Akastor ASA (0IPT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the presentation of Akastor's fourth quarter results. My name is Øyvind Pålske, CFO, and I'm joined today by our CEO, Mr. Karl-Erik Kjellstad. We're also pleased to be joined by the HMH leadership team today from two different locations, so we hope that will run smoothly. They are represented by Erik Bergsvik, CEO, Tom McKee, CFO, and David Bratton, SVP Finance. We'll take questions at the end of the session, and you can send them in at any time through the online Q&A function. To kick things off, Kalle will walk us through the headline developments from the quarter. Kalle, over to you. Thank you, Eivind, and good afternoon, and good morning to our U.S. participants, and thank you to everyone for joining us today. Let us start with the key highlights for the fourth quarter on slide two. Acosto continues to be in a solid financial position. We maintain a positive net cash position and have no draw on our corporate SEF. With this backdrop, we are pleased to announce another cash distribution of LUC 0.4 per share, supported by DDB Offshore's sale of the Scania Atlantic vessel in January this year. This marks our third consecutive quarterly distribution and confirms our strategy of returning excess capital to our shareholders while maintaining a solid capital structure. Turning to HMH, the company continues to deliver strong financial performance, illustrated in this quarter by an EBITDA of US$58 million, corresponding to 28% EBITDA margin. Importantly, HMH also generated US$66 million in cash flow, underscoring both the quality of its operations and the company's strong value creation capabilities. Also during the quarter, HMH successfully refunded its Nordic bond, lowering financing costs and also establishing an important foundation for p...