Havila Shipping ASA: First quarter 2025 accounts

Summary Freight revenues were NOK 166.3 million in Q1 2025, an increase of NOK 49.6 million compared to the corresponding period last year and an increase of NOK 18.3 million compared to the previous quarter. The average rate of assignments and utilization is higher this quarter than the previous quarter. Operating expenses were NOK 91.0 million in Q1 2025, an increase compared to Q1 2024 of NOK 9.7 million and an increase compared to the previous quarter of NOK 3.3 million.The company...

Fosnavag, 15/05/2025 (informazione.news - comunicati stampa - economia)

Three banks extended the restructuring agreement by one year until 31.12.2025. The three banks claim that the refinancing and certain other matters represent a breach of the agreement. The company disputes the claim and believes that there is no breach of contract. The company wants clarification of the matter and has therefore sent a summons to Oslo District Court on 24 March 2025, where the banks in question have been sued alleging that there is no default.

Result for 1 quarter 2025

Balance and liquidity per 31/03/25

Fleet

Havila Shipping ASA operates today 14 vessels,
10 PSV
- Four owned externally
- One owned 50% and not consolidated
3 Subsea
- One owned externally
- One hired out on bareboat contract
1 RRV (bareboat)

Man-years

Havila Shipping ASA employed in Q1 2025 402 seamen on the company's vessels and vessels on management, in addition to 12 man-years in the administration.

Contacts:
Chief Executive Officer Njål Sævik, +47 909 35 722
Chief Financial Officer Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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