S.D. Standard ETC (SDSD) Q4 2024 earnings summary

Executive summary

• Reported a Q4 2024 operating loss of USD 3.8 million, compared to a USD 2.5 million loss in Q4 2023; full-year 2024 operating loss was USD 15.6 million versus a profit of USD 2.8 million in 2023.

• Results were impacted by an unrealized net loss of USD 21.3 million on Standard Supply AS and Dolphin Drilling AS, reflecting share price declines offset by dividends.

• Received USD 46.5 million in dividend income in 2024, mainly from Standard Supply AS.

• Paid an interim dividend of NOK 0.20 per share (USD 9.5 million) in November 2024.

Financial highlights

• Q4 2024: Unrealized loss of USD 9.7 million on Standard Supply AS and Dolphin Drilling AS; fair value loss of USD 5 million on trading investments; dividend income of USD 10.2 million; interest income of USD 1.4 million.

• Full-year 2024: Unrealized loss of USD 67.2 million on key investments; fair value profit of USD 2.7 million on trading investments; dividend income of USD 46.5 million; interest income of USD 4.9 million.

• Loss after tax for Q4 2024 was USD 4.0 million; full-year loss after tax was USD 16.0 million.

• Loss per share was USD 0.01 for Q4 and USD 0.03 for the year.

• Cash position at year-end 2024 was USD 40.7 million.

Outlook and guidance

• Focus remains on generating medium to long-term capital growth, primarily in oil services, energy, transport, and commodities.

• Well positioned to pursue attractive investment opportunities within target industries.