DOF Group outlines strategic vision, strong financial performance

DOF Group ASA, a leading provider of offshore and subsea services, recently hosted its Capital Markets Day to present its strategic vision and financial performance. The company emphasized its position as a "one-stop shop" for offshore project development and execution, leveraging a highly capable fleet alongside experienced project management and engineering teams. With a global presence across six continents and a fleet of 77 vessels, DOF Group has built a strong backlog exceeding $5bn, including recently won and sanctioned contracts, positioning it for continued value creation.

Key executives, including chief executive Mons Aase and chief financial officer Martin Lundberg, detailed the company's financial strength, highlighting a clear path to increased earnings in 2026 and a target leverage of 1.8x NIBD / 2025G EBITDA. The presentation outlined a strong financial foundation with continued deleveraging and potential for increased shareholder distributions. The group achieved approximately $1.1bn in order intake in Q2 2025, with an additional $0.8bn secured post-balance date, and Petrobras sanctioning bids worth $0.7bn.

The Capital Markets Day also highlighted regional deep dives, including significant contract awards in Brazil, where 11 four-year Petrobras contracts totaling over $1.4bn have been announced, and the expansion of operations in North America with new long-term contracts in Canada and Guyana.