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

www.solstad.com

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

https://news.cision.com/solstad-offshore-asa/r/solstad-offshore-asa-financial-report-for-q2---1st-half-year-2025%2Cc4206606

SOFF 1H 2025 Report

Solstad Offshore Q2 2025 Presentation