Norway · Delayed Price · Currency is NOK Solstad Maritime ASA Earnings Call Transcripts
Fiscal Year 2026
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Strong operational execution in Q1 2026 led to record adjusted EBITA, higher utilization, and improved financial flexibility. The backlog and new contracts support robust earnings visibility, while increased dividends and new financing highlight a shareholder-friendly approach.
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.