{"id":6313,"date":"2026-05-29T02:00:00","date_gmt":"2026-05-29T05:00:00","guid":{"rendered":"https:\/\/ventura-offshore.com\/mfn_news\/ventura-offshore-holding-ltd-first-quarter-2026-results\/"},"modified":"2026-05-29T02:00:00","modified_gmt":"2026-05-29T05:00:00","slug":"ventura-offshore-holding-ltd-first-quarter-2026-results","status":"publish","type":"mfn_news","link":"https:\/\/ventura-offshore.com\/en\/mfn_news\/ventura-offshore-holding-ltd-first-quarter-2026-results\/","title":{"rendered":"Ventura Offshore Holding Ltd.: First Quarter 2026 Results"},"content":{"rendered":"<div class=\"mfn-preamble\">\n<p class=\"mfn-wp-retain\"><strong>May 29, 2026 &#8211; Ventura Offshore Holding Ltd. (the &ldquo;Company&rdquo;) announces results for the first quarter of 2026. The results highlights will be discussed in an audio conference call on Friday, May 29, 2026 at 14:00 CEST. Dial-in details for the conference call can be found below.<\/strong><\/p>\n<\/div>\n<div class=\"mfn-body\">\n<p class=\"mfn-wp-retain\">Highlights<\/p>\n<ul>\n<li>Quarterly operational uptime of 96.8% and financial uptime of 91.1% for the combined fleet of owned and managed rigs<\/li>\n<li>Net Income of $25.8 million for the quarter<\/li>\n<li>Adjusted EBITDA of $21.5 million for the quarter<\/li>\n<li>Free cash position of $37.2 million<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\">Subsequent events<\/p>\n<ul>\n<li>Announced contract extension of 1,455 days for SSV Victoria<\/li>\n<li>Announced contract extension of 135 days for DS Carolina<\/li>\n<li>Announced contract extension of 365 days for Atlantic Zonda<\/li>\n<li>Raised $75 million through tap issue under bond loan<\/li>\n<li>Agreed revised bond terms postponing remaining instalments under bond loan to April 2027<\/li>\n<li>Agreed extended maturity date of Revolving Credit Facility to December 31, 2026<\/li>\n<\/ul>\n<p class=\"mfn-wp-retain\">Guilherme Coelho, Chief Executive Officer commented:<\/p>\n<p class=\"mfn-wp-retain\"><em>&ldquo;We are very happy to report another quarter of strong operational execution delivered by the Ventura Offshore teams, with operational uptime again at high levels. Many of the most significant milestones for the Company, nonetheless, occurred shortly after quarter-end, when we announced the securing of close to half a billion dollars in additional backlog to our rigs operating in Brazil, further strengthening our revenue visibility, and the successful raise of $75 million through a tap issue under our existing bond framework. Together, these achievements reflect the quality of our operational platform, strengthen our commercial position, and improve our financial flexibility, as we continue to position ourselves for long-term value creation.&rdquo;<\/em><\/p>\n<p class=\"mfn-wp-retain\">Link to conference call:<\/p>\n<p class=\"mfn-wp-retain\"><a href=\"https:\/\/teams.microsoft.com\/l\/meetup-join\/19%3ameeting_ZDQ4YmI2YzMtOWVlZC00ZjY1LTgwYTktMDZkYjhlODAwNTY5%40thread.v2\/0?context=%7B%22Tid%22%3a%224cbfea0a-b872-47f0-b51c-1c64953c3f0b%22%2c%22Oid%22%3a%229dd306f2-be12-4fa5-b89a-0e445936890c%22%7D\" rel=\"noopener\" target=\"_blank\">https:\/\/teams.microsoft.com\/l\/meetup-join\/19%3ameeting_ZDQ4YmI2YzMtOWVlZC00ZjY1LTgwYTktMDZkYjhlODAwNTY5%40thread.v2\/0?context=%7b%22Tid%22%3a%224cbfea0a-b872-47f0-b51c-1c64953c3f0b%22%2c%22Oid%22%3a%229dd306f2-be12-4fa5-b89a-0e445936890c%22%7d<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-73d459dd4405\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">For further queries, please contact:<\/strong><\/p>\n<p>Guilherme Coelho<br \/>Chief Executive Officer<br \/>+55 21 99311 1167<br \/><a href=\"mailto:guilherme.coelho@ventura-offshore.com\" rel=\"noopener\" target=\"_blank\">guilherme.coelho@ventura-offshore.com<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-nsta\">\n<p class=\"mfn-wp-retain\"><em>This information is subject to disclosure under the Norwegian Securities Trading Act, &sect;5-12. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-05-29 07:00 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-fcb623dfc76d\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">About Ventura Offshore Holding Ltd.<\/strong><br \/>Ventura Offshore Holding Ltd. is a deep-water drilling contractor providing offshore drilling services to the oil and gas industry since 1998 in Brazil and worldwide. The Company owns and operates one drillship, DS Carolina, and two semisubmersible drilling rigs, SSV Victoria and SSV Catarina, and further manages one drillship, Atlantic Zonda. The drilling rigs are currently operating offshore Brazil and Indonesia. The Company is incorporated under the laws of Bermuda and was listed on Euronext Growth Oslo on June 5, 2024, under the ticker &ldquo;VTURA&rdquo;.<br \/>&nbsp;<br \/>Additional information about Ventura Offshore Holding can be found at <a href=\"https:\/\/ventura-offshore.com\/en\/a-ventura\/\" rel=\"noopener\" target=\"_blank\">https:\/\/ventura-offshore.com\/en\/a-ventura\/<\/a>.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-66d9588a10f1\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">Forward-looking statements<\/strong><br \/>This press release and the attached reports may include &ldquo;forward-looking statements&rdquo;. These statements can be identified by the use of forward-looking terminology, including the terms &ldquo;assumes,&rdquo; &ldquo;believes,&rdquo; &ldquo;estimates,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;probability,&rdquo; &ldquo;risk,&rdquo; &ldquo;target,&rdquo; &ldquo;goal,&rdquo; &ldquo;objective,&rdquo; &ldquo;expects,&rdquo; &ldquo;intends,&rdquo; &ldquo;projects,&rdquo; &ldquo;plans,&rdquo; &ldquo;may,&rdquo; &ldquo;will&rdquo; or &ldquo;should&rdquo; or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They include statements regarding the intentions, beliefs, or current expectations of the Company concerning, among other things, the Company&rsquo;s results of operations, financial condition, liquidity, prospects, growth, strategies, and the industry in which it operates, and include any business plan information included in this report. Any forward-looking statements which the Company makes in the report speak only as of the date of such statement. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions that could cause actual results to differ materially from those in the forward-looking statements. As a result, you should be cautious in placing any reliance on such statements and make your own judgment as to the likelihood of such statements materializing in the future and the reasonableness of any underlying assumptions. The Company does not intend, and undertakes no obligation, to revise the forward-looking statements included in this report to reflect any future events or circumstances.<\/p>\n<p class=\"mfn-wp-retain\">The Company has included non-US GAAP financial measures in the reports. These financial measures may not be comparable to those of other companies. Reference to these non-GAAP financial measures should be considered in addition to US-GAAP financial measures, but should not be considered a substitute for results that are presented in accordance with US GAAP.<\/p>\n<p class=\"mfn-wp-retain\">This press release and the attached presentation do not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in the Company. The release, publication or distribution of this press release in certain jurisdictions may be restricted by law, and therefore persons in such jurisdictions into which this press release is released, published or distributed should inform themselves about, and observe, such restrictions.<\/p>\n<p class=\"mfn-wp-retain\">An investment in the Company involves risk, and several factors could cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this press release and the attached presentation, including, among others, the risk factors described in the Company&rsquo;s recent information document. An investment in the Company is only suitable for investors who understand the risk factors associated with this type of investment and who can afford to a loss of all or part of their investment.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p class=\"mfn-wp-retain\"><strong class=\"mfn-heading-1\">Attachments<\/strong><br \/><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/596f26aa-d2ff-425b-8c23-32869588eaef\/vtura-holding-1q2026-interim-report.pdf\" rel=\"noopener\" target=\"_blank\">VTURA Holding 1Q2026 Interim Report<\/a><br \/><a href=\"https:\/\/storage.mfn.se\/5544999e-2ae2-42a7-a87c-2ff8910cf060\/vtura-holding-1q26-highlights-report.pdf\" rel=\"noopener\" target=\"_blank\">VTURA Holding 1Q26 Highlights Report<\/a><\/p>\n<\/div>\n<script>\n                Array.prototype.slice.call(document.querySelectorAll(\".mfn-footer.mfn-attachment\")).forEach(function (el) { el.remove() });\n            <\/script>\n        <div class=\"mfn-attachments-container\"><div class=\"mfn-attachment mfn-primary\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/596f26aa-d2ff-425b-8c23-32869588eaef\/vtura-holding-1q2026-interim-report.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/596f26aa-d2ff-425b-8c23-32869588eaef\/vtura-holding-1q2026-interim-report.pdf?type=jpg\"><\/span>VTURA Holding 1Q2026 Interim Report<\/a><\/div><div class=\"mfn-attachment\"><a class=\"mfn-attachment-link\" href=\"https:\/\/storage.mfn.se\/5544999e-2ae2-42a7-a87c-2ff8910cf060\/vtura-holding-1q26-highlights-report.pdf\"><span class=\"mfn-attachment-icon\"><img decoding=\"async\" src=\"https:\/\/storage.mfn.se\/5544999e-2ae2-42a7-a87c-2ff8910cf060\/vtura-holding-1q26-highlights-report.pdf?type=jpg\"><\/span>VTURA Holding 1Q26 Highlights Report<\/a><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>May 29, 2026 &#8211; Ventura Offshore Holding Ltd. (the &ldquo;Company&rdquo;) announces results for the first quarter of 2026. The results highlights will be discussed in an audio conference call on Friday, May 29, 2026 at 14:00 CEST. Dial-in details for the conference call can be found below. Highlights Quarterly operational uptime of 96.8% and financial [&hellip;]<\/p>","protected":false},"template":"","class_list":["post-6313","mfn_news","type-mfn_news","status-publish","hentry","mfn-news-tag-mfn-lang-en","mfn-news-tag-mfn-report-interim","mfn-news-tag-mfn-type-ir","mfn-news-tag-mfn","mfn-news-tag-mfn-regulatory-nsta","mfn-news-tag-mfn-report-interim-q1","mfn-news-tag-mfn-regulatory","mfn-news-tag-mfn-report"],"_links":{"self":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/mfn_news\/6313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/mfn_news"}],"about":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/types\/mfn_news"}],"wp:attachment":[{"href":"https:\/\/ventura-offshore.com\/en\/wp-json\/wp\/v2\/media?parent=6313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}