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GEOS: Severe Q4 downturn drove major losses, equity raise, and vessel sales amid signs of cyclical recovery
GEOS: Severe Q4 downturn drove major losses, equity raise, and vessel sales amid signs of cyclical recovery

About this update from Golden Energy Offshore Services Asa
Q4 2025 saw a dramatic revenue and earnings decline due to a severe market downturn, prompting a NOK 320 million equity raise and vessel sales to restore liquidity. Fleet utilization and day rates hit historic lows, but forward indicators suggest a cyclical recovery is likely.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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