GEOS: Q2 2025 saw lower revenues and a net loss, but strong fleet utilization and improved financing

About this update from Golden Energy Offshore Services Asa

Freight revenues and EBITDA declined year-over-year due to market oversupply and refinancing costs, resulting in a net loss for Q2 2025. High fleet utilization, improved cash position, and a strong contract backlog support a positive outlook, with all vessels now under in-house management.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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