Solstad Offshore ASA — Earnings Release 2022

Aug 29, 2022

Boa Offshore AS - Consolidated Second quarter report 2022

Boa Offshore AS - Consolidated Second quarter report 2022

Boa Offshore AS reports consolidated operating revenues of NOK 238m in 2Q 2022 (NOK 228m in the same quarter 2021). Operating profit before depreciation (EBITDA) was NOK 83m (NOK 58m). Net financial items was NOK -44m (NOK -19m) and Net profit was NOK 3m (NOK 0,1m).

For further information, please contact:

Helge Kvalvik, CEO: Tel +47 97 97 97 72

About Boa Offshore:

Boa Offshore is a Norwegian-based global offshore supply vessel owner and operator with a well-diversified fleet of 26 units focused on subsea, barges, tugs, AHTS, engineering and project management. The company has the most sophisticated semi-submersible barge fleet in the world and holds the global market-leading position for heavy lift barges. The Boa group is an experienced and focused operator with more than 40 years of history