Solstad Offshore ASA (OTCPK:SLOFF)

Q3 2025 Solstad Offshore ASA Earnings Call Transcript

Oct 30, 2025 / 09:00 AM GMT

Release Date Price: $3.09

Transcript

Key Points

Positve

Solstad Offshore ASA (FRA:SZL) achieved a high fleet utilization rate of 97% for the quarter and year-to-date.
The company secured several new long-term contracts in Brazil, contributing to a total intake of $222 million for the quarter.
The backlog for Solstad Offshore ASA (FRA:SZL) vessels doubled compared to last year, reaching $280 million.
The company announced a proposed dividend of $0.05 per share, totaling approximately $4 million.
Solstad Offshore ASA (FRA:SZL) maintains a strong foothold in Brazil, with robust long-term demand for offshore energy services.

Negative

Short-term market demand is lower than previously expected, impacting immediate opportunities.
The North Sea experienced lower than expected activity levels in 2025.
The recent oil price developments introduce uncertainties in future activity levels.
One vessel is currently off contract and exposed to the short-term market, affecting utilization in Q4 2025.
The share of results from associated companies and joint ventures was adjusted downward to around $50 million from a previous range of $60 to $80 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SOFF.OL - Solstad Offshore ASA
Q3 2025 Solstad Offshore ASA Earnings Call
Oct 30, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning and welcome to Solstar Offshore's 3rd quarter 2025 presentation.

It has been another quarter of solid operational and financial performance, and with the continued high activity across our fleet.

Today's presentation will be held by myself, CEO Lars Perros Soulsta, and CFO Jetel Hamstad.

And after the presentation, we will open up for Q&A's. So please submit your questions in the chat.

If we take a quick look at the disclaimer before we move over to the 3rd quarter highlights and a business update, it has been another quarter of solid operational performance for souls are offshore with the fleet utilization of 97% in the quarter, and that is also the number for for for year-to

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