Floatel International: Business Update
2025-07-30
The Company is pleased to present its Q2-2025 business update.
HIGHLIGHTS
Floatel Triumph has been awarded a contract offshore Australia for approximately 35 days with expected commencement in the fourth quarter 2026.
Floatel Victory has secured a letter of intent to provide services offshore Brazil for 3-6 months starting in the first quarter 2026.
The sale of Floatel Reliance was completed on May 27, 2025.
Fleet utilization excluding Floatel Reliance was 100% during the second quarter, and the firm order book as of June 30, 2025, was USD 341m.
Recurring EBITDA: USD 34.2m in the quarter.
Capex: USD 5.4m in the quarter.
Operating Cash flow: USD 10.6m in the quarter.
The 2025 half-year interim report will be released on August 26, 2025, and management will host a conference call the same day, at 15.00 CEST, to present the results. Interested persons can register using the details to be provided on the website https://floatel.no/investors at least 14 days before the conference call.
For further information, please contact:
Peter Jacobsson, CEO, +47 934 00 232
Tomas Hjelmstierna, CFO, +47 934 00 381
Tel: +47 46 50 01 33
Email: ir@floatel.no
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.