Blog

30.10.2025

Solstad Maritime ASA: Presentation of Third-Quarter 2025 Results

CEO Lars Peder Solstad stated:

“The market has shown less activity in third quarter than earlier expected. At the same time, we maintain a positive outlook for 2026, supported by steady tendering activity and a solid order backlog.”

• Adjusted EBITDA of USD 69 million in the quarter compared to USD 91 million in the same quarter last year. USD 229 million year to date compared to USD 220 million last year.
• Several contract extensions and new contracts entered into, contributing to a total order intake of USD 180 million in the quarter equaling a book-to-bill ratio of 1.2x
• Continued shareholder friendly approach with a cash dividend for Q3 2025 of USD 0.032/share, totaling USD ~15 million

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Maritime ASA

www.solstad-maritime.com

This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

SOMA Q3 2025 Presentation

BBVA shares acquired will be used to reduce share capital through their cancellation. The buyback program will end no later than February 18, 2025², or earlier if the maximum monetary amount or the maximum number of shares is reached.

Citigroup Global Markets Europe AG will be responsible for executing the buyback on the Spanish continuous market and on European trading platforms.

BBVA accelerates shareholder distributions

In addition to the share buyback starting today, on November 7, BBVA shareholders will receive the bank’s highest interim dividend in history (€0.32 gross per share), for a total amount of approximately €1.8 billion.

Furthermore, given the significant excess capital over the 12 percent CET1 ratio, BBVA’s Board of Directors recently agreed to launch another significant share buyback¹, as soon as it receives authorization from the European Central Bank (ECB).

BBVA’s share buyback track record

This is the third time BBVA has opted to repurchase shares as part of its ordinary shareholder remuneration. The bank repurchased shares worth €422 million against 2022 earnings, and €781 million against 2023 earnings.

In addition, BBVA has carried out two other share buybacks considered extraordinary shareholder remuneration. The first, between 2021 and 2022, amounted to €3.16 billion—one of the largest in Europe at the time—and the second, in 2023, totaled €1 billion.

Overall, BBVA will have executed share buybacks worth more than €6.3 billion since 2021 including the upcoming program set to begin today.

¹Pending approval from the governing bodies and subject to mandatory regulatory approvals.

² The share buy back programme will not be executed on December 24 and 31, 2025.