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Bristow Group Reports Record Revenues and Growth in 2025

Houston, February 25, 2026 – Bristow Group Inc., the leading global provider of innovative and sustainable vertical flight solutions, has announced its impressive financial results for the fiscal year ending December 31, 2025. The company reported total revenues of $1.5 billion, a notable increase from $1.4 billion in 2024. This growth signals Bristow's strategic focus on expanding its operations across various sectors, including offshore energy and government services.

Financial Highlights

Year-End Success

For the full year of 2025, Bristow achieved key financial milestones:

• - Net Income soared to $129.1 million, up from $94.8 million in 2024.
• - Adjusted EBITDA amounted to $245.6 million, aligning with the company's earnings guidance for the year.
• - Operating cash flow reached an impressive $198.4 million, reflecting the solid operational foundation and cash generation capabilities.
• - Bristow also declared a quarterly cash dividend of $0.125 per share, marking a significant step in the company's commitment to returning value to shareholders.

Quarterly Performance

In the fourth quarter of 2025, Bristow reported net income of $18.4 million, or $0.61 per diluted share, on revenues of $377.3 million. This was a decrease compared to the preceding quarter due to seasonal fluctuations and increased operational costs, particularly in the government services segment.

Segment Analysis

The financial performance of Bristow can be attributed to the strong performance in both Offshore Energy Services and Government Services.

Offshore Energy Services

The offshore energy segment contributed significantly to revenue with quarterly revenues at $247.5 million. The segment saw operating income maintained at around $42.2 million, demonstrating resilience amid market fluctuations. Moreover, annual revenues were noted at $990 million, showing year-over-year growth.

Government Services

Conversely, revenues from government services saw a modest downturn, largely due to seasonal variability in flight hours. The segment generated $100.1 million for the quarter, with adjusted operating income decreasing as the company implemented new government contracts.

2026 Outlook

Looking ahead, Bristow Group is optimistic about the future. The company's leadership, led by President and CEO Chris Bradshaw, expressed confidence in double growth for the adjusted operating income in the government services sector in 2026. Bristow anticipates an overall 25% increase in total adjusted EBITDA in the upcoming year, supported by increasing demand for services and improved contract renewal terms.

Strategic Initiatives

The company recently refinanced its senior notes, successfully upsizing the transaction to $500 million with an attractive interest rate of 6.75%, extending the maturity to 2033.

Bristow's robust liquidity position with $346.9 million in total liquidity showcases its strong balance sheet, allowing the company to engage in strategic investments, further enhancing its aviation services.

Conclusion

Bristow Group Inc. remains poised for continued success through strategic growth initiatives, effective cost management, and a commitment to shareholder returns. The company's strong financial standing and ambitious outlook position it as a leader in the aviation industry.

For more information, please visit Bristow's official website or refer to their investor relations section for financial reports and updates.