Solstad Maritime ASA financial report for Q2 & 1st half year 2025

14 Jul 2025 07:00 CEST

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

https://solstad-maritime.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

651189_Solstad_Maritime_Q2_2025_Presentation.pdf
651189_SOMA_1H_2025_Report.pdf