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Solstad Maritime ASA

Solstad Maritime ASA

SOMA · OL · Industrials / Marine Shipping

27.35NOK-0.40 (-1.44%)

Price History

Full chart

Market Stats

Previous Close27.75
Open27.30
Day Range27.30 – 27.95
52-Week Range15.36 – 29.70
Volume113.54K
Market Cap13.31B
P/E (TTM)5.28
Forward P/E0.00
EPS5.42
Dividend Yield13.61%
50-Day Avg28.62
200-Day Avg26.03

About

Solstad Maritime ASA owns and operates offshore service vessels (OSVs) that provides maritime services to the offshore energy industry in North Sea, North and Central America, Mediterranean and rest of the Europe, Africa, South America, Australia, and Asia. It operates through Anchor Handling Tug Supply Vessels (AHTS) and Construction Service Vessels (CSVs) segments. The company operates subsea construction contracts; and offers services to various vessel spreads, such as ROVs, tooling, project personnel, engineering support, survey, and other services. It also offers vessel management and operations services. The company operates 10 AHTS vessels and 22 CSVs. Solstad Maritime ASA was incorporated in 2023 and is headquartered in Skudeneshavn, Norway.

Company Details

  • SectorIndustrials
  • IndustryMarine Shipping
  • CEOMr. Lars Peder Solstad
  • Employees1.50K
  • HeadquartersNesavegen 39, Skudeneshavn, Norway, 4280, Norway
  • Websitehttps://www.solstad.com

Leadership

  • Mr. Lars Peder SolstadChief Executive Officer
  • Mr. Kjetil RamstadChief Financial Officer
  • Mr. Tor Johan TveitChief Operating Officer
  • Mr. Hans Knut Skar Jr.Chief Commercial Officer
  • Ms. Olaug Hoines HilleslandAdministration & Communication Director
  • Mr. Eivind KvilhaugSenior Vice President of Finance

Financials

Income Statement

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue403.46M468.36M462.11M551.80M580.25M
Growth (%)-+16.09%-1.34%+19.41%+5.16%
Cost of Revenue314.32M189.55M188.67M144.58M170.25M
Gross Profit89.14M143.63M253.11M407.22M410.01M
Gross Margin22.09%30.67%54.77%73.80%70.66%
Operating Expense153.38M11.58M60.41M154.61M214.35M
Operating Income-64.24M132.05M192.70M252.60M195.66M
Operating Margin-15.92%28.19%41.70%45.78%33.72%
EBITDA-83.76M168.49M320.75M335.72M
EBITDA Margin-17.88%36.46%58.13%57.86%
Net Income-175.46M-86.73M63.65M240.81M212.94M
Net Income Margin-43.49%-18.52%13.77%43.64%36.70%
Interest Expense82.96M74.19M120.87M91.22M67.39M
Interest Expense % of Total Revenue20.56%15.84%26.16%16.53%11.61%

Balance Sheet

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.27B2.04B1.50B1.90B1.63B
Total Liabilities2.23B1.92B1.28B1.02B746.75M
Total Equity43.20M123.52M214.84M878.78M879.85M
Cash232.63M35.71M136.84M196.26M48.81M
Net Debt1.88B1.63B957.79M580.33M532.70M

Cash Flow

Currency: USD2021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow69.92M106.74M260.42M312.84M286.73M
Investing Cash Flow--3.57M565.11M-6.18M-71.91M
Financing Cash Flow--111.75M-884.45M-240.43M-318.40M
Capital Expenditure27.06M12.75M14.21M13.97M41.02M
Free Cash Flow42.86M62.34M184.65M216.10M166.74M
Dividends Paid--14.75M20.52M107.40M
FCF to OCF61.30%58.41%70.90%69.08%58.15%
Dividend Paid to FCF--7.99%9.50%64.41%

Earnings

Report DateMay 28, 2025Jul 14, 2025Oct 30, 2025Mar 26, 2026May 7, 2026Jul 15, 2026
EPS Estimate--0.600.490.921.10
EPS Actual1.141.110.691.961.461.13
Surprise--14.76%300.00%59.92%2.73%
Timing-Pre-market-After-hours-Pre-market

Key Statistics & Ratios

Market Cap13.31B
Enterprise Value18.23B
Trailing P/E5.28
Forward P/E0.00
Price / Sales21.10
Price / Book1.49
EPS5.42
Book Value19.15
Revenue (TTM)630.79M
Gross Profit (TTM)459.14M
EBITDA299.30M
Profit Margin39.68%
Operating Margin37.02%
Return on Equity28.44%
Return on Assets8.27%
Shares Outstanding465.36M
Shares Float58.73M
Dividend Yield13.61%
Dividend Rate3.89
Payout Ratio45.60%

Dividends

20264×
1.11Nov 6, 20260.97Jul 17, 20260.79May 18, 20260.31Feb 23, 2026
20253×
0.33Nov 10, 20250.76Jul 16, 20250.77May 20, 2025