Solstad Offshore ASA

Solstad Offshore ASA

SLOFF
Solstad Offshore ASAUS flagOther OTC
3.09
USD
- -
- -
254.45MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
11,191.06
9,788.55
8,006.36
2,440.44
1,705
1,395.76
1.46
1,728.36
5.87
4.61
6.41
3.15
3.53
5.6
Basic EPS, GAAP
1,572.13
397.19
-3,569.49
-856.04
-147.54
-1,749.63
-0.91
2,583.51
-1.26
-1.12
0.38
1.4
1.69
-0.19
Free Cash Flow per Basic Share
1,795.1
-2,687.33
1,436.78
-1,640.74
314.93
352.35
0.28
256.39
1.5
1.33
2.45
1.45
1.76
2.12
Dividend per Share
309.64
501.59
301.82
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.05
- -
Book Value per Share
247.75
202.65
174.68
9,279.51
274.16
174.14
0.17
26.71
0.09
0.08
0.14
0.17
0.17
0.08
Tangible Book Value per Share
15,863.35
13,246.26
8,279.88
3,065.89
2,333.34
-254.06
-1.12
1,513.94
3.53
1.76
1.74
3.49
5.16
1.8
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
389
- -
99
101
103
82
82
89
Sales/Revenue/Turnover
575
503
403
285
442
536
569
567
581
468
662
259
290
498
Operating Margin (%)
29.32
30.01
23.88
13.21
-9.36
-21.69
-3.44
-6.74
2.68
13.59
25.31
16.92
30.96
22.71
Depreciation Expense
71
62
208
194
169
497
281
381
148
80
82
32
47
132
Net Income, GAAP
81
20
-180
-100
-38
-672
-355
848
-125
-114
39
115
139
-16
Effective Tax Rate (%)
10.42
21.67
- -
- -
- -
- -
- -
- -
- -
- -
16.42
3.79
- -
27.18
Profit Margin (%)
14.05
4.06
-44.58
-35.08
-8.65
-125.35
-62.39
149.48
-21.5
-24.29
5.95
44.42
48.01
-3.31
Working Capital
26
55
-127
227
218
-2,830
-2,978
-91
8
75
-13
-18
17
7
LT Debt
1,266
1,402
1,055
2,023
3,433
470
508
2,007
2,018
2,061
239
356
295
479
Total Equity
815
680
417
400
604
-98
-435
497
350
179
179
288
425
160
Return on Invested Capital (%)
6.2
5.11
- -
- -
- -
- -
- -
- -
- -
- -
6.57
3.43
- -
5.52
Return on Capital (%)
9.18
4.7
- -
- -
- -
- -
- -
- -
- -
- -
9.08
16.13
- -
-3.78
Return on Common Equity (%)
607.44
176.37
-1,872.71
-18.3
-6.61
-974.99
-533.46
2,265.4
-1,441.33
-1,379.94
354.29
803.41
972.23
-226.64

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
1,312
62
56
LT Borrowings
62
73
81
LT Finance Leases
177
365
397
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
1,568
1,567
2,935

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
1,499
123
144
Cash, Cash Equivalents & STI
49
64
50
Accounts Receivable, Net
60
14
20
Inventories
2
3
2
Total Current Liabilities
1,512
128
138
Payables & Accruals
- -
- -
- -
ST Debt
1,312
62
56
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.18%
5.99%
47.73%
Free Cash Flow
-36.03%
24.71%
21.47%
Net Income, GAAP
112.23%
-8.99%
21.01%
Sales/Revenue/Turnover
2.83%
-4.89%
11.97%
Total Cash Common Dividend
- -
- -
-72.81%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
71
58
- -
- -
259
2025
78
- -
- -
- -
290
2026
105
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
0.03
- -
- -
1.4
2025
0.46
- -
- -
- -
1.69
2026
0.45
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.05
2026
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Lars Peder Solstad
Full Time Employees
904
Sector
Industrials
Industry
Marine Shipping
Address
Nesavegen 39 Skudeneshavn RO Norway 4280
IPO Date
Sep 28, 2017
Business
Solstad Offshore ASA is a Norway-based company specializing in offshore service vessels, providing maritime services primarily to the global energy markets, including oil, gas, and renewable energy sectors. The company owns and operates a modern fleet of more than 100 vessels, including anchor handling tug supply vessels (AHTS), construction support vessels (CSV), and platform supply vessels (PSV). Solstad offers comprehensive offshore shipping services such as anchor handling, towing, subsea construction support, and marine logistics. It also provides specialized vessels equipped for complex offshore projects with dynamic positioning systems and heavy-lift cranes. Founded in 1964 and headquartered in Skudeneshavn, Norway, Solstad Offshore operates globally with a strong presence in key offshore markets including Brazil, Norway, and other international regions. The company also manages joint ventures and associated companies like Solstad Maritime ASA, strengthening its market position and operational capabilities. Recent strategic developments include contract awards securing multi-year assignments with Petrobras and other major clients, reflecting strong demand for its specialized vessels in South America and beyond. Notably, Solstad Maritime ASA, a subsidiary, replaced its earlier vessel Normand Ocean with the larger and more capable Normand Energy for Prysmian Group contracts, enhancing project delivery capabilities with advanced subsea operation features. Additionally, Omega Subsea, in which Solstad holds approximately 36%, ordered new remotely operated vehicles (ROVs) designed to be installed on Solstad vessels, indicating a focus on expanding technological capabilities in subsea services. The company also adjusted its financial guidance for 2025, reflecting current market conditions and operational performance. Solstad Offshore continues to strengthen its commitment to safety, sustainability, and operational excellence, maintaining a skilled workforce of approximately 3,200 employees. Its diversified fleet and strategic partnerships position it as a key player in servicing the offshore energy industry's evolving requirements. The company remains focused on growing its service offerings in offshore energy, including the emerging renewable energy sector, while maintaining strong backlog and contract visibility. This profile encompasses Solstad Offshore ASA’s core products and services, geographic scope, founding year, headquarters, and latest strategic and operational changes.

Company News

APIChatGPT
  • Solstad Offshore ASA (SLOFF) Q2 2026 Earnings Call Transcript

  • Solstad Offshore ASA (SLOFF) Q1 2026 Earnings Call Transcript

  • Solstad Offshore ASA (SLOFF) Q4 2025 Earnings Call Transcript