THE GROUP’S NET SALES INCREASED YEAR-ON-YEAR TO MSEK 577 (312), NET RESULT AFTER TAX WAS MSEK 8 (-118).

QUARTER 1
In the beginning of February 2022 Viking Supply Ships entered a new contract for the four ice-classed AHTS vessels with a Russian counterpart to assist in a major industrial project in the harsh environment region for the summer season in 2022 and 2023. Tord Helland was appointed Chief Financial Officer (CFO) for Viking Supply Ships.

QUARTER 2
Driven by increased oil and gas activity and a more positive market outlook for offshore support vessels, the Group reactivated the two ice- classed AHTS vessels that had been in layup. The Groups Management contract with the Swedish Maritime Administration for its five ice breakers was extended until year end 2023. The new contract in Russia for the four AHTS-vessels was cancelled due to the international sanctions after the Russian invasion in Ukraine.

QUARTER 3
The Board of Viking Supply Ships AB initiated a process to have the Company’s shares listed on Nasdaq First North Growth Market and delisted from Nasdaq OMX Stockholm Small Cap.

QUARTER 4
The Groups Management contract with the Swedish Maritime Administration for its five ice breakers was further extended until end of June 2024. The shares of Viking Supply Ships AB were in mid- December listed on Nasdaq First North Growth Market. The Group signed in November a secured credit facility agreement of MUSD 40, guaranteed by Kistefos. The facility is available for ordinary course of business and potential investment opportunities. Following the resignation of Erik Borgen an Extraordinary General Meeting was held on 28 November electing Kristoffer Sandaker as an ordinary member of the board of directors.