Jacktel (JACK) Q4 2025 earnings summary

Executive summary

• Achieved 100% operational and financial utilization in Q4 2025, maintaining full uptime and safety performance with no lost time injuries reported.

• Revenue reached $16.5m, EBITDA $9.5m, and net profit $21.2m for the quarter, supported by a reversal of previous impairments.

• Declared a quarterly distribution of $0.02 per share, classified as repayment of paid-in capital, and initiated process for Euronext Growth listing targeted for March 2026.

• Secured a 40-day contract extension with Equinor for Draupner, valued at $6.8m, ensuring near-full contract coverage for 2026.

Financial highlights

• Operating income for Q4 2025 was $16.5m, with $15.6m from charter hire and $0.9m from reimbursable and other income.

• Operating expenses totaled $7.0m, including $4.5m vessel OPEX and $2.1m SG&A.

• EBITDA for the quarter was $9.5m; net profit was $21.2m, aided by a $20.6m impairment reversal.

• Cash flow from operations was $11.2m, with a net increase in cash of $3.2m, ending the year with $15.3m in cash.

• Dividend payment of $12.6m made in December; $70m bond loan refinanced previous debt in October.

Outlook and guidance

• Expected to generate over $20m in cash available for shareholder distributions in 2026.

• Board aims to distribute excess cash quarterly, considering cash position, forecast, backlog, and operational risks.

• Optimistic about securing new contracts post-2028, with a tightening market and opportunities in both oil & gas and offshore wind sectors.