Solstad Maritime Asa · OSL:SOMA
Solstad Maritime Asa — H1 2026 Earnings Presentation
18 slides from Solstad Maritime Asa's earnings presentation, Jul 15, 2026
Slide 1: 1H/2Q Report 2026
ex4 SOLSTAD\ MARITIME 1H/2Q Report 2026
Slide 2: Contents / Letter from the CEO
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Contents Letter from the CEO Letter from the CEO 03 Following our listing on Euronext Oslo Børs on 16 May In May, my father, shipowner and founder of Solstad, 2025, we have now completed our first full year as a listed Johannes Solstad, passed away
Slide 3: About Us: Solstad Maritime ASA Structure
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 ABOUT US Solstad Maritime ASA Structure Solstad Maritime ASA (“Solstad Maritime” “Solstad” or “the Company”) is a publicly traded company based in Norway. Solstad Maritime ASA In brief Solstad Maritime operates a diversified fleet of high-end offsh
Slide 4: Highlights
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Highlights Key Financials USD million 2Q 2026 01.04-30.06 2Q 2025 01.04-30.06 YTD 2026 01.01-30.06 YTD 2025 01.01-30.06 FY 2025 01.01-31.12 Operating income 176 152 356 297 590 Adjusted EBITDA* 88 78 191 159 303 → Firm order backlog of MUSD 1,049 a
Slide 5: Operational Update
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Vessel average CO2 emissions Average number of SGOs Vessel GHG emissions per day in operation per vessel per month Operational tons CO2eq tons CO2 SGO’s 71 004 70 083 25.7 26.7 66 695 24.7 25.8 Update 64 761 38.82 40.30 40.18 37.50 1Q 2Q 1Q 2Q 1Q 2
Slide 6: Fleet update and Geographical markets
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Fleet update Geographical markets Nine of the vessels are currently on bareboat charter from Solstad Maritime’s extensive fleet of vessels is capable of Solstad Maritime to Solstad Offshore in Brazil. In addition, supporting energy operators worldw
Slide 7: Financial Summary
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Cash Flow and Cash Position 1H 2026 Financial The overall cash position at the end of 1H 2026 was MUSD 154 (98). The net cash inflow from operations was positive by MUSD 92 for 1H 2026 (117). Net cash inflow from investments was MUSD 23 (-32) mainl
Slide 8: Outlook
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Backlog by year of execution for Solstad Maritime Outlook 500 CSV ATHS 400 300 200 100 0 2026 2027 2028 2029+ World Energy Outlook* anticipates growth, with oil Within the CSV segment (100t – 250t cranes), vessels demand expected to increase by app
Slide 9: Condensed Statement of Comprehensive Income
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Condensed Statement of Comprehensive Income Condensed Statement of Comprehensive Income cont. 2026 2025 2026 2025 2025 2026 2025 2026 2025 2025 USD 1,000 01.04-30.06 01.04-30.06 01.01-30.06 01.01-30.06 01.01-31.12 Note USD 1,000 01.04-30.06 01.04-3
Slide 10: Condensed Statement of Financial Position and Cash Flow
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Condensed Statement of Financial Position Statement of Cash Flow 2026 2025 2025 2026 2025 2025 USD 1,000 30.06 30.06 31.12 Note USD 1,000 30.06 30.06 31.12 Note ASSETS CASH FLOW FROM OPERATIONS Non-current assets: Result before tax 124,181 94,397 1
Slide 11: Notes: Statement of Changes in Equity
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Statement of Changes in Equity Other equity and Total Non- Share Share Translation retained parent controlling Total Notes USD 1,000 capital premium adjustment earnings shares interests equity Note Equity 01.01.2026 8,969 443,926 -62,723 489,679 87
Slide 12: Note 2: Reporting per Segment
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Note 2: Reporting per Segment The Group’s main activity is to offer ships, additional services (ROVs etc) and maritime personnel in all geographical regions. Internally the Company reports and monitors it’s operation in the two segments AHTS and CS
Slide 13: Note 3: Personnel expenses; Note 4: Tangible Fixed Assets
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Note 3: Personnel expenses Note 4: Tangible Fixed Assets 2026 2025 2026 2025 2025 Vessels Periodic maintenance Other Total 01.04-30.06 01.04-30.06 01.01-30.06 01.01-30.06 01.01-31.12 Opening balance 01.01.2026 986,453 123,609 390 1,110,452 Personne
Slide 14: Note 5: Right-of-use Assets; Note 6: Investment in Associates
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Note 5: Right-of-use Assets Revenue Assumptions For vessels having firm contracts, revenue is based on the current contracts. For vessels without firm contracts, and for vessels where the firm contract expires during the period, revenue is based on
Slide 15: Appendix: Alternative Performance Measures
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Note 7: Related parties Appendix Related parties balances included in Accounts receivable 1H 2026 34,640 1H 2025 33,381 2025 13,173 Alternative Performance Measures Other current receivables 8,883 14,644 8,727 Other current liabilities 23,429 15,52
Slide 16: Reconciliation of Alternative Performance Measures
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 The APMs used by the Group are set out below: Reconciliation of Alternative Performance Measures The table below sets forth a reconciliation of the APMs that the Company reports on in its communication with investors, EBITDA Operating result before
Slide 17: Backlog and Order Intake / Our Global Footprint
S O L S TA D M A R I T I M E ASA 1 H REPORT 2 0 2 6 Backlog and Order Intake 2026 2025 2026 2025 2025 Our Global Footprint USD 1,000 01.04-30.06 01.04-30.06 01.01-30.06 01.01-30.06 01.01-31.12 (a) Order backlog at the beginning of the period 1,087,592 813,668 1,090,827 842,985 842,985 (b) Operating
Slide 18: soustan MARITIME
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