Limassol, May 15th 2024
S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reports a net loss after tax of
USD 6.8 million in the first quarter of 2025, compared to a net loss after tax
of USD 6.1 million in the first quarter of 2024.
As an investment entity, Standard ETC does not consolidate its subsidiaries. The
company reported a net loss after tax of USD 6.8 million in the first quarter of
2025, driven by a realized loss of USD 18.2 million in Dolphin Drilling.
Realized- and unrealized gains from the ETC portfolio totaled USD 12.1 million
in the quarter. The company had a cash position of USD 65.8 million at the end
of the quarter, excluding cash held by subsidiaries.
The company's stake in Standard Supply is evaluated at the quarter-end share
prices.
Attached is the Board of Directors' report.
ENDS
For further information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board Martin Nes at +47 92 01 48 14
About Standard-ETC | standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a
concentrated investment portfolio including a 53% ownership in Standard Supply
AS (Euronext Growth: STSU). S.D. Standard ETC is headquartered in Cyprus and
listed on the Oslo Stock Exchange under the ticker SDSD