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Voim (VOIM) investor relations material

Voim H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary27 Aug, 2026

Executive summary

  • Completed divestment of the EM business, leaving no operating assets, employees, or material assets except limited cash.

  • Initiated a strategic review to determine future direction and structure.

  • Changed company name to VOIM ASA and appointed a new interim CEO.

Financial highlights

  • Revenues for H1 2026 were USD 0.2 million, down from USD 19.6 million in H1 2025.

  • EBITDA was negative USD 2.6 million (H1 2025: positive USD 5.6 million).

  • Net loss for H1 2026 was USD 4.5 million, compared to net income of USD 1.1 million in H1 2025.

  • Cash and cash equivalents at 30 June 2026 were USD 1.4 million, with restricted cash of USD 0.6 million.

  • Total borrowings remained at USD 19.8 million as of 30 June 2026.

Outlook and guidance

  • No active business operations post-EM business sale; strategic alternatives under evaluation.

  • Future direction depends on identifying new opportunities, external financing, or restructuring debt.

  • No assurances on achieving strategic alternatives; updates will be provided as material developments occur.

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Frequently asked questions

Electromagnetic Geoservices ASA provides geophysical services to the offshore oil and gas exploration industry. The company specializes in electromagnetic (EM) surveying technology, specifically Controlled-Source Electromagnetic (CSEM) and magnetotelluric (MT) methods, to map and analyze subsurface resistivity. This data aids in identifying and assessing offshore hydrocarbon reservoirs. EMGS offers services ranging from survey design and data acquisition to processing, modeling, and interpretation of EM data. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.