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Solstad Offshore ASA owns and operates offshore service vessels. The company owns and operates construction service vessels and anchor handling tug supply vessel and; and provides maritime services to offshore energy industry. It offers renewable energy services, subsea support operations, node seismic operations, subsea construction activities, support for well stimulation operations, and subsea and mooring installations; and additional services, such as ROVs, tooling, project personnel, and engineering support, as well as engages in oil and gas activities. The company owns a fleet of six vessels which includes three construction service vessels and three anchor handling tug supply vessels. It operates in the North Sea, North and Central America, Mediterranean/rest of Europe, Africa, South America, Australia, and Asia. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 129.63M | 118.79M | 344.98M | -1013.12M | -1110.40M |
| Minority interest | -1.85M | -31.75M | -2.27M | 4.79M | 33.61M |
| Net income | 143.49M | 111.72M | 400.43M | -1113.02M | -1102.45M |
| Selling general administrative | 16.39M | 27.68M | 762.33M | 579.24M | 557.15M |
| Selling and marketing expenses | - | - | 69.11M | - | - |
| Gross profit | 121.94M | 79.05M | 4952.24M | 2669.76M | 1819.54M |
| Reconciled depreciation | 47.23M | 334.47M | 582.50M | 780.99M | 1309.20M |
| Ebit | 91.56M | 168.84M | 1703.27M | 574.28M | 137.37M |
| Ebitda | 145.06M | 198.22M | 2806.55M | 1172.84M | 1202.34M |
| Depreciation and amortization | 53.50M | 29.37M | 1103.28M | - | - |
| Operating income | 92.54M | 91.82M | 1943.79M | 570.50M | 137.37M |
| Other operating expenses | 200.46M | 125.98M | 4786.54M | - | 1187.97M |
| Interest expense | 33.95M | 50.05M | 1683.32M | 1404.97M | 1003.54M |
| Tax provision | -15.55M | 48.75M | 144.23M | 104.68M | 25.66M |
| Interest income | 3.60M | 79.11M | 88.66M | 47.15M | 10.29M |
| Net interest income | -30.11M | -564.82M | -1870.75M | -1387.34M | -937.11M |
| Income tax expense | -16.46M | 4.28M | 56.64M | 104.68M | 25.66M |
| Total revenue | 290.35M | 217.80M | 6730.33M | 6295.32M | 5128.17M |
| Total operating expenses | 32.04M | -12.77M | 3008.45M | 5724.82M | 4990.80M |
| Cost of revenue | 168.41M | 138.75M | 1778.09M | 3625.56M | 3308.63M |
| Total other income expense net | 36.85M | 26.97M | -1598.81M | - | - |
| Net income from continuing ops | 141.25M | 1303.95M | 49.16M | -1117.80M | -1136.06M |
| Net income applicable to common shares | - | - | - | -1109.08M | -1102.45M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 877.42M | 788.79M | 19635.34M | 26019.13M | 24937.68M |
| Other current assets | 1.00M | 15.56M | 13889.96M | 412.05M | 187.20M |
| Total liab | 453.70M | 501.74M | 17810.79M | 24266.01M | 21854.20M |
| Total stockholder equity | 417.73M | 281.88M | 1827.23M | 1762.51M | 3088.08M |
| Other current liab | 0.28M | 40.37M | 1867.78M | 1460.05M | 290.13M |
| Common stock | 14.34M | 7.23M | 82.35M | 77.31M | 75.61M |
| Capital stock | 14.34M | 82.35M | 82.35M | 77.31M | 75.61M |
| Retained earnings | - | 241.51M | 1175.83M | - | 1888.74M |
| Other liab | - | - | - | 32.81M | 43.18M |
| Other assets | - | - | - | 116.36M | 118.47M |
| Cash | 73.95M | 33.53M | 501.01M | 2170.07M | 2459.03M |
| Total current liabilities | 157.90M | 146.25M | 15377.25M | 4067.85M | 4004.40M |
| Current deferred revenue | - | - | 1664.02M | - | - |
| Net debt | 302.17M | 406.51M | 15271.20M | 16927.98M | 15511.51M |
| Short term debt | 80.67M | 85.55M | 13345.99M | - | - |
| Short long term debt | 24.44M | 276.78M | 11380.52M | 2460.69M | 446.59M |
| Short long term debt total | 376.12M | 440.04M | 15772.21M | - | - |
| Other stockholder equity | 403.40M | 16.64M | 189.46M | 1508.74M | 946.80M |
| Property plant equipment | - | - | - | 20977.92M | 20651.51M |
| Total current assets | 174.89M | 128.69M | 15244.07M | 4803.90M | 4072.31M |
| Net tangible assets | - | - | - | 1762.08M | 3088.08M |
| Short term investments | - | - | 60.22M | 21.00M | 15.20M |
| Net receivables | 97.94M | 77.22M | 830.00M | 1972.72M | 1190.49M |
| Long term debt | 99.60M | 1502.14M | 630.59M | 16637.36M | 17523.94M |
| Inventory | 2.00M | 2.38M | 23.09M | 228.05M | 173.04M |
| Accounts payable | 76.95M | 17.73M | 138.76M | 694.56M | 552.08M |
| Accumulated other comprehensive income | - | 16.50M | 379.60M | - | - |
| Non currrent assets other | -1.00M | 9.25M | 97.44M | -0.00M | 0.00M |
| Non current assets total | 702.54M | 660.10M | 4391.27M | 21257.18M | 20865.37M |
| Capital lease obligations | 252.07M | 3231.82M | 3761.10M | 3712.08M | 2747.08M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -7.34M | 10066.06M | 6506.13M | -123.53M | -23.52M |
| Change to liabilities | - | - | - | 0.00M | 0.00M |
| Total cashflows from investing activities | -15.43M | 884.00M | 6640.48M | -128.12M | -23.52M |
| Net borrowings | -32.85M | -929.72M | -800.97M | -807.88M | -610.73M |
| Total cash from financing activities | -120.37M | -1100.95M | -9666.25M | -1647.16M | -1319.06M |
| Change to operating activities | - | - | - | -232.88M | -103.93M |
| Net income | 145.06M | 118.79M | 466.55M | -1109.08M | -1102.45M |
| Change in cash | 40.44M | -131.83M | -287.10M | -288.95M | 47.12M |
| Begin period cash flow | 33.51M | 165.36M | 2170.07M | 2459.03M | 2411.91M |
| End period cash flow | 73.95M | 33.53M | 1882.97M | 2170.07M | 2459.03M |
| Total cash from operating activities | 174.89M | 87.03M | 2675.58M | 1450.40M | 1383.75M |
| Issuance of capital stock | - | 0.00M | 14.11M | 0.00M | 0.00M |
| Depreciation | 53.50M | 29.37M | 838.67M | 1336.95M | 1224.15M |
| Other cashflows from investing activities | 0.04M | 997.94M | 7350.80M | 34.54M | 11.12M |
| Dividends paid | 4.12M | - | - | - | - |
| Change to account receivables | - | -6.83M | -366.47M | -160.06M | 34.84M |
| Other cashflows from financing activities | -82.30M | -175.26M | -1534.20M | -839.28M | -708.33M |
| Change to netincome | - | - | - | 1615.47M | 1331.14M |
| Capital expenditures | 8.23M | 1.23M | 106.03M | 612.92M | 324.85M |
| Change in working capital | 11.32M | -37.76M | -63.07M | -388.74M | -69.09M |
| Other non cash items | -34.98M | -23.38M | 1433.43M | 1341.13M | 902.15M |
| Free cash flow | 166.66M | 85.80M | 2569.55M | 1320.90M | 1311.10M |
Sector: Energy Industry: Oil & Gas Equipment & Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| SLOFF Solstad Offshore ASA |
- -% |
3.09 | - | - | 1.00 | 1.66 | 1.31 | 3.02 |
| SLB SLB N.V. |
1.06 2.12% |
50.96 | 26.44 | 16.31 | 2.21 | 3.04 | 2.42 | 13.18 |
| BKR Baker Hughes Co |
1.97 4.12% |
49.74 | 18.24 | 17.57 | 2.03 | 2.83 | 2.05 | 11.20 |
| HAL Halliburton Company |
0.86 2.71% |
32.73 | 18.29 | 12.12 | 1.33 | 2.65 | 1.58 | 9.83 |
| FTI TechnipFMC PLC |
1.03 1.60% |
65.58 | 25.50 | 21.74 | 2.82 | 8.73 | 2.77 | 14.51 |
Solstad Offshore ASA owns and operates offshore service vessels. The company owns and operates construction service vessels and anchor handling tug supply vessel and; and provides maritime services to offshore energy industry. It offers renewable energy services, subsea support operations, node seismic operations, subsea construction activities, support for well stimulation operations, and subsea and mooring installations; and additional services, such as ROVs, tooling, project personnel, and engineering support, as well as engages in oil and gas activities. The company owns a fleet of six vessels which includes three construction service vessels and three anchor handling tug supply vessels. It operates in the North Sea, North and Central America, Mediterranean/rest of Europe, Africa, South America, Australia, and Asia. Solstad Offshore ASA was founded in 1964 and is headquartered in Skudeneshavn, Norway.
| Name | Title | Year Born |
|---|---|---|
| Mr. Lars Peder Solstad | CEO & MD | NA |
| Mr. Kjetil Ramstad | Chief Financial Officer | NA |
| Mr. Tor Johan Tveit | Chief Operating Officer | NA |
| Jostein Fjelland | Accounting Mang. | NA |
| Ms. Olaug Hoines Hillesland | Admin. & Communication Director | NA |
| Mr. Per Stange | HR Director | NA |
| Mr. Hans Knut Skar Jr. | Exec. VP Subsea & Renewable Energy | NA |
| Mr. Tor Inge Dale | Chief Sustainability Officer | NA |
| Mr. Kenneth Lande | Exec. VP of Global AHTS/PSV | NA |
| Mr. Jon Are Gummedal | Exec. VP of Aquaculture | NA |
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