Lars Solstad
CEO & MD

Good morning, everyone, and thank you for joining the Solstad Offshore's First Quarter 2026 Presentation. This presentation will be held by Kjetil Ramstad, CFO; and myself, CEO, Lars Peder Solstad. We will take you through the financial and operational performance for the quarter and also share some thoughts about the market outlook. And if you have any questions, please send them in the chat, and we will answer them in the Q&A session after this presentation. A quick look at the disclaimer before we move on to the highlights of the quarter. We delivered a solid financial performance in the quarter supported by strong contributions from our joint ventures and associated companies, Solstad Maritime, Omega Subsea and NISA.

Operational adjusted EBITDA was lower than the same quarter last year, primarily due to 2 vessels being between contracts. And during the quarter, we secured a 225-day contract for the Normand Tonjer. This includes the mobilization time to the Asia Pacific region. And in total, we had an order intake of $28 million in the quarter. This morning, we announced a very important contract for the company where we have signed an LOI for the Normand Maximus for a 2-year contract, and this will add significant backlog to the company for the coming years.

Solstad Offshore will receive about $11 million in dividend from Solstad Maritime for the quarter. And based on the quarter's performance and the company's cash position, the Board intends to distribute a dividend of $0.1 per share for the quarter to the shareholders. So then Kjetil, can you take us through some of the key numbers for the quarter?