seekingalpha.com
Akastor ASA (AKKVF) Q4 2025 Earnings Call Transcript
Akastor ASA (AKKVF) Q4 2025 Earnings Call Transcript
AKKVFAKKVFOTC
Loading
Latest News
Loading news...
seekingalpha.com
Akastor ASA (AKKVF) Q3 2025 Earnings Call Transcript
Akastor ASA (OTCPK:AKKVF) Q3 2025 Earnings Call October 30, 2025 10:00 AM EDT Company Participants Øyvind Paaske - Chief Financial Officer Karl Kjelstad - Chief Executive Officer Eirik Bergsvik - Chief Executive Officer David Bratton - Senior Vice President of Finance - HMH Presentation Øyvind Paaske Chief Financial Officer Good afternoon, and welcome to the presentation of Akastor's third quarter results. My name is Oyvind Paaske, CFO, and I'm joined today by our CEO, Mr.
prnewswire.com
Akastor ASA: Cancellation of sale of "Skandi Peregrino" by DDW Offshore
OSLO, Norway , May 16, 2025 /PRNewswire/ -- Reference is made to press release dated 4 March 2025 in respect of Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") and the agreement to sell "Skandi Peregrino", which was conditional on charterer's consent. Since the charterer has not accepted to novate the relevant contract on the vessel, the agreement to sell the vessel has today been cancelled.
prnewswire.com
Akastor ASA: First Quarter Results 2025
FORNEBU, Norway , April 30, 2025 /PRNewswire/ -- First Quarter Highlights: HMH reported an adjusted EBITDA of USD 33 million for the quarter, with free cash flow of USD 15 million. AKOFS Offshore delivered strong operational performance across all vessels.
prnewswire.com
Akastor ASA: Invitation to Presentation of First Quarter 2025 Results
OSLO, Norway , April 11, 2025 /PRNewswire/ -- Akastor ASA invites investors and analysts to a webcast presentation of the first quarter 2025 financial results on Wednesday, 30 April 2025. Date and time: Wednesday, 30 April 2025, at 15:00 CET Presenters: Akastor: Karl Erik Kjelstad, CEO, and Øyvind Paaske, CFO HMH: Thomas McGee, CFO, and David Bratton, SVP FP&A and Operational Finance Link to webcast: https://akercreativehub.eventcdn.net/events/akastor-audiocast-q1-2025 Questions can be submitted throughout the streaming event.
prnewswire.com
Akastor ASA: Sale of "Skandi Peregrino" by DDW Offshore
FORNEBU, Norway , March 4, 2025 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has entered into a binding agreement to sell "Skandi Peregrino" for a purchase price of USD 25 million, which today has become firm. The agreement is entered into on Saleform 2012 terms, suitably amended, and completion is conditional on charterer's consent.
prnewswire.com
Akastor ASA: Fourth Quarter Results 2024
FORNEBU, Norway , Feb. 13, 2025 /PRNewswire/ -- Fourth Quarter Highlights: Net capital employed increased by NOK 0.2 billion during the quarter, reaching NOK 5.0 billion. Equity stood at NOK 5.9 billion at quarter-end, equivalent to NOK 21.4 per share, up from NOK 20.4 per share last quarter.
prnewswire.com
Akastor ASA: Completion of transfer of ownership interests in AKOFS Offshore
FORNEBU, Norway , Feb. 12, 2025 /PRNewswire/ -- Reference is made to the press release dated 14 January 2025 regarding the agreement in which Akastor ASA (OSE: AKAST) transfers 8.3% of the shares in AKOFS Offshore AS ("AKOFS Offshore") to Mitsui O.S.K. Lines, Ltd.
prnewswire.com
Akastor ASA: Invitation to Presentation of Fourth Quarter 2024 Results
OSLO, Norway , Jan. 30, 2025 /PRNewswire/ -- Akastor ASA invites investors and analysts to a webcast presentation of the fourth quarter 2024 financial results on Thursday, 13 February 2025. Date and time: Thursday, 13 February 2025, at 16:30 CET Please note the updated time for this quarter's presentation.
prnewswire.com
Akastor ASA: Completion of Mitsui transfer and agreement with MOL on ownership in AKOFS Offshore
FORNEBU, Norway, Jan. 14, 2025 /PRNewswire/ -- Reference is made to press release dated 6 November 2024 concerning the agreement between Akastor ASA (OSE: AKAST) and Mitsui & Co., Ltd. ("Mitsui") on the transfer of all of Mitsui's interests in AKOFS Offshore AS ("AKOFS Offshore").
prnewswire.com
Akastor ASA: DDW Offshore awarded contract extension
FORNEBU, Norway , Dec. 3, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has been awarded a 6-month extension of the existing contract with Petrofac for the vessel Skandi Emerald. The extension means that the contract term now is extended to 14 July 2025.
prnewswire.com
Akastor ASA: Akastor purchases ownership interests in AKOFS Offshore from Mitsui
FORNEBU, Norway , Nov. 6, 2024 /PRNewswire/ -- Akastor ASA (OSE: AKAST) and Mitsui & Co., Ltd, ("Mitsui") have today signed an agreement for the transfer of all of Mitsui's interests in AKOFS Offshore AS ("AKOFS Offshore") to Akastor. Agreed purchase price, after certain adjustments, is USD 22.5 million, of which USD 15 million is payable at closing and remaining USD 7.5 million is payable in two equal tranches in June and December 2025.
prnewswire.com
Akastor ASA: Third Quarter Results 2024
FORNEBU, Norway , Oct. 30, 2024 /PRNewswire/ -- Third Quarter Highlights Net capital employed increased by NOK 0.1 billion during the quarter to NOK 4.8 billion. Equity stood at NOK 5.6 billion at the end of the quarter, corresponding to NOK 20.4 per share, up from NOK 20.2 per share at the end of the last quarter.
prnewswire.com
Akastor ASA: DDW Offshore secures two contracts with an international oil company
FORNEBU, Norway, Oct. 24, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has been awarded two one-year contracts, each with a further 24-month priced option structure, with an international oil company for the anchor handling tug supply (AHTS) vessels Skandi Peregrino and Skandi Atlantic. The vessels will provide anchor handling and towage services in Australia, commencing on January 1, 2025, and March 1, 2025, respectively.
prnewswire.com
Akastor ASA: Invitation to Presentation of Third Quarter 2024 Results
OSLO, Norway , Oct. 16, 2024 /PRNewswire/ -- Akastor ASA invites investors and analysts to a webcast presentation of the third quarter 2024 financial results on Wednesday, 30 October 2024. Date and time: Wednesday, 30 October 2024, at 15:00 CET Presenters: Akastor: Karl Erik Kjelstad, CEO, and Øyvind Paaske, CFO HMH: Thomas McGee, CFO, and David Bratton, SVP FP&A and Operational Finance Link to webcast: https://akercreativehub.eventcdn.net/events/akastor-audiocast-q3-2024 Questions can be submitted throughout the streaming event.
prnewswire.com
Akastor ASA: Second Quarter and Half Year Results 2024
FORNEBU, Norway , July 11, 2024 /PRNewswire/ -- Second Quarter Highlights DRU arbitration concluded, with USD 176 million received in cash and an accounting gain of NOK 748 million in the second quarter Net interest-bearing debt reduced by NOK 1.6 billion in the quarter, with net interest-bearing items in a net cash position of NOK 831 million per end of June 2024 Corporate bank facility amended and extended to June 2026. The facility, with a size of USD 30 million, was not drawn per end of period Approximately 3 million shares received in Odfjell Drilling in period pursuant to a warrant agreement HMH continues to deliver strong financials, with an LTM EBITDA (adj.
prnewswire.com
Akastor ASA: Invitation to presentation of second quarter results 2024
OSLO, Norway , June 27, 2024 /PRNewswire/ -- Akastor ASA invites investors and analysts to a webcast presentation of first quarter 2024 financial results on Thursday 11 July 2024. Date and time:Thursday 11 July 2024 at 15:00 CET Presenters: Akastor - Karl Erik Kjelstad, CEO and Øyvind Paaske, CFOHMH - Eirik Bergsvik, CEO and Thomas McGee, CFO Link to webcast: https://channel.royalcast.com/landingpage/hegnarmedia/20240711_8/ Questions can be submitted throughout the streaming event.
prnewswire.com
Akastor ASA: Odfjell Drilling Ltd shares received pursuant to Warrant Agreement
FORNEBU, Norway , May 31, 2024 /PRNewswire/ -- Akastor ASA's (OSE: AKAST) subsidiary Akastor AS has today received 3,023,886 shares in Odfjell Drilling Ltd. (OSE: ODL), pursuant to a warrant investment agreement that was entered into in 2018.
prnewswire.com
Akastor ASA: DRU arbitration award - Settlement of interest and costs
FORNEBU, Norway , May 21, 2024 /PRNewswire/ -- Reference is made to Akastor ASA's (OSE: AKAST) announcements dated 18 and 22 April 2024 on the arbitration award issued in respect of the DRU contracts. The parties to the arbitration have reached an agreement on settlement of the claims that remain unpaid, which includes interest and certain costs, whereby USD 68 million ("Settlement Sum") shall be paid to MHWirth AS as full and final settlement.
prnewswire.com
Akastor ASA: Payment received of DRU award
FORNEBU, Norway , April 26, 2024 /PRNewswire/ -- Reference is made to Akastor ASA's (OSE: AKAST) announcement dated 18 April 2024 on the arbitration award issued in respect of the DRU contracts. Payment of the principal sums awarded, in total USD 108 million (exclusive interest), has now been received.