Reese McNeel
Chief Govt Officer
Hiya, everybody, and welcome to this This fall 2025 outcomes presentation for Prosafe. My title is Reese McNeel, and I’m the CEO.
I might like to only spotlight right here to begin off the place we’re. Prosafe, we’re the most important operator within the lodging market. I believe we’ve a really robust high-end fleet of 5 items, a number one place in Brazil. I believe there’s very robust market fundamentals. And at present, I wish to spend a little bit bit extra time on speaking concerning the market that we’re in. And we’ve a extremely robust focus, significantly the final quarters, on value and bettering our strategic place.
Coming again a little bit bit to This fall. I used to be very proud of the This fall outcomes. I believe This fall, if I look again to get to the EBITDA that we had in This fall, we’ve to return to 2022. So I believe it was one of many strongest quarters we have had in a few years. It is also 1 / 4 the place we had all 5 of our rigs working and all 5 of our rigs incomes. I believe once more, we bought to return fairly some time since we have seen that. And I believe that is a mirrored image of how robust the market is. Additionally had a really robust working efficiency with 100% fleet utilization. So principally, basically no downtime. So actually robust operations and likewise good security efficiency.
Slightly bit on the advertising aspect, essential, in fact, as effectively. We did signal an LOI for the Caledonia for 2027, very joyful about that. I believe as half and parcel of that LOI, additionally, we’ll — we’ve agreed to kind of an