DOF Group ASA

DOFG

Equity

ISIN NO0012851874 / Valor 126006425

Oslo Stock Exchange (2026-05-05)

NOK 136.90+0.74%

DOF Group ASA
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About company

DOF Group ASA is a Norwegian-based company specializing in the provision of offshore services to the oil and gas industry. The company operates through its subsidiaries, including DOF Subsea AS, Norskan Offshore Ltda, DOF Rederi AS, and DOF Management AS. DOF Group ASA offers a range of services such as subsea engineering, construction, inspection, maintenance, and repair, as well as vessel management and marine operations. The company’s fleet includes a variety of advanced offshore vessels designed to support complex subsea operations. With a global presence, DOF Group ASA serves clients in various regions, providing critical support for offshore exploration and production activities.

Summarized from source with an LLMView SourceSector: Consumer Services

Quarter financial snapshot

Revenue USD 577m (USD 445m). EBITDA USD 220m (USD 152m). EBIT USD 174m (USD 190m), which includes a reversal of impairment of USD 9m (USD 98m).

Net finance and profit

Net financial cost USD -47m (USD -111m), including an unrealised currency gain of USD 23m (loss USD -67m). Result after taxes USD 148m (USD 96m).

Cash flow and leverage

Very strong operating cash flow of USD 249m (USD 196m). Group net interest-bearing debt USD 1,321m (USD 1,378m); NIBD/LTM EBITDA 1.7x.

Balance sheet strength

Equity USD 2,044m (USD 1,772m) giving an equity ratio of 46% (43%).

Operational metrics

Utilisation 87% (85%). Q4 included a gain on sale of one vessel of USD 4m.

Dividends

Dividend declared for the quarter: USD 0.35 per share.

Backlog and commercial momentum

Firm backlog at end-December USD 5.1bn (USD 3.25bn). Q4 added USD 950m; nearly USD 4bn added during the year, supporting strong coverage for 2026 and beyond.

Business segment and annual context

Full-year operational EBITDA USD 781m (upper quartile of guidance). DOF Denmark delivered full-year EBITDA USD 181m (including USD 15m gain on sale). Subsea regions contributed USD 48m EBITDA in Q4.

Outlook

Management initiated 2026 EBITDA guidance at USD 830–880m, citing robust backlog, rate uplifts on several vessels and continued subsea tendering activity.

Summarized from source with an LLMView Source

Key figures

69.7%1Y

%3Y

%5Y

Performance

27.5%1Y

31.7%3Y

31.7%5Y

Volatility