DOF Group ASA

DOFG

Equity

ISIN NO0012851874 / Valor 126006425

Oslo Stock Exchange (2025-11-19)

NOK 94.50-4.64%

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

Revenue and EBITDA Growth

The Group's revenue surged to USD 428 million, up from USD 330 million in the previous year. EBITDA also saw a substantial increase, reaching USD 158 million compared to USD 114 million.

Debt Refinancing Successfully Closed

DOF Group ASA successfully completed its refinancing process in Q1 2025, enhancing its financial stability and reducing leverage with a NIBD/LTM EBITDA ratio of 2.4x.

Initiation of Quarterly Dividends

The company has initiated quarterly dividends, with the first payment of USD 0.3 per share scheduled for June 2025, demonstrating its commitment to returning value to shareholders.

Strong Backlog and Utilisation

The firm backlog increased to USD 3.10 billion by the end of March, up from USD 1.94 billion. Fleet utilization stood at 83%, indicating efficient operational management despite integration challenges.

Summarized from source with an LLMView Source

Key figures

5.06%1Y

%3Y

%5Y

Performance

29.5%1Y

32.7%3Y

32.7%5Y

Volatility