Akastor ASA (0IPT) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the presentation of Akastor's First Quarter Results. My name is Jurgen Polske, CFO and I'm joined today by our CEO, Karl Erik Selzta. Before we start, a brief practical note following the successful IPO completed in April, HMH is now a listed company and reports independently. HMH held its own Q1 earnings call last week including a full operational and financial walkthrough. For those interested in more detail on HMH specifically, their Q1 release as well as webcast replay are available on their webpage. As a result, today's presentation from Akastor includes less detailed coverage of HMH operations. We'll take questions at the end of the session and you can submit them at any time through the online Q and A function. To kick things off, Kalle will walk us through the headline developments for the quarter. Kalle, over to you. Thank you, Ewy. Good afternoon and thank you to all for joining us today. Let me start with the key highlights on Slide number two. Akastor continues to be in a solid financial position. We maintain a positive net cash position and have no drawings on our corporate asset. Against this backdrop, we are pleased to announce another cash distribution of NOK1.5 per share, supported by the successful mentioned IPO with or NASDAQ. That generated a significant cash proceeds to Akastor. This marks our fourth consecutive quarterly distribution to our shareholders. And over the past year, we have distributed million or NOK2.65 per share to our shareholders. This fully confirms our strategy of returning excess capital while maintaining a sound capital structure. Turning to HMH, the company completed its IPO after the end of this first quarter, generating total cash proceeds of US53 million dollars to Akastor in the second quart...