AMSC (AMSC) Q4 2024 earnings summary

Executive summary

• Announced special dividend of NOK 3.9255 per share, classified as return of paid-in capital.

• Intends to distribute Solstad Maritime shares to shareholders and subsequently liquidate and delist AMSC.

• Net profit for Q4 2024 was NOK 329.0 million; expects NOK 45.7 million in dividends from Solstad Maritime in Q1 2025.

• AMSC has returned over NOK 67 per share in cash dividends in recent years, in addition to Solstad Maritime shares.

Financial highlights

• Q4 2024 net profit: NOK 329.0 million, compared to a loss of NOK 58.6 million in Q4 2023.

• Year-to-date 2024 net profit: NOK 1,147.2 million, down from NOK 1,535.0 million in 2023 (due to discontinued operations gain in 2023).

• Q4 2024 EBITDA: negative NOK 6.0 million; EBIT: negative NOK 6.0 million.

• Share of profit from Solstad Maritime in Q4 2024: NOK 311.9 million.

• No leasing revenues in 2024 due to discontinued operations classification.

Outlook and guidance

• No market outlook provided due to imminent liquidation.