Financial Performance - Prosafe SE reported Q4 2025 EBITDA of USD 21.1 million, significantly up from USD 8.4 million in Q4 2024 [1][6] - Full-year 2025 EBITDA reached USD 40.0 million, an increase from USD 27.2 million in 2024, and at the high end of the guided range for the year [2][5] - Revenues for Q4 2025 were USD 70.9 million, compared to USD 37.0 million in the same quarter last year [6] Operational Highlights - The company achieved 100% fleet utilization in Q4 2025, with all five units under contract [6] - Safe Boreas commenced operations in Australia ahead of schedule, starting full day rate from December 15, 2025 [1][6] - The backlog reached USD 428 million, including options and excluding the letter of intent for Safe Caledonia [6] Market Outlook - Prosafe is positioned for continued earnings growth in 2026, with full-year EBITDA expected to be in the range of USD 45-55 million [2][5] - The company is experiencing strong demand in the global offshore accommodation market, particularly in Brazil and Africa [6] - All high-end vessels are contracted through 2026 and into 2027, reflecting significant commercial progress [5][6]
Prosafe SE: Fourth-quarter results 2025
Globenewswire·2026-02-26 06:00