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<li>Archer posted a first-quarter profit of USD 3.6 million, swinging from a loss a year earlier, while operating profit edged down to USD 16 million.    *      Revenue fell 6.92% to USD 278.4 million versus the year-earlier quarter.     *      Net interest expense narrowed to USD 13 million from USD 37.5 million, lifting profit before tax to USD 3.9 million from a loss a year earlier.     *      Net cash from operating activities turned positive at USD 6.3 million, while cash and cash equivalents ended the quarter at USD 29.7 million.     *      Subsequent to quarter-end, Archer secured Equinor extensions including a three-year wireline and intervention contract valued at about NOK 3 billion, with around half attributable to Archer, and announced a quarterly cash distribution of NOK 0.62 per share. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Archer Limited published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here</li>
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<p>Archer reported a Q1 FY26 profit of USD 3.6 million, reversing a loss from the previous year, despite a 6.92% revenue decline to USD 278.4 million. Operating profit decreased to USD 16 million, while net interest expense fell to USD 13 million. Net cash from operations was positive at USD 6.3 million. Archer also secured a NOK 3 billion contract extension with Equinor and announced a quarterly cash distribution of NOK 0.62 per share.</p>

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Archer Q1 FY26 returns to profit of USD 3.6 million; revenue falls to USD 278.4 million