Solstad Offshore ASA — Earnings Release 2022

Mar 1, 2023

Boa Offshore AS - Consolidated Fourth quarter report 2022

Boa Offshore AS - Consolidated Fourth quarter report 2022

Boa Offshore AS reports consolidated operating revenues of NOK 120m in 4Q 2022 (NOK 210m in the same quarter 2021). Operating profit before depreciation (EBITDA) was NOK 27,5m (NOK 56,2m). Net financial items was NOK -18,9m (NOK -25,3m) and Net profit was NOK 114,5m (NOK -7,2m).

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 24 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.