Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 28

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 28
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     |      |  3,195 |
| Other interest expense                                   |     |                    |    391 |   |     |      |     27 |     |                   |    820 |   |     |      |    524 |
| Capitalized interest                                     |     |                    |   (641 | ) |     |      |      — |     |                   |   (641 | ) |     |      |      — |
|                                                          |     |                    |  1,662 |   |     |      |    993 |     |                   |  5,219 |   |     |      |  5,402 |
| Total interest expense                                   |     | $                  |  8,500 |   |     | $    | 10,057 |     | $                 | 30,534 |   |     | $    | 34,037 |

Interest expense for the three and nine months
ended September 30, 2025 is lower compared to the three and nine months ended September 30, 2024 due to the debt refinancing transactions
that occurred in 2025 that results in lower base principal and will result in accretion of the gain over the life of the debt.

Income Taxes

| (in thousands, except for percentages)                              |     | 2025 | Three Months Ended September 30, |    |     | 2024 |        |   |     | $ Change |       |     | 2025 | Nine Months Ended September 30, |    |     | 2024 |         |    |     | $ Change |        |
|:--------------------------------------------------------------------|:----|:-----|---------------------------------:|:---|:----|:-----|-------:|:--|:----|:---------|------:|:----|:-----|--------------------------------:|:---|:----|:-----|--------:|:---|:----|:---------|-------:|
| Loss from continuing operations before income tax expense (benefit) |     | $    |                           (1,314 | )  |     | $    | (8,419 | ) |     | $        | 7,105 |     | $    |                         (15,527 | )  |     | $    | (40,925 | )  |     | $        | 25,398 |
| Income tax expense (benefit)                                        |     | $