Solstad Offshore ASA: Fourth-quarter and full-year 2024 results

12 Feb 2025 07:00 CET

· Solstad Offshore reports an adjusted EBITDA of NOK 436 million in Q4 and NOK
1,379 million for the full year 2024
· Net Result of NOK 1,283 million for the full year 2024
· The book equity increased with NOK ~1.3 billion in 2024 to NOK ~3.1 billion
year end 2024
· Settlement of the Maximus Residual Claim reduced the Company's interest
-bearing debt with NOK ~1 billion
· Investment in Omega Subsea - further strengthening Solstad Offshore's
position in the subsea services segment
· Solstad Offshore intends to initiate quarterly dividend in 2H 2025
· Solstad Offshore is guiding an adjusted EBITDA 2025 of NOK 1.3-1.6 billion

· Solstad Maritime, where Solstad Offshore holds 27,3%, reports an adjusted
EBITDA of NOK 799 million in Q4 2024 and NOK 3,234 million for the full year
2024
· Net Result of NOK 2,637 million for the full year 2024
· Intends to distribute dividend for Q4 2024 of NOK 0.50 pr share
· Solstad Maritime is guiding an adjusted EBITDA 2025 of NOK 3.9-4.2 billion

***

Skudeneshavn, February 12th, 2025

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Offshore ASA

www.solstad.com

This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

638309_Solstad_Offshore_Q4_2024_Presentation.pdf