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Vow ASA (SSHPF)
OTHER OTC:SSHPF
US Market

Vow ASA (SSHPF) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Aug 27, 2026
TBA (Confirmed)
Period Ending
2026 (Q2)
Consensus EPS Forecast
Last Year’s EPS
-0.02
Same Quarter Last Year
Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 25, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong operational momentum in Maritime and Aftersales with record revenues, healthy order intake and backlog, improved liquidity and clear strategic actions. However, substantial noncash impairments (NOK 119 million), inventory write-downs, a negative reported pre-tax result (NOK -127 million) and weakness/uncertainty in parts of Industrial Solutions temper the positive developments. Underlying operations and adjusted results show improvement, but near-term reported profitability is adversely affected by one-off accounting charges and continued project/market execution risks.
Company Guidance
The company said short‑term liquidity and covenant risk have been addressed—Q4 and Q1 2026 covenants were waived, a new covenant structure was agreed for Q2 2026 onward and peak interest on loans has been terminated—and available liquidity rose from NOK 229m at the start of 2025 (post private placement) to NOK 136m at year‑end after dipping to NOK 49m at end‑Q3, although management expects ongoing fluctuations from milestone invoicing and project activity. Operationally Q4 order intake was NOK 545m with a group backlog of NOK 1.7bn (plus ~NOK 400m of options) and a subsequent 4‑vessel contract of NOK 27m; Maritime backlog is ~NOK 1.6bn and Industrial Solutions backlog NOK 112m. Financials: Q4 revenue NOK 347m (up NOK 82m YoY), Maritime NOK 171m, Aftersales NOK 64m; gross profit NOK 79m; adjusted EBITDA NOK 16m (including a NOK 10m inventory write‑down); result before tax was NOK ‑127m driven by a NOK 119m noncash impairment (Maritime NOK 23m; Industrial NOK 96m incl. NOK 58m goodwill), while pre‑impairment and write‑down result before tax was ~NOK 2.5m. Margin and timing guidance: Maritime gross margin 20% (would be 23% excl. write‑down), Aftersales margin 38% (from 33%), Industrial margin 18% (from 37%); management expects continued strong Maritime demand into 2026, completion of the two Industrial projects during 2026, no formal new long‑term financial targets yet, and higher amortization of ~NOK 4m in 2026 and an additional ~NOK 7m in 2027.
Record Quarter Revenue
Total Q4 revenue of NOK 347 million, up NOK 82 million (≈31%) from Q4 2024 (NOK 265 million); driven by all-time highs in Maritime and Aftersales.
Maritime Solutions Strength
Maritime Q4 revenue of NOK 171 million (all-time high), up NOK 53 million YoY; full-year Maritime revenue up 25% YoY; Maritime backlog ~NOK 1.6 billion and company holds roughly 70% market share in global cruise newbuild segment.
Aftersales Growth and Margin Expansion
Aftersales Q4 revenue NOK 64 million, up NOK 12 million YoY (23% increase from Q4 '24); full-year Aftersales up 14% YoY; gross margin expanded from 33% to 38% in Q4, reflecting scale and efficiency gains; installed base now serves ~200 cruise vessels.
Strong Order Intake and Backlog Visibility
Order intake of NOK 545 million in the quarter, total backlog NOK 1.7 billion with an additional ~NOK 400 million in options; subsequent contract signed for 4 cruise vessels valued at NOK 27 million, providing multi-year revenue visibility.
Improved Liquidity and Covenant Progress
Available liquidity improved to NOK 136 million at year end (from NOK 49 million at end Q3); Q4 and Q1 2026 covenants were waived and a new covenant structure agreed for Q2 2026 onwards; peak interest previously added to loans has been terminated.
Adjusted Operational Profitability
Adjusted EBITDA for Q4 of NOK 16 million (same as prior-year quarter) and adjusted result before tax of NOK 2.5 million when adding back noncash impairment (NOK 119 million) and warehouse write-down (NOK 10 million), indicating improving underlying operations.
Industrial Milestones Achieved
First biocarbon successfully produced in Q4 and a large pyrolysis reactor delivered (expected to start operations in 2026); two circular projects in commissioning with planned conclusions in 2026; FEED study completed and permitting progressing for end-of-life-tires project.
Strategic and Organizational Reset
Completed strategy review and implemented new structure (three business units: Maritime Solutions, Industrial Solutions, Aftersales) with clearer P&L accountability, revised capitalization policy, strengthened finance function, and plan to position Scanship as a pure-play Maritime company.

Vow ASA (SSHPF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

SSHPF Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Aug 27, 2026
2026 (Q2)
- / -
-0.022
Feb 25, 2026
2025 (Q4)
0.00 / 0.00
-0.028
Aug 28, 2025
2025 (Q2)
- / -0.02
0.03-173.70% (-0.05)
Feb 27, 2025
2024 (Q4)
0.03 / -0.03
-0.06959.09% (+0.04)
Aug 29, 2024
2024 (Q2)
-0.02 / 0.03
0.004702.78% (+0.03)
Feb 29, 2024
2023 (Q4)
-0.03 / -0.07
0.007-1085.07% (-0.08)
Aug 23, 2023
2023 (Q2)
0.01 / <0.01
0.021-81.91% (-0.02)
Feb 23, 2023
2022 (Q4)
0.01 / <0.01
0.008-15.19% (>-0.01)
Aug 25, 2022
2022 (Q2)
0.02 / 0.02
0.002804.55% (+0.02)
Feb 23, 2022
2021 (Q4)
0.08 / <0.01
<0.0011028.57% (<+0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

SSHPF Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 25, 2026
$0.32$0.320.00%
Aug 28, 2025
$0.16$0.160.00%
Feb 27, 2025
$0.14$0.140.00%
Aug 29, 2024
$0.39$0.390.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vow ASA (SSHPF) report earnings?
Vow ASA (SSHPF) is schdueled to report earning on Aug 27, 2026, TBA (Confirmed).
    What is Vow ASA (SSHPF) earnings time?
    Vow ASA (SSHPF) earnings time is at Aug 27, 2026, TBA (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is SSHPF EPS forecast?
          Currently, no data Available