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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.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.
- Severe revenue drop, net loss, and depleted backlog signal urgent need for new funding.VOIM
Q4 2025 - Severe revenue drop and net loss, with urgent need for funding amid operational halt.VOIM
Q3 2025 - Q2 2025 revenue was $9.6M, EBITDA $2.8M, and vessel utilization 44%.VOIM
Q2 2025 - Q3 revenue dropped, but cash and backlog rose; key survey revenues expected in Q4.VOIM
Q3 2024 - Q2 revenue rose to USD 13.8M, with strong survey activity and higher backlog.VOIM
Q2 2024 - Q1 2025 saw USD 10M revenue, subsea vessel acquisition, and extended bond maturity.VOIM
Q1 2025 - Q4 revenue and profit surged, with $20M in India contracts and improved financial stability.VOIM
Q4 2024
Next Voim earnings date
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