Prosafe SE reported a decrease in EBITDA for the second quarter of 2025, with USD 3.1 million compared to USD 6.6 million the previous year. The first half of 2025 also showed a decline to USD 7.7 million from USD 13.8 million. Operations were strong, with good performance on all vessels and a 66% utilization rate. The company has a backlog of USD 518 million, a significant increase from the previous year. A recapitalization was completed in July, providing a sustainable capital structure. The CEO expects improved earnings in the future with a growing backlog and higher utilization.

Read more at GlobeNewswire: Second-quarter results and first half report