AMSC (AMSC) Q2 2025 earnings summary

Executive summary

• Distributed a special dividend of NOK 3.9255 per share and Solstad Maritime shares to shareholders in H1 2025.

• Initiated liquidation and delisting process, expected to complete in Q4 2025.

• Recognized NOK 197.5 million share of profit and NOK 218.2 million market value gain from Solstad Maritime investment.

• Received NOK 48.2 million in dividends from Solstad Maritime.

Financial highlights

• Net profit before tax for H1 2025 was NOK 393.2 million, up from NOK 287.1 million in H1 2024.

• Net profit for H1 2025 was NOK 398.5 million, down from NOK 664.4 million in H1 2024 (which included discontinued operations).

• Net financial income rose to NOK 225.0 million in H1 2025 from NOK 14.3 million in H1 2024, mainly due to a NOK 218.2 million market value gain.

• Basic and diluted EPS from total operations was NOK 5.55 in H1 2025 versus NOK 9.25 in H1 2024.

Outlook and guidance

• Liquidation and delisting from Oslo Stock Exchange expected to be completed in Q4 2025.

• Remaining cash to be distributed to shareholders upon liquidation.