Odfjell Technology Ltd is pleased to report its financial and operational results for the three-month period ended 30th June 2025.
Stable Q2 with solid backlog and shareholder returns.
Odfjell Technology Ltd today reported second-quarter 2025 revenue of NOK 1,373 million and EBITDA of NOK 193 million, after NOK 11 million in restructuring costs. EBIT was NOK 127 million. Adjusted EBITDA, excluding restructuring costs, was NOK 204 million, compared with NOK 197 million in Q1 2025 and NOK 191 million in Q4 2024, demonstrating a steady improvement in underlying profitability.
The company declared a quarterly dividend of NOK 60 million, equal to an annualised yield of around 11%, marking the tenth consecutive distribution to shareholders.
Cash flow in the quarter was impacted by front-loaded capex and seasonal working capital build-up. Capex will remain high in Q3, before declining sharply in Q4. This pattern reflects strategic investments, including Powered Wired Drill Pipe, which will start contributing from late 2025.
Odfjell Technology AS CEO Simen Lieungh said: “Our NOK 12.9 billion backlog and strong contract portfolio continue to provide stability and visibility. Underlying EBITDA has improved for two consecutive quarters, and we expect this trend to continue into the second half of 2025.
Our Performance Improvement Programme is progressing well, with efficiency gains starting in the second half and with full effect in 2026.”
Q2 Highlights:
- Revenue of NOK 1,373m
- EBITDA of NOK 193m
- EBIT of NOK 127m
- Dividend of NOK 60m
- Leverage ratio of 1.27X
- Available liquidity of NOK 766m
- Backlog of NOK 12.9bn
For the full results, please see the attached report and presentation.
Chief Executive Officer Simen Lieungh, Chief Financial Officer Jone Torstensen and SVP Finance & Investor Relations Gert Haugland, of Odfjell Technology AS will be hosting a webcast on Thursday 21st August 2025 to present the results, as well as providing an outlook for the Company, at 09:30am UK time / 10:30am Norway Time.
Stakeholders can either use the following link for the webcast or listen via telephone using the details below.
Information on how to submit questions will be given at the beginning of the Q&A session.
Please join the event 5-10 minutes prior to scheduled start time.
Webcast details:
https://edge.media-server.com/mmc/p/8j6ptkdo
Participant call details:
https://register-conf.media-server.com/register/BI4109e1b5a67d4ddb9fa7047a42a00fc2
Click on the call link and complete the online registration form.
Upon registering you will receive the dial-in info and a unique PIN to join the
call as well as an email confirmation with the details.
Select one of the following methods for joining the call:
– Dial-In: A dial in number and unique PIN are displayed to connect directly
from your phone.
– Call Me: Enter your phone number and click “Call Me” for an immediate
call-back from the system. The call will come from a US number.
Participants will have the ability to “raise their hand” to ask a verbal
question during the Q&A.
For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0) 7796 547 889
gbas@odfjelltechnology.com
or
Gert Haugland, SVP Finance & Investor Relations
+47 92661638
gjha@odfjelltechnology.com
Aberdeen, United Kingdom
21st August 2025
Odfjell Technology Ltd
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.