Reach Subsea Q2 FY26 EBIT more than doubled to NOK 192.4 million; revenue rises 44.4% to NOK 988.1 million

Reuters2026/08/18 05:09

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Reach Subsea posted Q2 revenue of NOK 988.1 million, up 44.41% year over year.
EBIT more than doubled to NOK 192.4 million, supported by higher project activity and solid execution.
First-half revenue rose 11.33% to NOK 1.54 billion, while EBIT swung to NOK 0.3 million from NOK 159.3 million.
Backlog climbed to NOK 1.85 billion, supported by new awards including a firm 2+1-year IMR and light construction contract.
Signed a post-quarter deal to sell Viking Reach and its WROV, expected to free more than NOK 200 million in liquidity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reach Subsea ASA published the original content used to generate this news brief on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Reach Subsea Q2 FY26 EBIT more than doubled to NOK 192.4 million; revenue rises 44.4% to NOK 988.1 million

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