Norway · Delayed Price · Currency is NOK Solstad Maritime ASA Earnings Call Transcripts
Fiscal Year 2025
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Fourth quarter and full year 2025 results exceeded guidance, with adjusted EBITDA at $303 million and strong contract intake driving a 30% increase in backlog. 2026 outlook is positive, with higher EBITDA guidance, continued dividend payments, and robust market demand in key regions.
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Q3 2025 saw lower fleet utilization and a drop in adjusted EBITDA to $69 million, but strong order intake and a robust backlog support positive long-term prospects. Dividend of $0.032 per share declared, with $250 million EBITDA already booked for 2026.
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Revenues and net income rose year-over-year despite lower fleet utilization from heavy maintenance. Strong contract wins in Brazil boost backlog and future EBITDA, while ongoing dividends and reduced leverage highlight financial strength.