Annual Report

Overview

The report says the company delivered $452 million in combined segment revenues and $261 million in adjusted EBITDA in 2025, while fleet technical utilization was approximately 99%. It highlights $168 million of capital returns to shareholders and $204 million in Group cash at year-end. The company also reports successful PLSV acceptance testing, with all vessels contracted with Petrobras at higher dayrates by year-end. The QHSE section reports a 0.63 TRIR at end-2025 and no penalties enforced.

Document

Report type: Annual Report
Class: Financial
Scope: Full report
Fiscal year: 2025
Period: 1 January 2025 – 31 December 2025
Language: English
Pages
File size

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