# HAVIQ226.pdf

- Press release: Havila Shipping ASA: Second quarter 2026 account (2026-08-19)
- Original: https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=680213&attachmentId=331475
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Havila Shipping ASA reported a significant decline in Q2 2026 profit before tax to NOK -12.3 million, down from NOK 8.7 million in Q2 2025, primarily due to lower freight revenues and increased depreciation, despite maintaining a high fleet utilization of 99.3%.

## Takeaways
- **Profit Before Tax:** Q2 2026 saw a loss of NOK -12.3 million, a sharp decrease from a profit of NOK 8.7 million in Q2 2025.
- **Freight Revenues:** Freight revenues decreased by 15.5% to NOK 139.9 million in Q2 2026, compared to NOK 165.5 million in Q2 2025.
- **Operating Income Before Depreciation (EBITDA):** EBITDA fell by 34.9% to NOK 59.4 million in Q2 2026 from NOK 91.3 million in Q2 2025.
- **Fleet Utilization:** The company maintained a high fleet utilization rate of 99.3% in Q2 2026.
- **Vessel Count:** Havila Shipping ASA operates a fleet of 12 vessels, including 8 PSVs, 3 Subsea vessels, and 1 RRV.
- **Cash Position:** Bank deposits stood at NOK 185.2 million as of June 30, 2026, exceeding the minimum required cash position of NOK 50.0 million.

*Generated 2026-09-25 via google/gemini-2.5-flash*