Ålesund, 27 February 2025
Golden Energy Offshore Services ASA ("GEOS" or the "Company") has announced its
results for the fourth quarter, which ended on 31 December 2024. The fourth
quarter of 2024 was marked by increased revenues for the Company due to both the
expansion of its fleet and solid chartering strategy with high vs marked day
rates and utilization. GEOS has a strong backlog of charter commitments,
maintaining values for offshore charter rates, and moderate leverage on the
Company's balance sheet, in combination with healthy refinancing environment the
Company has the financial capacity to issue a dividend or begin a share buyback
plan in the near future.
Key Highlights for the Fourth Quarter 2024