Solstad Offshore ASA — Earnings Release 2023

Nov 29, 2023

Boa Offshore AS - Consolidated Third quarter report 2023

Boa Offshore AS - Consolidated Third quarter report 2023

Boa Offshore AS reports consolidated operating revenues of NOK 140m in 3Q 2023 (NOK 617m in the same quarter 2022 - including NOK 460m gain from exit of subsidiary). Operating profit before depreciation (EBITDA) was NOK 60,0m (NOK 471,8m). Net financial items were NOK -7,9m (NOK -93,7m) and Net profit was NOK 26,7m (NOK 353,3m).

For further information, please contact:

Ole Bjørnevik, CEO: Tel +47 926 14 510, or

Albert Strand, Finance Director +47 907 44 461

About Boa Offshore:

Boa Offshore is a Norwegian-based global offshore vessel owner, manager and operator with a well-diversified fleet of 23 units focused on 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.