• Sea1 Offshore posted 2Q 2026 net profit of USD 22.7 million, down 65.01% year over year; EPS fell to USD 0.15.
• Revenue rose to USD 80.1 million; EBITDA climbed to USD 41.5 million, while the EBITDA margin narrowed 3 percentage points to 52%.
• Operating profit dropped to USD 27.8 million, reflecting a 2Q 2025 gain on the sale of Sea1 Spearfish.
• Net interest-bearing debt increased to USD 259.6 million, while cash and cash equivalents declined to USD 39 million.
• Firm contract backlog totaled USD 625 million; fleet utilization eased to 83% from 92% a year earlier.

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. Sea1 Offshore Inc. published the original content used to generate this news brief on August 14, 2026, and is solely responsible for the information contained therein.