# EIOF Q2 2026 presentation

- Press release: EIOF - Report for Q2 2026 (2026-08-21)
- Original: https://storage.mfn.se/c/aHR0cHM6Ly9hcGkzLm9zbG8ub3Nsb2JvcnMubm8vdjEvbmV3c3JlYWRlci9hdHRhY2htZW50P21lc3NhZ2VJZD02ODA0MzEmYXR0YWNobWVudElkPTMzMTY2Mg/eiof-q2-2026-presentation.pdf?news-id=d16a072e-19eb-5635-bede-dc05d944670e
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Eidesvik Offshore reported a 3% increase in Q2 2026 freight revenue to MNOK 204, driven by improved day rates for supply vessels, while maintaining a strong 95% fleet utilization and securing new long-term contracts.

## Takeaways
- Freight revenue increased 3% to MNOK 204 in Q2 2026, up from MNOK 198 in Q2 2025.
- Adjusted EBITDA for Q2 2026 was MNOK 71, with an adjusted EBITDA margin of 35%.
- Fleet utilization stood at 95% in Q2 2026, with Subsea/Offshore Renewables achieving 100% utilization.
- Total backlog, including share of JVs, reached MNOK 2,868, with 38% attributed to renewable projects.
- The company secured a new 4-year frame agreement with Aker BP for PSVs, including a 3-year firm contract for the PSV Viking Prince.
- Net interest-bearing debt (NIBD) was MNOK 920, resulting in an NIBD/Adjusted EBITDA ratio of 3.1x.

*Generated 2026-09-16 via google/gemini-2.5-flash*