(Figures in brackets refer to the corresponding period last year)
22 Aug 2025 – Prosafe SE reported EBITDA of USD 3.1 million (USD 6.6 million) for the second quarter and USD 7.7 (USD 13.8 million) for the first half of 2025.
OPERATIONS, HSSE AND BACKLOG
- Good operating performance on all vessels.
- Utilisation of 66%, four out of five vessels operating during the quarter
- Safe Zephyrus, Safe Eurus and Safe Notos operating at 99% utilisation in Brazil
- Safe Caledonia commenced operations at the Captain Field in the UK on 2 June
- Safe Boreas arrived in Singapore in July ahead of upcoming contract in Australia
- Safe Notos awarded four-year contract with Petrobras in Brazil, commencing September 2026 in continuation of its existing contract at significantly increased dayrate
- USD 518 million in backlog (USD 323 million) including options/LOIs
Q2 AND FIRST HALF FINANCIALS
- Q2 revenues of USD 30.9 million (USD 34.2 million) and USD 63.9 million (USD 68.2 million) in H1
- EBITDA of USD 3.1 million (USD 6.6 million) for Q2 and USD 7.7 million (USD 13.8 million) for H1
- Cash flow from operations of USD 12.2 million (USD 15.5 million) in Q2 and USD 40.8 …