Bristow Group Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2025

The Company’s basic earnings (losses) per common share are computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding during the relevant period. Diluted earnings (losses) per common share of the Company are computed by dividing income available to common stockholders by the weighted average number of common shares issued and outstanding, inclusive of the effect of potentially dilutive securities (such as options to purchase common shares and restricted stock units and awards which were outstanding during the period but were anti-dilutive) through the application of the treasury method and/or the if-converted method, when applicable.

The following table shows the computation of basic and diluted earnings (losses) per share (in thousands, except per share amounts):


	Year Ended December 31, 2025		Year Ended December 31, 2024		Year Ended December 31, 2023
Income (loss)
Net income (loss) attributable to Bristow Group Inc.	$	129,074	$	94,797	$	(6,780)
Shares of common stock:
Weighted average shares of common stock outstanding – basic	28,864		28,515		28,139
Net effect of dilutive stock	1,020		1,037		—
Weighted average shares of common stock outstanding – diluted(1)	29,884		29,552		28,139

Earnings (losses) per common share - basic	$	4.47	$	3.32	$	(0.24)
Earnings (losses) per common share - diluted	$	4.32	$	3.21	$	(0.24)

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(1)Excludes weighted average common shares of 64,131, 28,378, and 1,920,901 for the years ended December 31, 2025, 2024, 2023, respectively, for certain share awards, as the effect of their inclusion would have been antidilutive.