Zero Air Accidents and Improved Workplace Safety
Bristow achieved its target of zero air accidents in Q1 2025 and experienced fewer recordable injuries and lost workdays compared to Q1 2024.
Affirmation of Financial Guidance
Bristow reaffirmed its financial guidance for 2025 with expected revenues of $1.4 billion to $1.6 billion and adjusted EBITDA of $230 million to $260 million. The 2026 guidance was also affirmed.
Strong Offshore Energy Services Outlook
Despite challenges, the outlook for the Offshore Energy Services business remains positive with deepwater projects favorably positioned in portfolios, driving continued investments.
Government Services Revenue Increase
Revenues from Government Services increased by $3.4 million, primarily due to the Irish Coast Guard contract.
Stable Financial Position
Bristow reported available liquidity of approximately $254 million and has funded 86% of the capital investments needed for new government services contracts.