Rem Offshore Holding AS delivered a strong performance in 2025, driven by high fleet utilization, solid long-term contracts, and a modern fleet serving the offshore service, subsea, seismic, and renewable markets. The Group’s operating and other income amounted to NOK 1.98 billion, up from NOK 1.82 billion the previous year, and the fleet achieved a utilization rate of 96%.
EBITDA reached NOK 1.27 billion in 2025, compared to NOK 1.15 billion in 2024. Net profit for the Group was NOK 1.03 billion in 2025, compared to NOK 343 million in 2024. The result includes an accounting gain of approximately NOK 240 million from the sale of the PSV vessel Rem Supporter.
The Group also strengthened its balance sheet throughout the year. At year-end 2025, Rem Offshore Holding had equity of NOK 2.7 billion, corresponding to an equity ratio of 53.6 percent. Cash and cash equivalents amounted to NOK 656 million, and the Board considers the Group’s financial position and liquidity to be solid.
Rem Offshore continues to invest in low-emission and energy-efficient vessel technology. The newbuilding program includes three modern, energy-efficient vessels, including the construction vessel Rem Pioneer, scheduled for delivery in Q3 2026, and the IMR vessel Rem Ocean, to be delivered in Q2 2027 and entering a long-term IMR contract on the Norwegian continental shelf for DeepOcean. Both vessels will operate on methanol and diesel, enabling significant emission reductions.
The Board expects continued high fleet utilization and a solid financial position in 2026, supported by a strong order backlog and long-term contracts. As of June 2026, the company has an order backlog of NOK 6.2 billion. Market outlook remains positive, although developments may still be affected by factors such as energy prices, currency fluctuations, interest rates, and general market conditions.