Prosafe SE Releases Detailed Annual Report for 2024
Prosafe SE has officially unveiled its Annual report, along with accompanying documents such as the Transparency Act Statement and the Remuneration report for the year 2024. This report is essential for understanding the company's financial health and strategic direction moving forward.
Highlights of the 2024 Financial Results
The Annual report includes comprehensive insights into the 2024 annual accounts, detailing corporate governance measures along with a sustainability report. Recently, on 31 January 2025, Prosafe disclosed the preliminary results for both the fourth quarter and the full year, providing a snapshot of their financial landscape.
As part of the final audited accounts, adjustments have been made to the EBITDA and net loss figures compared with the preliminary results shared earlier. One of the significant contributors to these adjustments was the sale of the Safe Concordia, which was completed in March 2025.
Notable Financial Adjustments
- EBITDA saw an increase of USD 3.4 million, rising from USD 23.8 million to USD 27.2 million, primarily attributed to the reversal of previous demobilisation accruals.
- An increase in impairment occurred, moving from nil to USD 8.4 million, linked to a realized sale price that was below the net book value after the reporting date.
- The net loss for the period escalated by USD 4.9 million, increasing the total from USD 41.8 million to USD 46.7 million.
Accessing the Detailed Reports
To enhance transparency, the financial reports are readily accessible. Interested parties can find the Annual report along with additional documents on the company's official site and various investor information platforms. The reports are also available in the European Single Electronic Format (ESEF), ensuring compliance with regulatory requirements.
As a leader in the accommodation vessel sector, Prosafe is indeed paving the way for future growth. Currently listed on the Oslo Stock Exchange under the ticker code PRS, the company continues to adapt to market needs while ensuring shareholder value remains a top priority.
Company Insights and Future Outlook
Prosafe is recognized as a pioneering owner and operator of semi-submersible accommodation vessels, offering essential services in the offshore industry. Their unwavering commitment to safety and sustainability positions them well for anticipated market growth.
The insights gained from their financial performance are crucial for both the company and its investors. By continuously improving operational efficiencies and focusing on strong governance practices, Prosafe is engaging with challenges effectively.
Contact Information
For those seeking more information regarding the Annual report or other inquiries, the Chief Financial Officer, Reese McNeel, can be reached at +47 415 08 186.
Frequently Asked Questions
What key financial figures were reported in the 2024 Annual report?
The 2024 Annual report revealed an increase in EBITDA to USD 27.2 million and a net loss of USD 46.7 million.
Where can I access Prosafe's Annual report?
The Annual report can be found on Prosafe's official website and various investor platforms.
What is the ticker code for Prosafe SE on the Oslo Stock Exchange?
Prosafe SE is listed under the ticker code PRS on the Oslo Stock Exchange.
Who can I contact for further inquiries about Prosafe SE?
For further inquiries, please contact Reese McNeel, the CFO, at +47 415 08 186.
What services does Prosafe provide in the offshore industry?
Prosafe specializes in owning and operating semi-submersible accommodation vessels, providing critical support and services in offshore operations.
