Operator
Hello, everybody, and welcome to today’s Archer Q4 2025 Trading Update and 2026 Outlook Presentation. My name is Seb, and I’ll be the operator for your call today. [Operator Instructions]
I will now hand you over to Dag Skindlo to begin the call. Please go ahead.
Dag Skindlo
Chief Executive Officer
Thank you. Good morning, and thank you for joining Archer’s trading update covering 2025 and our outlook for 2026. I am Dag Skindlo, CEO of Archer. I’m joined on today’s call by our CFO, Espen Joranger.
Moving to Slide 2. As a reminder, today’s discussion includes forward-looking statements and certain non-GAAP and IFRS measures historically. These statements involve risks and uncertainties, and actual results may differ materially. Please refer to the presentation and our disclosures for additional information.
Please note that we have changed our accounting standards from U.S. GAAP to IFRS. Unless stated otherwise, we will refer to financial measures as per IFRS in today’s call. I will go through the major impact on our financials in a few minutes.
Next slide, please. We will start by walking through our Q4 and 2025 highlights before we will provide a business update to each of our segments. Lastly, we will go through our outlook and guidance for 2026 before we open the call for questions and answers.
With that, let us move to Slide 4. Archer has more than 50 years of operating history and has developed into a global oilfield service company. We generated USD 1.2 billion in revenue in 2025 and employ approximately 4,500 people across 40 locations globally. Our operations are organized into four business areas: Well Services, Platform Operations, Land Drilling and Renewable Services. Together, these span the full life
