Prosafe SE Extends Contract with Safe Caledonia, Releases Q3 2025 Results and Shares

Prosafe SE, the Oslo‑listed operator of semi‑submersible accommodation vessels, announced on 13 November 2025 that the Safe Caledonia contract has been further extended at Captain. The extension, reported by finanznachrichten.de, confirms the company’s continued dominance in providing offshore accommodation, engineering, construction and storage solutions for the global energy sector. The agreement is expected to deliver additional revenue streams for the coming fiscal year, reinforcing Prosafe’s position as a key supplier for major energy projects.

Shareholding Disclosure

In a disclosure filed with the German financial news agency globenewswire.com on 13 November, Prosafe SE reported that no material changes have occurred in its shareholding structure during the reporting period. The company’s ownership remains largely concentrated among its institutional investors and senior management, ensuring stable governance and a clear strategic direction.

Third‑Quarter Results 2025

On 13 November, Prosafe SE presented its third‑quarter results for the period ending 30 September 2025. Key highlights include:

  • Earnings per Share (EPS): Analysts now project an EPS of ‑0.025 USD for Q3, a modest improvement over the ‑7.070 NOK loss reported in the same quarter of the previous year.
  • Revenue: The company’s revenue is expected to reach 41.5 million USD (≈ 370 million NOK), compared with 370.4 million NOK in the same quarter last year, indicating a slight dip in top‑line growth.
  • Profitability: Prosafe remains in the red, but the loss margin has narrowed, reflecting operational efficiencies and tighter cost control.

Prosafe’s market cap stands at 1.16 billion NOK, and its share price closed at 3.25 NOK on 11 November, well below its 52‑week low of 2.91 NOK. The negative price‑earnings ratio of ‑0.09 reflects the company’s current loss‑bearing status, yet the trajectory suggests a potential turnaround as new contracts mature.

Outlook for the Fiscal Year

A separate outlook released by finanzen.net on 12 November outlines analyst expectations for the remainder of the fiscal year:

  • Annual EPS: Analysts forecast an average loss of ‑0.167 USD per share for FY 2025, a slight improvement versus the ‑28.070 NOK loss reported in the corresponding period last year.
  • Revenue Forecast: Expected revenue for the full year is 147.9 million USD (≈ 1.50 billion NOK), down from 1.50 billion NOK recorded in the prior fiscal year, suggesting modest contraction in volume but potential gains in margin.

These figures underscore Prosafe’s commitment to restructuring its cost base while leveraging its niche fleet to capture emerging offshore demand. The company’s semi‑submersible vessels remain highly sought after for complex construction and storage projects, particularly in the North Sea and West Africa.

Forward‑Looking Perspective

With the Safe Caledonia extension and a clearer view of Q3 performance, Prosafe SE is positioned to capitalize on a recovery in the offshore energy market. The company’s asset base—semi‑submersible accommodation vessels—offers flexibility across various project types, giving it resilience against cyclical downturns. Management’s focus on cost discipline, coupled with strategic contract renewals, bodes well for a return to profitability as the energy sector shifts toward higher‑value, low‑carbon projects.

Investors monitoring Prosafe should watch for:

  1. Revenue growth from new and extended contracts, particularly in the renewable energy subsector.
  2. Margin improvement driven by operational efficiencies and the potential sale of older vessels.
  3. Capital allocation decisions, including the possibility of share buybacks or dividend reinstatement once cash flows normalize.

In summary, Prosafe SE’s recent contractual extension and quarterly results provide a cautiously optimistic outlook. While the company remains in the red, the narrowing loss margins and steady contract pipeline signal a strategic path toward sustainable profitability in the evolving offshore landscape.