D

Dof Group ASA
OSE:DOFG

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Dof Group ASA
OSE:DOFG
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Price: 133.8 NOK -5.04% Market Closed
Market Cap: kr33B

Dof Group ASA
Investor Relations

Nestled in the heart of Norway's robust maritime industry, DOF Group ASA has emerged as a key player in the global offshore services sector. Originally founded in 1981, the company has woven itself into the intricate tapestry of marine operations, particularly through its sophisticated fleet of vessels designed for the demanding world of offshore drilling and exploration. At the core of DOF’s operations is its commitment to delivering complex and tailored solutions for construction, engineering, and maintenance in some of the most challenging offshore environments. Whether it's subsea installations or dynamic positioning operations, DOF leverages a vast array of high-tech vessels powered by cutting-edge technology, ensuring seamless execution of its projects.

The company’s revenue streams flow from a variety of services, each strategically aligned with its core expertise. DOF Group derives a significant portion of its earnings from long-term contracts in the oil and gas industry, where its fleet supports exploration and production activities by ensuring efficient transportation and installation of critical subsea infrastructure. Furthermore, their clients often rely on DOF for the year-round support that includes supply services to offshore platforms and subsea inspection, maintenance, and repair (IMR) services. This diversified approach not only stabilizes revenue through varying cycles in the energy sector but also positions DOF Group ASA as a critical partner for achieving operational efficiency and safety in offshore projects worldwide.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 19, 2026
AI Summary
Q4 2025

Record Year: DOF delivered its best financial year ever, with revenue and EBITDA both exceeding previous guidance and reaching record highs.

Strong Q4: Q4 2025 was the company’s strongest quarter to date, with robust contributions from both vessel and subsea project segments.

Backlog Growth: Backlog hit a record $5.2 billion, providing strong visibility into 2026 and beyond, with a significant portion of 2026 revenue already secured.

Guidance Raised: 2026 revenue is guided at a midpoint of $2.2 billion and EBITDA between $830 million and $880 million, above prior levels.

Dividend Maintained: The company announced a $0.35 dividend per share for the quarter, in line with previous quarters.

Anchor Handling Market: Management highlighted a particularly strong global market for anchor handling vessels, with attractive rates and ongoing upside potential.

Leverage Stable: Net interest-bearing debt to EBITDA remains within the company’s target range of 1.5 to 2.0.

Positive Outlook: Management remains bullish for the coming years, driven by strong project execution, client satisfaction, and a robust global offshore market.

Key Financials
Revenue
$2 billion
Operational EBITDA
$781 million
Q4 EBITDA
$220 million
Order Backlog
$5.2 billion
Subsea/Projects EBITDA
$146 million
Denmark Fleet EBITDA
$181 million (2025, including $15 million gain on sales)
Net Interest-Bearing Debt to EBITDA
1.7
Dividend per Share
$0.35
Total Dividends Paid (last 4 quarters)
$320 million
Book-to-bill (Q4)
close to 2
Fleet Utilization (Q4)
87%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Mons Svendal Aase
Chief Executive Officer
No Bio Available
Ms. Hilde Dronen
Chief Financial Officer
No Bio Available
Mr. Petter Ove Pharo
Group General Counsel
No Bio Available
Ms. Toril Træen
Executive Vice President of People & Organisation
No Bio Available
Ms. Marianne Mogster
Executive Vice President of Marine & Asset Operations
No Bio Available
Mr. Jan-Kristian Haukeland
Executive Vice President of Renewables
No Bio Available
Mr. Martin Lundberg
Senior VP of Finance & Head of Investor Relations
No Bio Available
Mr. Michael Rosich
Executive Vice President of Asia Pacific
No Bio Available
Mr. Marco Sclocchi
Executive Vice President of North America
No Bio Available
Mr. Mario Fuzetti
Executive Vice President of Brasil
No Bio Available

Contacts

Address
HORDALAND
Storebo
Alfabygget 1
Contacts
+4756181000
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