Akastor ASA (0IPT) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.470 -- 00:00:05.598 Good afternoon, everyone, and welcome to the presentation of Akastor's second quarter 00:00:05.598 -- 00:00:08.142 results. My 00:00:08.142 -- 00:00:13.230 name is Øyvind Poske, CFO of Akastor, and I'm here today together with our CEO, 00:00:13.230 -- 00:00:15.053 Karl-Erik Kjellstad. 00:00:15.053 -- 00:00:19.660 We're also pleased to have our colleagues from HMH joining us from Houston, Mr. 00:00:19.660 -- 00:00:24.297 Tomek Yi, CFO, and Mr. David Bratton, SVP Finance. 00:00:24.297 -- 00:00:29.082 We'll start with some key highlights from Kalle, followed by an update on HMH from Tom 00:00:29.082 -- 00:00:34.087 and David. After that, I'll walk you through Akastor's consolidated financials before 00:00:34.087 -- 00:00:38.111 handing it back to Kalle for some closing remarks. 00:00:38.111 -- 00:00:41.114 As always, we'll wrap it up with a Q&A session. 00:00:41.114 -- 00:00:46.199 Please feel free to submit your questions at any time during the presentation 00:00:46.199 -- 00:00:51.325 using our web-based Q&A tool. With that, I'll hand it over to 00:00:51.325 -- 00:00:52.934 Kalle. Please, Kalle. 00:00:52.934 -- 00:00:57.939 Thank you, Eivind, and good afternoon and good morning to our US participants, 00:00:57.939 -- 00:01:02.364 and thank you to everyone for joining us this afternoon. 00:01:02.364 -- 00:01:08.551 Let us start with some key highlights for the second quarter at slide number two. 00:01:08.551 -- 00:01:13.757 We are pleased to announce a cash distribution of NOK 0.25 00:01:13.757 -- 00:01:18.297 per share to our shareholders, supported by a strong cash flow in this quarter. 00:01:18.297 -- 00:01:23.303 This is aligned with our communicated strategy to return excess capital to shareholders 00:01:23.303 -- 00:01:27.085 w...