14.07.2025
Solstad Maritime ASA financial report for Q2 & 1st half year 2025
Skudeneshavn, 14 July 2025
Solstad Maritime ASA (SOMA) is pleased to present its first Second-quarter and half-year results 2025 as a listed company on Euronext Oslo Børs.
CEO Lars Peder Solstad stated: “Despite a very high level of planned maintenance on our vessels in first half year, efficient operations and a growing portfolio of long-term contracts resulted in a solid quarter. The long-term outlook remains positive”
- Adjusted EBITDA of USD 78 million compared to USD 77 million same quarter last year
- Utilization of 78% in the quarter compared to 82% same quarter last year. Planned maintenance activity in 1H25 has been extraordinary high and is the main driver for the reduced utilization
- Net result of USD 44 million compared to USD 28 million same quarter last year
- Several new long-term contracts entered into in Brazil with commencement in Q1 2026, contributing towards a total order intake of USD 267 million in the quarter equaling a book-to-bill ratio of 1.8x
- Distributes cash dividend of USD 0,075/share, totaling approximately USD 35 million
Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 907 59 489
Solstad Maritime ASA