Q2 2025 Solstad Offshore ASA Earnings Call Transcript

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Jul 14, 2025

Jul 14, 2025 / 08:00AM GMT
Lars Peder Solstad - Solstad Offshore ASA - Chief Executive Officer

Good morning and welcome to Solstad Offshore's second quarter and first half presentation. And this has been a quarter with a very high activity and a solid operational and financial results.

Today's presentation will be held by CFO, Kjetil Ramstad; and myself, CEO, Lars Peder Solstad, and after the presentation we will open up for Q&As, so please ask your questions in the chat.

If we take just a quick look at the disclaimer before we move on to the second quarter highlights and a business update.

Obviously, the listing of Solstad Maritime, where Solstad Offshore owns 27.3% in mid-May was an important milestone for the company, and I am happy to see that Solstad Maritime has been well received by investors and analysts.

The outlook for our industry and the market fundamentals are still positive, but the steep activity increase that we saw earlier has now leveled out for now, and it has leveled out on a relatively high level and with day rates we achieved still being on healthy levels. We have had

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