# EIOF Q2 2026

- Press release: EIOF - Report for Q2 2026 (2026-08-21)
- Original: https://storage.mfn.se/c/aHR0cHM6Ly9hcGkzLm9zbG8ub3Nsb2JvcnMubm8vdjEvbmV3c3JlYWRlci9hdHRhY2htZW50P21lc3NhZ2VJZD02ODA0MzEmYXR0YWNobWVudElkPTMzMTY2Mw/eiof-q2-2026.pdf?news-id=d16a072e-19eb-5635-bede-dc05d944670e
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Eidesvik Offshore reported a 35% EBITDA margin on NOK 204.5 million revenue in Q2 2026, driven by strong subsea/renewables utilization and improved PSV rates, despite increased operating costs and one LTI.

## Takeaways
- **Revenue:** NOK 204.5 million in Q2 2026, up NOK 6 million from Q2 2025.
- **EBITDA Margin:** 35% in Q2 2026, down 3.5 percentage points from Q2 2025.
- **Vessel Utilization:** 92% for PSVs and 100% for subsea/renewables, with overall fleet utilization at 95%.
- **Operating Expenses:** Increased by 7.9% for personnel and 12.0% for other operating expenses quarter-on-quarter due to higher travel costs, UK visa regulations, and unplanned repairs.
- **Strategic Agreements:** Secured a 4-year frame agreement with AkerBP, including a 3-year firm contract for Viking Prince, and Equinor extended Viking Avant's contract through year-end 2026.
- **Asset Sale:** Subsequent to the quarter, agreed to sell IMR vessel Viking Reach for an expected gain of approximately NOK 80 million, aligning with fleet renewal strategy.

*Generated 2026-09-16 via google/gemini-2.5-flash*