Transocean parent statutory net income $263.4M in 2024; currency change boosts equity

Transocean Ltd.

Net income of $263.4M vs CHF 602.3M in 2023 (non-comparable due to redenomination).
Recognized $281.1M translation gain from adopting USD as reporting currency effective Jan 1, 2024.
Investments in subsidiaries grew to $6.25B from CHF 5.01B, including $297M Orion acquisition in June.
Released $169M excess reserves; no impairment taken on subsidiary investments.
Parent had fewer than 10 employees; shares trade on NYSE under RIG.

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