Business Update Q1 2026

2026-04-22

The Company is pleased to present its Q1-2026 business update.

 

HIGHLIGHTS

 

  • Floatel Victory announced Letters of Intent to provide MSU services in Brazil have been converted into a 6-month and a 3-month firm contract respectively with Brava Energia S/A with start in Q4-2026 and Equinor Brasil Energia Ltda commencing mid-2026.

  • Fleet utilisation stood at 72% during the fourth quarter, and firm orderbook as of March 31, 2026, was USD 342 million.

  • Recurring EBITDA: USD 3.7 million for the quarter.

  • Capex: USD 12.5 million for the quarter.

  • Operating Cash flow: USD 3.0 million for the quarter

  • Cash: USD 69.0 million at the end of the quarter.

    For further information, please contact:
    Peter Jacobsson, CEO, +47 934 00 232
    Tomas Hjelmstierna, CFO, +47 934 00 381
    Tel: +47 46 50 01 33
    Email: ir@floatel.no

    This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

FI Business Update Q1 2026