Ålesund, 26 March 2026
Golden Energy Offshore Services ASA ("GEOS" or the "Company") has announced its
results for the fourth quarter, which ended on 31 December 2025. The fourth
quarter of 2025 marked one of the most challenging periods the offshore supply
(PSV) market has experienced in more than a decade, with sharp reductions in
activity, an oversupplied fleet, and a rapid collapse in day rates. Fleet
utilization fell to 58% in Q4 - 2025 and average day rates declined to
historically low levels. In response, the Company took decisive action to secure
its long-term resilience, including a Private Placement of NOK 320 million and
the commitment to a near-term sale of minimum two vessels, subject to market
conditions and to right-size the fleet to current market conditions.
Key Highlights for the Fourth Quarter 2025