Summary
Freight revenues amounted to NOK 165.5 million in Q2 2025, an increase of NOK 19.5 million compared to the corresponding period last year and approximately at the same level as the previous quarter.
The average rate of assignments and utilization in this quarter is approximately at the same level as in the previous quarter. Operating expenses were NOK 83.7 million in Q2 2025, an increase compared to Q2 2024 of NOK 9.2 million and a decrease compared to the previous quarter of NOK 7.3 million.
- The company had a profit before depreciation of NOK 91.3 million in Q2 2025, compared to NOK 78.4 million in Q2 2024.
- There have been no impairment charges or reversal of previous impairment charges in the second quarter of this year. In the second quarter of last year, previous impairment charges were reversed by NOK 154.0 million.
- Value adjustment of the company’s debt amounted to NOK – 22.6 million in the second quarter compared to NOK – 193.3 million in the corresponding period last year.
- Profit before tax was NOK 8.7 million in Q2 2025, compared to NOK 4.0 million in Q2 2024.
As of 30.06.25, the company had 14 vessels operated from Fosnavåg, six of which were for external owners.
Fleet utilization in Q2 2025 was 98.1%.
Result for 2 quarter 2025
- Total operating income amounted to NOK 175.0 million (NOK 152.9 million).
- Total operating expenses …