# DOF_Group_ASA_Presentation_Q2_2026.pdf

- Press release: DOF Group ASA - Financial Report for 2nd quarter 2026 (2026-08-19)
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- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** DOF Group reported a strong Q2 2026 with an 11% EBITDA increase to $238 million, a robust backlog of $7.2 billion, and a healthy leverage ratio of 1.8x NIBD/LTM EBITDA, while strategically high-grading its fleet through vessel sales and newbuild acquisitions.

## Takeaways
- **EBITDA:** Q2 2026 EBITDA increased by 11% year-over-year to $238 million (excluding Skandi Amazonas impact and vessel sales gain).
- **Backlog:** The company boasts a substantial backlog of $7.2 billion as of Q2 2026, with $6.7 billion firm.
- **Leverage:** Net Interest-Bearing Debt (NIBD) to LTM EBITDA stands at 1.8x, within the target range of 1.5x-2.0x.
- **Fleet High-grading:** DOF Group sold four PSVs, generating approximately $50 million in net cash, and acquired two CSV newbuilds for delivery in Q4 2027 and Q1 2028.
- **Dividend:** A quarterly dividend of $0.38 per share was declared, payable on September 4, 2026.
- **Guidance:** Full-year 2026 EBITDA guidance is maintained at $840-$860 million, with 92% of the mid-point revenue guidance covered by the backlog.

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