Prenumeration
Beskrivning
Land | Norge |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Tjänster |
Industri | Shipping & Offshore |
August 29, 2025 - Ventura Offshore Holding Ltd. (the “Company”) announces results for the second quarter of 2025.
The results highlights will be discussed in an audio conference call on Friday, August 29, 2025 at 14:00 CEST. Dial-in details for the conference call can be found below.
Highlights
- Operational uptime of 90.9% and financial uptime of 86.0% in 2Q25 for the three owned units in operation
- The managed vessel DS Zonda commenced its 3 + 3-year contract with Petrobras in April 2025
- Our customer ENI declared the first of the four optional wells in Indonesia for SSV Catarina
- Net Income of $24.0 million for the quarter
- Adjusted EBITDA of $18.2 million for the quarter
- Free cash position of $46.6 million
Guilherme Coelho, Chief Executive Officer commented:
“We were very pleased to successfully commence operations of the managed unit DS Zonda for a 3+3-year contract with Petrobras in April 2025. Our operational uptime during this quarter was below targeted performance due to a combination of unrelated downtime and planned maintenance events but has since end of June and to the date of this report recovered and performed at over 95% average uptime across the fleet. As previously communicated, securing additional backlog has been pursued determinedly and we believe to be well positioned for an ongoing long-term tender in Brazil.”