Exhibit 99.1

Pro-Forma Results for the Year ended December 31, 2005

The following financial information reflects the pro-forma consolidated statement of operations of Trico Marine Services, Inc. (the “Company”) for the year ended December 31, 2005 prepared as if the financial reorganization occurred as of January 1, 2005. The pro-forma financial information reflects the consummation of our plan of reorganization, including the conversion of the Senior Notes into new common stock and the adoption of new accounting policies, which are discussed in more detail in Note 3 to the financial statements in Item 8 reported in the Company's 2005 Annual Report on Form 10-K. This pro-forma consolidated statement of operations should be read in conjunction with the consolidated financial statements, related notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2005.

The pro-forma consolidated statement of operations adjustments are based on available information and assumptions believed to be reasonable by management. The pro-forma financial information does not purport to present the results of operations of the Company had the reorganization occurred on the date specified (in thousands).

		Successor		Predecessor
		Company		Company
		Period from		Period from		Combined Actual					Combined
		March 15, 2005		January 1, 2005		Results for the					Pro-forma results
		through		through		year ended		Pro-Forma			year ended
		December 31, 2005		March 14, 2005		December 31, 2005		Adjustments			December 31, 2005
Revenues:
Charter hire	$	141,953	$	29,869	$	71,822	$	-		$	171,822
Amortization of non-cash deferred revenues		10,137		-		10,137		2,712			12,849
Other vessel income		309		17		326		-	(a)		326
Total revenues		152,399		29,886		182,285		2,712			184,997
Operating expenses:
Direct vessel operating expenses and other		69,081		16,217		85,298		1,277	(b)		86,575
General and administrative		21,387		4,030		25,417		31	(c)		25,448
Amortization of marine inspection costs		-		2,055		2,055		(2,055)	(b)		-
Depreciation and amortization expense		20,403		6,703		27,106		(1,462)	(c)		25,644
Impairment of goodwill		-		-		-		-			-
Impairment of long-lived assets		-		-		-		-			-
Loss on assets held for sale		2,237		-		2,237		-			2,237
(Gain) loss on sales of assets		(2,525)		2		(2,523)		-			(2,523)
Total operating expenses		110,583		29,007		139,590		(2,209)			137,381
Operating income		41,816		879		42,695		4,921			47,616
Reorganization costs		-		(6,659)		(6,659)		-			(6,659)
Gain on debt discharge		-		166,459		166,459		(166,459)	(e)		-
Fresh-start adjustments		-		(219,008)		(219,008)		219,008	(f)		-
Interest expense		(6,430)		(1,940)		(8,370)		-			(8,370)
Amortization of deferred financing costs		(285)		(50)		(335)		-			(335)
Loss on early retirement of debt		(3,950)		-		(3,950)		-			(3,950)
Other income (loss), net		213		5		218		-			218
Income (loss) before income taxes		31,364		(60,314)		(28,950)		57,470			28,520
Income tax expense		11,264		1,047		12,311		-			12,311
Net income (loss)	$	20,100	$	(61,361)	$	(41,261)	$	57,470		$	16,209
Basic income (loss) per common share
Net income (loss)	$	1.78	$	(1.66)		(g)		(g)		$	1.44	(h)
Average Common Shares Outstanding		11,271,786		36,908,505							11,271,786
Diluted income (loss) per common share:
Net income (loss)	$	1.74	$	(1.66)		(g)		(g)		$	1.40	(h)
Average common shares outstanding		11,558,100		36,908,505							11,558,100

(a) Reflects the increase to amortization of non-cash deferred revenues to reflect the amount of amortization that would have been incurred if the reorganization occurred as of January 1, 2005.

(b) Reflects the increase to operating expenses and reduction in amortization of marine inspection costs due to the change in accounting methods for marine inspection costs on the Exit Date.

(c) Reflects the increase to general and administrative costs to recognize the equity-based compensation expense due to the adoption of SFAS 123R on the Exit Date.

(d) Reflects a decrease in depreciation expense related to the pro forma application of negative goodwill to our long-lived assets and the estimation of new remaining useful lives on the Exit Date.

(e) Eliminates the gain on debt discharge recognized on the Exit Date.

(f) Eliminates the fresh-start adjustment expense recognized on the Exit Date.

(g) Earnings per share is not relevant for these columns since the results relate to both the predecessor and successor financial statements, before and after our emergence from bankruptcy.

(h) Calculated using the post-reorganization weighted average shares outstanding