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

14 Jul 2025 07:00 CEST

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

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

651188_Solstad_Offshore_Q2_2025_Presentation.pdf
651188_SOFF_1H_2025_Report.pdf