Odfjell Q2 2025

Key details of Q2 dividend:  

- Dividend amount: 1.52 NOK per share  
- Announced currency: NOK  
- Last day including right: 28 August 2025 
- Ex-date: 29 August 2025 
- Record date: 01 September 2025   
- Payment date: 11 September 2025 
- Date of approval: 20 August 2025

Wow lyckades få vit text med svart bakgrund! (kanske bara för mig?) 11% utdelning om jag förstår rätt som ju är trevligt. Capex ska sjunka q4. Följer dom på LinkedIn där det verkar trevligt med nöjda sommarjobbare som får vara ute på rigg. Vill minnas att det fanns någon överhängande tvist där odfjell eventuellt behöver betala massa pengar till uk. Vet ej hur det har spelat ut. Tuffar väl på annars med bra backlog.

Märkligt nog inget om tvisten med det brittiska skatteverket. Skulle kommit besked i Q2 om OTL fått tillstånd att överklaga. Jag har mejlat och frågat.

I nuläget är OTL en cash machine. På 55kr avkastar aktien mycket riktigt 11% men så sent som i våras köpte jag aktien för 40kr vilket ger en direktavkastning på 15%.

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.

Key details of Q2 dividend:  

- Dividend amount: 1.52 NOK per share  
- Announced currency: NOK  
- Last day including right: 28 August 2025 
- Ex-date: 29 August 2025 
- Record date: 01 September 2025   
- Payment date: 11 September 2025 
- Date of approval: 20 August 2025

Märkligt nog inget om tvisten med det brittiska skatteverket. Skulle kommit besked i Q2 om OTL fått tillstånd att överklaga. Jag har mejlat och frågat.

I nuläget är OTL en cash machine. På 55kr avkastar aktien mycket riktigt 11% men så sent som i våras köpte jag aktien för 40kr vilket ger en direktavkastning på 15%.

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.

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Odfjell Q2 2025

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