Prosafe SE Annual Report Highlights and Financial Insights

Author: Dylan Bailey Updated: 05-16-2025 05:00 AM

Prosafe SE's Commitment to Transparency and Growth

In the realm of offshore accommodation solutions, Prosafe SE stands as a shining example of commitment and growth. Recently, the company shared vital updates regarding its 2024 annual report, transparency act statement, and remuneration report, ensuring stakeholders are well-informed about its financial health and operational achievements.

Financial Overview and Key Adjustments

The annual report outlining 2024 metrics was published on April 30, 2025. Prosafe’s approach to transparency in reporting has reinforced its position as a trusted player in the market. The document features detailed annual accounts, a corporate governance report, and a comprehensive sustainability report.

On January 31, 2025, preliminary and unaudited results were released, showcasing strong performance indicators. However, the audited accounts unveiled pertinent adjustments to EBITDA and net loss figures. Following the sale of the Safe Concordia in March 2025, notable changes were recorded.

EBITDA increased from USD 23.8 million to USD 27.2 million due to the reversal of demobilisation accruals, indicating efficient management of operating costs.
Impairment rose to USD 8.4 million, reflecting a realised sale price that fell below net book value after the reporting date. This adjustment is crucial for accurate asset valuation.
The net loss for the period increased to USD 46.7 million, up by USD 4.9 million from previous estimates, which calls for close attention to strategic planning moving forward.

Accessing Prosafe's Reports and Documentation

Prosafe emphasizes the importance of making critical information accessible to stakeholders. The annual report and associated documents are readily available online for those interested in understanding the company’s financial landscape. These documents can be explored further through the company’s dedicated investor relations page.

About Prosafe SE

Prosafe SE operates as a leading owner and operator of semi-submersible accommodation vessels. The company's focus on providing a safe and effective working environment offshore has cemented its reputation in the industry. It is publicly listed on the Oslo Stock Exchange under the ticker code PRS, reflecting its commitment to maintaining high standards of corporate governance and shareholder transparency.

Company Contact Information

For any queries or further information, individuals are encouraged to reach out to:

Reese McNeel, CFO
Phone: +47 415 08 186

Frequently Asked Questions

What is included in the 2024 annual report for Prosafe SE?

The annual report includes financial statements, a corporate governance report, and a sustainability report, summarizing the company's performance and strategic initiatives.

How did the sale of Safe Concordia impact Prosafe's financials?

The sale led to an increase in EBITDA and provided insights into changes in asset valuation, highlighting the company's agility in navigating market conditions.

Where can I find Prosafe's financial statements?

Prosafe's financial statements and reports are available on their investor relations website and third-party financial disclosure platforms.

What is the significance of the remuneration report?

The remuneration report offers insights into the pay structure for executives and aligns compensation with the company's performance, underscoring transparency.

How can I contact Prosafe SE?

For inquiries, please contact Reese McNeel, CFO, via the provided phone number for immediate assistance.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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