Solstad Maritime Holding AS engages in the provision of remotely operated vehicles (ROV), survey, and other additional services. The company is headquartered in Skudeneshavn, Rogaland and currently employs 1,451 full-time employees. The company went IPO on 2025-05-16. The firm's core business is to provide services to offshore activities in the petroleum and renewable energy sectors. Solstad Maritime ASA is the parent company of the Group. The Group operates a fleet consisting of 32 wholly owned vessels, including 22 CSVs (as defined herein), and 10 AHTS (as defined herein). The majority of the vessels are equipped to carry out projects over and above traditional supply and anchor-handling services. Activities also include projects for development of offshore wind farms. Its customers are engineering, construction and services companies, oil companies and offshore wind developers. The firm operates in the global offshore services market and provides marine services for the offshore energy industry through its high-end subsea and AHTS vessels globally.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
952
479
425
488
414
Revenue Growth (YoY)
--
13%
-13%
18%
--
Cost of Revenue
--
--
--
--
--
Gross Profit
--
--
--
--
--
Selling, General & Admin
327
144
111
218
219
Research & Development
--
--
--
--
--
Operating Expenses
588
281
273
433
451
Other Non Operating Income (Expenses)
23
22
-16
-116
-37
Pretax Income
341
205
45
-88
-166
Income Tax Expense
-40
-38
5
3
13
Net Income
383
243
58
-90
-180
Net Income Growth
--
319%
-164%
-50%
--
Shares Outstanding (Diluted)
465.35
465.35
465.35
465.35
465.35
Shares Change (YoY)
--
0%
0%
0%
--
EPS (Diluted)
0.82
0.52
0.12
-0.19
-0.39
EPS Growth
--
333%
-163%
-51%
--
Free Cash Flow
398
278
226
97
65
Free Cash Flow Per Share
--
--
--
--
--
Gross Margin
--
--
--
--
--
Operating Margin
38.13%
41.33%
35.76%
11.06%
-8.93%
Profit Margin
40.23%
50.73%
13.64%
-18.44%
-43.47%
Free Cash Flow Margin
41.8%
58.03%
53.17%
19.87%
15.7%
EBITDA
422
217
218
93
95
EBITDA Margin
44.32%
45.3%
51.29%
19.05%
22.94%
D&A For EBITDA
59
19
66
39
132
EBIT
363
198
152
54
-37
EBIT Margin
38.13%
41.33%
35.76%
11.06%
-8.93%
Effective Tax Rate
-11.73%
-18.53%
11.11%
-3.4%
-7.83%
Follow-Up Questions
What are Solstad Maritime ASA's key financial statements?
According to the latest financial statement (Form-10K), Solstad Maritime ASA has a total asset of $1,686, Net profit of $243
What are the key financial ratios for SLTMF?
Solstad Maritime ASA's Current ratio is 1.86, has a Net margin is 50.73, sales per share of $1.02.
How is Solstad Maritime ASA's revenue broken down by segment or geography?
Solstad Maritime ASA largest revenue segment is Biopharmaceutical Products, at a revenue of 85,194,300 in the most earnings release.For geography, China is the primary market for Solstad Maritime ASA, at a revenue of 85,194,300.
Is Solstad Maritime ASA profitable?
yes, according to the latest financial statements, Solstad Maritime ASA has a net profit of $243
Does Solstad Maritime ASA have any liabilities?
yes, Solstad Maritime ASA has liability of 906
How many outstanding shares for Solstad Maritime ASA?
Solstad Maritime ASA has a total outstanding shares of 465.35