DOF Group ASA – Financial Report for 3rd quarter 2025

Nov. 6 – DOF Group ASA’s Q3 2025 earnings press release highlights strong performance with revenue of USD 501 million and EBITDA of USD 205 million. The company reported a net profit of USD 107 million and a significant increase in its firm backlog to USD 4.7 billion. Key factors include a gain from the sale of vessels and strong contract performance, particularly in Brazil. 

Q3 2025 financial highlights

• Revenue: USD 501 million
• EBITDA: USD 205 million (including a USD 12 million gain from vessel sales)
• Operating profit (EBIT): USD 138 million
• Net income: USD 107 million
• Basic/Diluted EPS (continuing operations): USD 0.43
• Net interest-bearing debt: USD 1,332 million
• Equity ratio: 46%
• Firm backlog: USD 4.7 billion 

Other key takeaways

• Dividend: Increased quarterly dividend payment to USD 0.35 per share in November 2025.
• Utilization: 87%.
• Debt to EBITDA: NIBD/LTM EBITDA ratio is 1.9x.
• Outlook: The company expects continued strong performance, with high tendering activity and a substantial backlog providing earnings visibility into 2026. 

This information comes from the DOF Group’s official Q3 2025 financial report released on November 5, 2025.