Jostein Alendal
CEO & MD
Good morning, and welcome to our Fourth Quarter 2025 Webcast for Attain Subsea ASA. Our report and presentation had been launched this morning. And I am Jostein Alendal, CEO; and I am right here with our CFO, Arne Joa.
Let me begin by being direct. Our monetary outcomes this quarter are under our targets, and Arne will provide you with extra particulars and canopy our financials in a bit. On the intense facet, although, we’ve got made vital progress within the introduction and deployment of latest know-how. Most notably, the Attain Distant program has taken one other main step ahead, transferring properly past preliminary subject trials and is now proving its capabilities in actual business use.
We’re the primary on the earth to run totally unmanned vessels of this measurement, working now dwell in each Norway and Australia. This development confirms that our unmanned vessel idea is now not simply validated. It’s operational, scalable and prepared for a broader implementation. I’ll return to what this implies for our technique and development potential shortly. Please submit questions by way of the webcast participant, and we’ll tackle them within the Q&A session after the presentation.
Our fourth quarter outcomes are under goal and never passable. Decrease vessel utilization instantly influenced by delayed shopper determination has been a key driver additionally this quarter. Trying on the full yr of ’25 and with a weaker second half of that yr, our revenues had been on the identical degree as ’24, however with lower than half the EBIT. That is highlighting the necessity for us to be taught and enhance planning execution and our potential to safe work.
