BW Offshore Q2 FY26 net loss widens to USD 102.1 million; EBITDA totals USD 62.5 million

Reuters2026/08/24 05:30

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BW Offshore posted Q2 EBITDA of USD 62.5 million; net loss widened to USD 102.1 million on a USD 125 million non-cash impairment.
First-half EBITDA totaled USD 110.4 million; net loss was USD 78.7 million, while underlying net profit was USD 46.6 million excluding impairment.
Operating cash flow was USD 41.5 million in Q2; available liquidity stood at USD 511 million with a 28.3% equity ratio.
BW Opal produced at 85% of nameplate capacity; Practical Completion shifted to Q2 2027, triggering about USD 65 million incremental investment.
Extended BW Catcher contract to end-2030, adding about USD 490 million to firm backlog; 30 June backlog was USD 2.2 billion.
Full-year 2026 EBITDA guidance cut to USD 250-280 million; Q2 dividend declared at USD 0.063 per share, about USD 11 million.

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. BW Offshore Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608240130OMX_____CNEWS_EN_GNW1001258895_en) on August 24, 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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BW Offshore Q2 FY26 net loss widens to USD 102.1 million; EBITDA totals USD 62.5 million

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