BW Offshore reported strong financial results for Q2 and the first half of 2025, with EBITDA of USD 57 million in Q2 and USD 148 million for the half-year. Net profit was USD 25 million in Q2 and USD 87 million for the half-year, with an operating cash flow of USD 103 million in Q2 and USD 160 million for the half-year. The equity ratio was 30.7% with USD 531 million in available liquidity. The company also raised its EBITDA guidance for 2025 to USD 240-260 million.

The FPSO BW Opal completed commissioning and hooked up at the Barossa gas field in June, with final offshore commissioning activities underway. Despite completing the FEED for the FPSO to Repsol’s Block 29, no contract was awarded, resulting in the client paying BW Offshore for FEED efforts.

CEO Marco Beenen highlighted the company’s strong performance in Q2, emphasizing the upcoming start of gas production from the Barossa field by the BW Opal. He also mentioned the company’s strategic position in the energy transition, reaffirming its focus on the FPSO value chain and floating transition solutions.

BW Offshore declared a quarterly cash dividend of USD 0.063 per share, with shares trading ex-dividend from September 2, 2025. The company also announced a change in presenting expected operational cash flow to better reflect the future cash generation potential of the contract backlog, which stood at USD 2.2 billion at the end of June.

For more information, including the full Q2 presentation and earnings tables, visit the BW Offshore Investor Relations page. The company will also host a webcast with an extended Q2 2025 results presentation, including a strategy update, led by CEO Marco Beenen, CFO Ståle Andreassen, and CSO Anders S. Platou.

Read more at GlobeNewswire: Second quarter and first half results 2025