FilingReader Intelligence
Floatel reports 67% revenue jump, secures new contracts
August 4, 2025 at 07:18 AM UTC•By FilingReader AI
Floatel International reported Q2 2025 revenues of $70.0 million, up from $41.8 million last year, with recurring EBITDA at $34.2 million. Fleet utilization reached 100%, excluding Floatel Reliance.
The company secured a 35-day contract for Floatel Triumph offshore Australia starting Q4 2026, and a letter of intent for Floatel Victory in Brazil for 3-6 months from Q1 2026. Floatel completed the sale of Floatel Reliance on May 27, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
OSL:FLOAT•Oslo Stock Exchange
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