---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-25-000020"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T15:48:34.672656+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001451505-25-000020
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150525000020/0001451505-25-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150525000020/rig-20250218x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-25-000020
- JSON: https://secwatch.observer/filing/0001451505-25-000020.json
- Plain text: https://secwatch.observer/filing/0001451505-25-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.