Sea1 Offshore reports 55% EBITDA margin, board changes

Sea1 Offshore Inc. reported Q2 2025 EBITDA margin of 55%, with revenues of $71.3 million and net profit of $64.9 million. The company gained $41.4 million from selling its OSCV Sea1 Spearfish vessel.

Fleet utilization reached 92% with contract backlog of $756 million. Otto Moltke-Hansen and Rune Magnus Lundetrae joined the board as new directors, replacing Fredrik Platou who resigned.