Prosafe Se (PRSEF) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.158 Hello everyone and welcome to this Q4 2025 00:00:04.158 -- 00:00:10.344 results presentation for ProSafe. My name is Reece McNeil and I am the CEO. 00:00:11.369 -- 00:00:13.893 I'd like to just highlight here to start off, you know, where we are. 00:00:13.893 -- 00:00:20.003 You know, ProSafe, we're the largest operator in the accommodation market. 00:00:20.003 -- 00:00:25.512 I think we have a very strong high-end fleet of five units, 00:00:25.512 -- 00:00:30.051 the leading position in Brazil. I think there's very strong market fundamentals, and 00:00:30.051 -- 00:00:34.077 today I want to spend a little bit more time on talking about the market that we're in, 00:00:34.077 -- 00:00:36.077 and 00:00:36.160 -- 00:00:40.846 we have a really strong focus, particularly the last quarters, on cost and improving 00:00:40.846 -- 00:00:43.507 our strategic position. 00:00:43.509 -- 00:00:47.995 Coming back a little bit to Q4, I was very happy with the Q4 results. 00:00:47.995 -- 00:00:53.212 I think Q4, if I look back, To get to the EBITDA that we had in Q4, 00:00:53.212 -- 00:00:56.058 we have to go back to 2022. 00:00:56.058 -- 00:00:59.605 So I think it was one of the strongest quarters we've had in many years. 00:00:59.605 -- 00:01:04.935 It's also a quarter where we had all five of our rigs operating and all five of our rigs 00:01:04.935 -- 00:01:09.244 earning. Again, we got to go back quite a while since we've seen that. 00:01:09.244 -- 00:01:12.644 And I think that's a reflection of how strong the market is. 00:01:12.644 -- 00:01:18.322 Also had a very strong operating performance with 100% fleet utilization, 00:01:18.322 -- 00:01:23.539 so basically essentially no downtime. So really strong operations and also good 00:01:23.539 --...