Akastor ASA (0IPT) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Akastor's Second Quarter Results. My name is Ivan Poske, CFO and I'm joined today by our CEO, Karl Erik Kjerstad. As in the previous quarter, our presentation now includes less detailed coverage of HMH as that now is a listed company reporting independently. Their Q2 webcast replay and transcript are available on their website. We will take questions at the end of the session and you may submit them at any time through the online Q and A function. To start, Kalle will take you through the key developments of the quarter. Kalle, over to you. Thank you, Ewen, and good morning, and thank you all for joining us this morning. I will start with the key highlights as mentioned for Eivind and before briefly taking you through the portfolio and also our ownership at Ganda. Let's move to Slide two. Second quarter marks another important step in Akastor's transition from value creation to value realization and shareholder distribution. We are pleased to announce that the Board has approved a cash dividend of NOK0.50 per share, supported by proceeds from the sale of Scandi Emerald. In fact, this represents our fifth consecutive quarterly distribution to shareholders. The HMH IPO was completed in April, reducing Akastor ownership to 36% and contributing significant cash proceeds to Akastor during the quarter. Also delivered a solid operational and financial performance with adjusted EBITDA of $34,000,000 corresponding to 20% margin and a strong order intake representing a book to bill ratio of 1.2 supporting management's increased activity and expectations for the second half of twenty twenty six. Arkoffs Offshore continued to deliver stable operations across the fleet, supported by strong utilization and operational performance. Fo...