 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check REACH financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr1.22 Billion
% of Total Assets	33.79%
Annual Growth Rate	15.17%
5-Year Change	324.77%
10-Year Change	647.64%
Growth Volatility	302.11

Reach Subsea - Net Assets Trend (2000–2025)

This chart illustrates how Reach Subsea's net assets have evolved over time, based on quarterly financial data. Also explore how large is Reach Subsea's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Reach Subsea (2000–2025)

The table below shows the annual net assets of Reach Subsea from 2000 to 2025. For live valuation and market cap data, see REACH market cap.

Year	Net Assets	Change
2025-12-31	Nkr1.22 Billion ≈ $128.20 Million	+11.57%
2024-12-31	Nkr1.09 Billion ≈ $114.90 Million	+17.66%
2023-12-31	Nkr928.00 Million ≈ $97.65 Million	+60.15%
2022-12-31	Nkr579.44 Million ≈ $60.97 Million	+102.03%
2021-12-31	Nkr286.81 Million ≈ $30.18 Million	+36.47%
2020-12-31	Nkr210.15 Million ≈ $22.11 Million	+26.73%
2019-12-31	Nkr165.83 Million ≈ $17.45 Million	-21.50%
2018-12-31	Nkr211.25 Million ≈ $22.23 Million	-3.13%
2017-12-31	Nkr218.08 Million ≈ $22.95 Million	+33.83%
2016-12-31	Nkr162.95 Million ≈ $17.15 Million	+3.50%
2015-12-31	Nkr157.44 Million ≈ $16.57 Million	+2.12%
2014-12-31	Nkr154.18 Million ≈ $16.22 Million	+19.61%
2013-12-31	Nkr128.90 Million ≈ $13.56 Million	+191.45%
2012-12-31	Nkr44.23 Million ≈ $4.65 Million	-81.08%
2011-12-31	Nkr233.77 Million ≈ $24.60 Million	-41.27%
2010-12-31	Nkr398.06 Million ≈ $41.89 Million	-89.67%
2009-12-31	Nkr3.85 Billion ≈ $405.64 Million	+342.35%
2008-12-31	Nkr871.44 Million ≈ $91.70 Million	+13.10%
2007-12-31	Nkr770.47 Million ≈ $81.08 Million	+43.27%
2006-12-31	Nkr537.77 Million ≈ $56.59 Million	-10.43%
2005-12-31	Nkr600.37 Million ≈ $63.18 Million	+64.08%
2004-12-31	Nkr365.89 Million ≈ $38.50 Million	+56.47%
2003-12-31	Nkr233.85 Million ≈ $24.61 Million	+432.99%
2002-12-31	Nkr43.87 Million ≈ $4.62 Million	+1468.05%
2001-12-31	Nkr2.80 Million ≈ $294.43K	-92.16%
2000-12-31	Nkr35.68 Million ≈ $3.75 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Reach Subsea's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Nkr327.38 Million	26.87%
Other Components	Nkr890.89 Million	73.13%
Total Equity	Nkr1.22 Billion	100.00%

Reach Subsea Competitors by Market Cap

The table below lists competitors of Reach Subsea ranked by their market capitalization.

Company	Market Cap
Arizon RFID Tech (Cayman) Co TW:6863	$239.48 Million
Even Construtora e Incorporadora S.A SA:EVEN3	$239.62 Million
Bicycle Therapeutics Ltd NASDAQ:BCYC	$239.66 Million
Selvas Ai Inc. KQ:108860	$239.67 Million
Bank Yudha Bhakti Tbk JK:BBYB	$239.38 Million
Aeluma, Inc NASDAQ:ALMU	$239.34 Million
Highview Merger Corp. Class A Ordinary Share NASDAQ:HVMC	$239.32 Million
Amaero Ltd AU:3DA	$239.27 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Reach Subsea's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,091,914,000 to 1,218,266,000, a change of 126,352,000 (11.6%).
Net income of 108,102,000 contributed positively to equity growth.
Dividend payments of 137,498,000 reduced retained earnings.
Share repurchases of 146,640,000 reduced equity.
New share issuances of 146,640,000 increased equity.
Other comprehensive income decreased equity by 31,913,000.
Other factors increased equity by 187,661,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr108.10 Million	+8.87%
Dividends Paid	Nkr137.50 Million	-11.29%
Share Repurchases	Nkr146.64 Million	-12.04%
Share Issuances	Nkr146.64 Million	+12.04%
Other Comprehensive Income	Nkr-31.91 Million	-2.62%
Other Changes	Nkr187.66 Million	+15.4%
Total Change	Nkr-	11.57%

Book Value vs Market Value Analysis

This analysis compares Reach Subsea's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.87x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.01x to 1.87x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	Nkr603.17	Nkr6.95	x
2005-12-31	Nkr865.81	Nkr6.95	x
2006-12-31	Nkr760.05	Nkr6.95	x
2007-12-31	Nkr635.99	Nkr6.95	x
2008-12-31	Nkr728.59	Nkr6.95	x
2009-12-31	Nkr11732.55	Nkr6.95	x
2010-12-31	Nkr6.17	Nkr6.95	x
2011-12-31	Nkr3.24	Nkr6.95	x
2012-12-31	Nkr2.76	Nkr6.95	x
2013-12-31	Nkr2.05	Nkr6.95	x
2014-12-31	Nkr1.96	Nkr6.95	x
2015-12-31	Nkr2.07	Nkr6.95	x
2016-12-31	Nkr1.93	Nkr6.95	x
2017-12-31	Nkr1.58	Nkr6.95	x
2018-12-31	Nkr1.46	Nkr6.95	x
2019-12-31	Nkr1.14	Nkr6.95	x
2020-12-31	Nkr1.46	Nkr6.95	x
2021-12-31	Nkr1.99	Nkr6.95	x
2022-12-31	Nkr2.76	Nkr6.95	x
2023-12-31	Nkr3.62	Nkr6.95	x
2024-12-31	Nkr3.61	Nkr6.95	x
2025-12-31	Nkr3.73	Nkr6.95	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Reach Subsea utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.87%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.04%
• Asset Turnover: 0.74x
• Equity Multiplier: 2.96x
Recent ROE (8.87%) is above the historical average (0.85%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	89.70%	7.87%	0.95x	12.01x	Nkr34.97 Million
2003	10.69%	5.00%	1.02x	2.10x	Nkr1.62 Million
2004	35.59%	22.10%	0.91x	1.76x	Nkr93.62 Million
2005	19.78%	12.69%	0.74x	2.11x	Nkr58.10 Million
2006	-1.95%	-1.12%	0.47x	3.71x	Nkr-63.67 Million
2007	-17.73%	-11.89%	0.61x	2.46x	Nkr-214.67 Million
2008	-13.41%	-8.16%	0.61x	2.72x	Nkr-200.78 Million
2009	-5.90%	-24.64%	0.23x	1.05x	Nkr-612.98 Million
2010	-78.45%	-38.42%	0.58x	3.50x	Nkr-350.77 Million
2011	-73.45%	-42.93%	0.43x	4.01x	Nkr-195.07 Million
2012	-12.43%	-154.41%	0.07x	1.15x	Nkr-9.92 Million
2013	-12.22%	-25.39%	0.29x	1.64x	Nkr-28.64 Million
2014	16.11%	7.98%	1.18x	1.71x	Nkr9.41 Million
2015	0.89%	0.22%	1.87x	2.15x	Nkr-14.35 Million
2016	-14.24%	-7.09%	1.10x	1.83x	Nkr-39.51 Million
2017	-14.11%	-8.54%	0.93x	1.78x	Nkr-52.57 Million
2018	-4.57%	-1.43%	1.37x	2.34x	Nkr-30.78 Million
2019	-21.53%	-7.02%	1.14x	2.69x	Nkr-52.29 Million
2020	20.51%	6.96%	1.70x	1.73x	Nkr22.09 Million
2021	32.71%	13.93%	0.90x	2.60x	Nkr65.13 Million
2022	12.46%	6.21%	1.22x	1.64x	Nkr14.24 Million
2023	24.33%	11.48%	0.73x	2.90x	Nkr132.99 Million
2024	18.81%	7.56%	0.84x	2.97x	Nkr96.24 Million
2025	8.87%	4.04%	0.74x	2.96x	Nkr-13.72 Million

Industry Comparison

This section compares Reach Subsea's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

Industry Context

Industry: Oil & Gas Equipment & Services
Average net assets among peers: $2,900,419,733
Average return on equity (ROE) among peers: 16.94%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Reach Subsea (REACH)	Nkr1.22 Billion	89.70%	1.96x	$239.42 Million
Akastor ASA (AKAST)	$5.86 Billion	28.21%	0.14x	$447.42 Million
Aker Solutions ASA (AKSO)	$18.95 Billion	61.40%	1.18x	$2.14 Billion
Argeo AS (ARGEO)	$4.20 Million	20.00%	0.36x	$2.98 Million
BW Offshore Ltd (BWO)	$70.49 Million	0.00%	2.41x	$1.00 Billion
Eidesvik Offshore ASA (EIOF)	$928.05 Million	37.29%	1.52x	$135.17 Million
Electromagnetic Geoservices ASA (EMGS)	$77.97 Million	-98.39%	1.12x	$3.40 Million
Edda Wind ASA (EWIND)	$29.65 Million	-6.46%	2.07x	$308.89 Million
Prosafe SE (PRS)	$141.60 Million	100.64%	2.48x	$132.99 Million
Petrolia SE (PSE)	$40.82 Million	9.74%	0.54x	$37.58 Million

About Reach Subsea

OL:REACH Norway Oil & Gas Equipment & Services

Market Cap

$239.42 Million

Nkr2.28 Billion NOK

Market Cap Rank

#15858 Global

#125 in Norway

Share Price

Nkr6.95

Change (1 day)

+1.61%

52-Week Range

Nkr5.97 - Nkr8.22

All Time High

Nkr10.00