Archer Limited (ARHVF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to this first quarter 2025 result announcement from Archer. Today we have the pleasure of having CEO Dag Skindlo and CFO Espen Juranger with us who will take us through the report. Dag, the word is yours. thank you and good morning everyone and uh thank you to arctic for hosting the streaming today i will today go through the first quarter 2025 give you some color on that and try to take question along or at the end i think you know so please please feel free to ask questions uh usual for looking statements warnings uh before i start i think it's important for for for us to say the highlight for us in q1 is that we start paying dividend now we have confirmed today that we are starting to pay dividend about 5.5 million dollars now for q2 it's a direct wheel around 11 a little bit about uh the share price today but it's really a testimony to the job we have done in the last few years growing the business growing the ability but most importantly growing our cash contribution significantly over the last few years we have refinanced and now we are able to pay dividends so i know for a lot of shareholders that has been a long long journey but now we are here and we are confident that we will continue to pay dividend and that we have a good cash flow going forward So with that, just to remind you all, Archer, typically, well services and brewing services, we are a well company. We focus on the well. We have about $1.3 billion of revenue, and we have about 5,000 employees. We are operating about 40 locations globally. To the financials first, we have, as you can see, grown quite significantly the last few years. If we meet our guidance for this year, we will have grown about 24% since 2022, in a mix of organic growth and true M&A. So I think...