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Prosafe ( (GB:0J5Y) ) has provided an announcement.
Prosafe SE reported a decrease in EBITDA for the second quarter and first half of 2025 compared to the previous year. Despite the financial downturn, the company completed a significant recapitalisation, equitising USD 193 million of debt for 90% of the shares, which is expected to provide a sustainable capital structure and improve future earnings. The company has a strong operational performance with high vessel utilisation rates, particularly in Brazil, and a substantial backlog of USD 518 million, indicating a positive market outlook.
More about Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange under the ticker code PRS.
Average Trading Volume: 571,600
Current Market Cap: NOK1.51B
See more data about 0J5Y stock on TipRanks’ Stock Analysis page.