EMGS Electromagnetic GeoServices AS

EMGS – Update on operational review

EMGS – Update on operational review

As noted in Electromagnetic Geoservices ASA's (the “Company” or “EMGS”) financial report for the second quarter of 2025, the Company is currently undergoing a review of its operational model including the need for a permanently rigged vessel. As a result of this review, the Company has resolved to not extend the charter agreement for the Atlantic Guardian. The vessel will consequently be redelivered to her owners at the expiry of the current charter period on 20 October 2025.

The operational review process is still ongoing. EMGS will seek to identify an operational model which will be sustainable, flexible and allow the Company to generate sufficient revenues.



EMGS will publish additional details as and when appropriate.



Contact

Anders Eimstad, Chief Financial Officer,

This information is published in accordance with the Norwegian Securities Trading Act § 5-12.



EN
01/10/2025

Underlying

EMGSElectromagnetic GeoServices AS

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Electromagnetic GeoServices AS

 PRESS RELEASE
Free
EMGS Electromagnetic...

EMGS – Vessel activity and multi-client sales update for the third qua...

EMGS – Vessel activity and multi-client sales update for the third quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.  At the end of the third quarter 2025 the Co...

October 7, 2025 1 EN
 PRESS RELEASE
Free
EMGS Electromagnetic...

EMGS – Update on operational review

EMGS – Update on operational review As noted in Electromagnetic Geoservices ASA's (the “Company” or “EMGS”) financial report for the second quarter of 2025, the Company is currently undergoing a review of its operational model including the need for a permanently rigged vessel. As a result of this review, the Company has resolved to not extend the charter agreement for the Atlantic Guardian. The vessel will consequently be redelivered to her owners at the expiry of the current charter period on 20 October 2025. The operational review process is still ongoing. EMGS will seek to identify an ...

October 1, 2025 1 EN
 PRESS RELEASE
Free
EMGS Electromagnetic...

EMGS reports second quarter 2025 results

EMGS reports second quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the second quarter of 2025 are attached. Summary: * The Company recorded revenues of USD 9.6 million, down from USD 13.8 million in the second quarter of 2024 and down from USD 10.0 million in the first quarter of 2025. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 2.1 million, down from USD 7.0 million in the second quarter of 2024.* Free cash decreased with USD 2.5 million during t...

August 12, 2025 1 EN
 PRESS RELEASE
Free
EMGS Electromagnetic...

EMGS – Vessel activity and multi-client sales update for the second qu...

EMGS – Vessel activity and multi-client sales update for the second quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.  At the end of the second quarter 2025 the ...

July 7, 2025 1 EN
 PRESS RELEASE
Free
EMGS Electromagnetic...

EMGS: Annual general meeting held

EMGS: Annual general meeting held The annual general meeting (the "AGM") of Electromagnetic Geoservices ASA ("EMGS" or the "Company") was held today, 19 June 2025 at 12:00 CEST. All items on the agenda were resolved in accordance with the board of directors' proposals and the Nomination Committee's recommendations. Following the election of new board members at the annual general meeting, the following persons constitute the Company’s board of directors: - Kenneth Ross (Chairman) - Stig Tore Vangen - Glenn Pettersen - Marianne Engelsen Hals - Sasha Siem The minutes of meeting from ...

June 19, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch