Civeo reported Q4 2024 revenues of $151.0 million with a net loss of $15.1 million. The Australian segment experienced revenue growth of 23%. The Canadian segment faced headwinds, with revenues decreasing by 44%.
Fourth quarter revenues were reported at $151.0 million.
The net loss for the fourth quarter was $15.1 million.
Operating cash flow for the fourth quarter reached $9.5 million.
Australian revenues grew by 23% year-over-year.
For the full year of 2025, excluding any contribution from the recently announced Australian asset acquisition, Civeo expects revenues of $630.0 million to $660.0 million, Adjusted EBITDA of $80.0 million to $90.0 million and capital expenditures of $25.0 million to $30.0 million.
Visualization of income flow from segment revenue to net income
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