Haugesund, 30 April 2025 – Reach Subsea ASA has today published its Annual and Sustainability Report for 2024.
The annual accounts and reports were approved by the Board of Directors on 8 April 2025. These figures are identical to the preliminary 2024 accounts published as part of the Reach Subsea ASA fourth quarter 2024 report on 12 February 2025.
In 2024, Reach Subsea delivered record-high revenues of NOK 2.7 billion and maintained strong EBIT margins. All HSEQ goals were met with no serious incidents, and 70% of ESG targets were achieved. Operationally, we increased capacity, secured long-term fleet agreements, and stayed on track for the 2025 launch of Reach Remote USVs.
Continuing our long-term focus on delivering high-quality, sustainable services in the ocean space, we achieved record results in 2024—more than doubling our revenues over the past two years while maintaining strong and consistent margins.
Jostein Alendal, CEO of Reach Subsea
The Board proposes a dividend of NOK 0.42 (0.36) per share, in line with the company’s dividend policy, to be resolved at the AGM on 28 May 2025. The Notice of the Company’s Annual General Meeting will be distributed to shareholders in a separate announcement.
The Reach Subsea ASA Annual and Sustainability Report 2024, along with the company’s annual financial statements in European Single Electronic Format (ESEF), can be downloaded here:
Annual and Sustainability Report 2024 – PDF
Annual and Sustainability Report 2024 – ESEF