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Prosafe ( (GB:0J5Y) ) has provided an announcement.
Prosafe reported a sharp improvement in fourth-quarter 2025 results, with EBITDA climbing to USD 21.1 million from USD 8.4 million a year earlier as all five vessels generated revenue and fleet utilisation reached 100%. Full-year 2025 EBITDA rose to USD 40 million, at the top end of guidance, supported by higher day rates, reduced net interest-bearing debt and a stronger liquidity position.
Operationally, the Safe Boreas commenced full day-rate earnings in mid-December ahead of Australian work, while all options on Safe Caledonia were exercised and a new letter of intent was secured for 2027–28, helping lift order backlog to USD 428 million. With all high-end units contracted through 2026 and into 2027, Prosafe sees continued earnings growth in 2026 and is exploring strategic opportunities, including potential M&A, amid a tightening global offshore accommodation market led by robust demand in Brazil and Africa.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels serving the global offshore oil and gas industry. Listed on Euronext Oslo Børs under the ticker PRS, the company focuses on high-end units that provide offshore accommodation and support services, with a growing presence in key markets such as Brazil, Africa and Australia.
Average Trading Volume: 1,297,319
Current Market Cap: NOK1.3B
See more data about 0J5Y stock on TipRanks’ Stock Analysis page.