Here are the DEF 14A proxy statements from Valaris Limited (VAL) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow VAL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VAL filings page.
Valaris Limited asks shareholders to elect six incumbent directors, approve 2025 executive pay on an advisory basis, and ratify KPMG as auditor, while highlighting strong 2025 performance and a pending all‑stock combination with Transocean.
For 2025, Valaris generated net income of $979.1 million, Adjusted EBITDA of $642.2 million, cash from operating activities of $546.2 million and Adjusted Free Cash Flow of $340.6 million. The company achieved fleet revenue efficiency of 96% for the fifth consecutive year, secured about $2.6 billion of contract backlog in 2025 plus roughly $900 million early in 2026, and expects all ten active drillships to be working as it enters 2027.
Valaris repurchased $100 million of shares, or about 2.0 million shares, and sold three semisubmersibles and four jackups for over $130 million, improving its asset base and liquidity. Governance features include an independent chair, an 83% independent board, fully independent key committees, strong share‑ownership guidelines and a 2025 say‑on‑pay result with 95% support.