Solstad Maritime
Logotype for Solstad Maritime ASA

Solstad Maritime (SOMA) investor relations material

Solstad Maritime Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Solstad Maritime ASA
Q4 2025 earnings summary12 Feb, 2026

Executive summary

  • Fourth quarter and full year 2025 results exceeded previous guidance, driven by strong anchor handling spot market in the North Sea, improved CSV utilization, and positive offshore energy services demand.

  • Order intake reached USD 272 million in Q4 2025, boosting visibility for 2026 and beyond.

  • Several key vessels secured medium- and long-term contracts, ensuring utilization and margins into 2027.

  • Cash dividend of USD 0.032/share for Q4 2025, totaling USD 15 million; total 2025 dividends distributed were USD 100 million.

  • Sale of CSV Normand Clipper to positively impact cash by USD 18 million in Q2 2026.

Financial highlights

  • Full-year 2025 revenue was USD 590 million, up from USD 563 million in 2024; Q4 2025 revenue was USD 148 million, up from USD 144 million in Q4 2024.

  • Adjusted EBITDA for 2025 was USD 303 million, above guidance and up from USD 297 million in 2024; Q4 2025 adjusted EBITDA was USD 74 million, down from USD 78 million in Q4 2024.

  • Net result for 2025 was USD 213 million, down from USD 240 million in 2024.

  • Book equity at year-end was USD 880 million (54% equity ratio); cash at year-end was USD 78 million, down due to dividend payments.

  • Adjusted net interest-bearing debt at year-end was USD 545 million, with a leverage ratio of 1.8x.

Outlook and guidance

  • 2026 adjusted EBITDA guidance is USD 330–380 million.

  • CapEx expected at USD 55–75 million; net interest at USD 35–45 million; tax payable at USD 5–15 million.

  • Scheduled debt repayments for 2026 are USD 90 million.

  • Intention to increase dividends, distributing the majority of annual free cash flow.

How to maintain margins with new vessel supply?
What supports increased dividend ambition?
Outlook for uncommitted CSVs in 2026?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Solstad Maritime earnings date

Logotype for Solstad Maritime ASA
Q1 20267 May, 2026
Solstad Maritime
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Solstad Maritime earnings date

Logotype for Solstad Maritime ASA
Q1 20267 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, 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.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
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.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
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.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
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.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Explore our global coverage