)

Hermana Holding (HERMA) investor relations material
Hermana Holding Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Received NOK 44.9 million from Magnora ASA as partial settlement of a demerger receivable tied to Shell Penguins FPSO license rights; another USD 4.3 million is expected upon production milestone in Q4 2025.
Entitled to USD 0.50 per barrel from Western Isles FPSO, but no new developments as the vessel awaits redeployment amid UK regulatory uncertainty.
Established a structured investment process and evaluated several potential investments during H1 2025.
Extraordinary general meeting in August 2025 resulted in new board members and approval of a rights issue for board participants.
Appointed Morten Strømgren as CEO and CFO in August 2025.
Financial highlights
Q2 2025 operating revenue was NOK 0.4 million, down from NOK 1.3 million in Q2 2024.
Operating expenses for Q2 2025 were NOK 1.6 million, significantly reduced from NOK 6.6 million in Q2 2024.
EBITDA for Q2 2025 was negative NOK 1.2 million; net loss for Q2 2025 was NOK 3.8 million, compared to a profit of NOK 0.7 million in Q2 2024.
Cash and cash equivalents as of 30 June 2025 were NOK 59.8 million, up from NOK 23.4 million a year earlier.
Equity ratio remained high at 98% as of 30 June 2025; no debt.
Outlook and guidance
Anticipates receiving the remaining USD 4.3 million from Magnora ASA after Shell Penguins FPSO reaches 4 million barrels, expected in Q4 2025.
Expects long-term revenue from Western Isles FPSO once redeployed; vessel is designed for a 30–50 year life.
Continues to evaluate value-accretive investment opportunities in line with capital allocation strategy.
Next Hermana Holding earnings date

Next Hermana Holding earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage