# VTURA Holding 2Q2026 Interim Report

- Press release: Ventura Offshore Holding Ltd.: Second Quarter 2026 Results (2026-08-28)
- Original: https://storage.mfn.se/9bbe1a7f-c21f-401b-b0fe-49ba84ede308/vtura-holding-2q2026-interim-report.pdf
- Local copy: `data/documents/VTURA.OL/attachments/2026-08-28_vtura-holding-2q2026-interim-report.pdf`

**TL;DR —** Ventura Offshore Holding Ltd. reported a 2Q26 net income of $20.355 million, a decrease from $24.025 million in 2Q25, primarily due to lower contract drilling services revenue and higher operating expenses, despite securing contract extensions for its key vessels.

## Takeaways
- **Net Income Decline:** Net income for 2Q26 was $20.355 million, down 15.3% from $24.025 million in 2Q25.
- **Revenue Dip:** Total revenues decreased by 4.3% to $87.525 million in 2Q26 from $91.504 million in 2Q25.
- **Operating Income Pressure:** Operating income fell by 16.8% to $26.948 million in 2Q26 from $32.365 million in 2Q25.
- **Debt Restructuring:** The company raised an additional $75 million via a tap issue on its bond loan, increasing the outstanding balance to $190 million, and deferred remaining installments until the April 2027 maturity.
- **Contract Extensions:** DS Carolina received a 4-month contract extension and a new 911-day contract starting January 2027, while SSV Victoria secured a 1,455-day extension also commencing January 2027, with estimated expenditures of up to $130 million for preparations.
- **Fleet Status:** Ventura Offshore operates three owned vessels (DS Carolina, SSV Victoria, SSV Catarina) and manages one (Atlantic Zonda), with all owned vessels having secured long-term contracts or extensions.

*Generated 2026-09-08 via google/gemini-2.5-flash*