News & Reports
Multiple new contracts including USV services
Haugesund, 01 July 2025 – Reach Subsea ASA (“Reach”) announces increased order backlog after securing multiple new contracts and call-offs within the scope of our existing frame agreements in the North Sea and European regions. Estimated total value of these contracts is NOK 370 million, commencing in Q3 and Q4 2025. Included in the order […]
Reach Subsea ASA: Fixed income credit investor meetings
Haugesund, 30 June 2025: Reach Subsea ASA (the “Company”) has mandated Arctic Securities and DNB Carnegie as Joint Bookrunners to arrange a series of fixed income credit investor meetings commencing Monday, 30 June 2025. A senior unsecured bond issue of up to NOK 500 million and with a 3-year tenor may follow, subject to inter […]
Reach Subsea confirms delivery of Reach Remote 2
Haugesund, 12 June 2025 – Reach Subsea is delighted to announce the official delivery confirmation of the REACH REMOTE 2 USV. This milestone signifies the successful completion of REACH REMOTE 2, encompassing technical installations, testing, and documentation, all of which have been finalized and signed off. Following the successful pilot program earlier this year with […]
Reach Subsea ASA – Annual and Sustainability Report 2024
Haugesund, 19 April 2024 – Reach Subsea ASA has today published its Annual and Sustainability Report for 2023.
Reach Subsea ASA – 1Q 2025: Another record quarter
Haugesund, 08 May 2025: Reach Subsea ASA announces its first quarter 2025 results, demonstrating another record quarter. Revenue for the quarter stands at NOK 699 million (575 million) and the EBIT at NOK 68 million (29 million). Download report and presentation here:Reach Subsea ASA 1Q 2025 ReportReach Subsea ASA 1Q 2025 Presentation We achieved another […]
Invitation to presentation of the first quarter results 2025
Reach Subsea ASA will publish its financial results for the first quarter 2025 on Thursday 08 May 2025 at 07:00 CEST. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcastpresentation of the results in English on the same day at 9:30 CEST. Date: 08 May 2025Time: 09:30 CESTWebcast: The report […]
Annual and Sustainability Report 2024
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 […]
Reach Subsea ASA – Exercise of warrants by Primary Insider
5 March 2025: Wilhelmsen New Energy AS (“Wilhelmsen”) has today exercised itsremaining 44,707,373 warrants with a strike of NOK 3.28 per share (the“Exercise”) in Reach Subsea ASA (the “Company”). The exercise of warrants willprovide the Company with approximately NOK 147 million in new equity to financeits growth initiatives, and increases Wilhelmsen’s ownership to approximately30% of […]
Reach Subsea ASA: Increasing vessel capacity through ownership and charter agreement.
Haugesund, 20 February 2025: Reach Subsea, in partnership with Eidesvik Offshore and Agalas, has signed a contract for a new, modern IMR/Survey vessel. The vessel will be jointly owned, with Reach Subsea holding a one-third stake and an entity owned by Eidesvik and Agalas, controlled by Eidesvik, holding the remaining two-thirds. The vessel is scheduled […]
Reach Subsea ASA – Q4 2024: Another record year
Haugesund, 13 February 2025: Reach Subsea ASA announces its fourth quarter and preliminary full year results for 2024, demonstrating another record year. For the full year 2024 the company has reached a revenue of 2.7 billion NOK. Revenue for the quarter stands at NOK 685 million and the EBIT at NOK 80 million. The board […]
Invitation to presentation of the fourth quarter and preliminary full year results 2024
Haugesund, 06 February 2025 – Reach Subsea ASA will publish its financial results for the fourth quarter and preliminary full year 2024 on Thursday 13 February 2025 at 07:00 CET. The company’s CEO Jostein Alendal and CFO Birgitte Wendelbo Johansen will host a webcast presentation of the results in English on the same day at […]
Reach Subsea confirms delivery of Reach Remote 1
Haugesund, 16 January 2025: Reach Subsea is pleased to announce the official confirmation of the delivery of the REACH REMOTE 1 USV. The official delivery confirmation marks the successful completion of REACH REMOTE 1 including technical installations, testing and documentation, all of which have been finalized and signed off. The second vessel, REACH REMOTE 2 […]