14.07.2025
Solstad Offshore ASA financial report for Q2 & 1st half year 2025
Skudeneshavn, 14 July 2025
Solstad Offshore ASA (SOFF) is pleased to announce its financial results for Q2 2025.
CEO Lars Peder Solstad stated: “We have had a solid quarter with strong operational and financial performance. With a solid order backlog and consistent tender activity, the outlook remains positive.”
- Adjusted EBITDA of USD 32 million in the quarter compared to USD 25 million same quarter last year
- Utilization of 100% in the quarter compared to 97% same quarter last year
- Net result of USD 39 million compared to USD 4 million same quarter last year
- Several new long-term contracts entered into in Brazil, contributing towards a total order intake of USD 403 million in the quarter
- Based on the dividend announcement from Solstad Maritime, Solstad Offshore will receive approximately USD 9,5 million in the quarter
- Solstad Offshore intends to initiate quarterly dividends based on Q3 2025
Contacts
Lars Peder Solstad CEO, at +47 91 31 85 85
Kjetil Ramstad CFO, at +47 907 59 489
Solstad Offshore ASA