Solstad Maritime ASA: First-quarter 2025 results

05 May 2025 07:00 CEST

• Solstad Maritime ASA has applied for listing of its shares on Euronext Oslo
Børs with expected first day of trading mid-May 2025
• Solstad Maritime changed its presentation currency to USD from 1. January 2025
• Adjusted EBITDA of USD 82 million compared to USD 52 million in the same
quarter last year
• Net Result of USD 48 million
• Book equity of USD 802 million compared to USD 545 million same quarter last
year
• Adjusted Net Interest Bearing Debt of USD 576 million giving an Adjusted Net
Interest Bearing Debt / Adjusted EBITDA of 1,8x
• New order backlog of USD 116 million awarded in the quarter. Several contracts
added in Brazil after quarter end
• Quarterly distribution of cash dividend increased to USD 0,075/share, totaling
approximately USD 35 million.
• Key dates regarding Q1 2025 dividend:
o Last day incl. right to dividend: 19 May 2025
o Ex-date: 20 May 2025
o Record date: 21 May 2025
o Distribution date: On or about 26 May 2025
•Solstad Maritime is on track to meet previous Adjusted EBITDA guiding for the
full year


Skudeneshavn, May 5th, 2025

Contacts

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

Kjetil Ramstad CFO, at +47 90 75 94 89

Solstad Maritime ASA

www.solstad-maritime.com

More information:
Access the news on Oslo Bors NewsWeb site

645222_Solstad Maritime Q1 2025 Presentation.pdf