Dolphin Drilling AS (DDRIL.OL) on Friday reported a narrower net loss for the first quarter, as lower operating expenses offset a drop in revenue.
The offshore drilling rig company's net loss narrowed to $6.2 million from $8.2 million last year. Loss on total operating expenses reduced to $32.2 million from $35.5 million a year earlier.
Meanwhile, quarterly revenue declined to $44.7 million from $45.6 million a year before. Adjusted EBITDA increased sequentially to $8.6 million from $8.2 million in the fourth quarter 2025 and significantly higher year-on-year, demonstrating continued operational leverage and "disciplined cost control".
EBITDA was $8.3 million compared to $4.9 million in the previous year. EBIT was $1.9 million compared to a loss of $0.7 million a year ago. loss on EBT was $4.8 million versus $6.8 million in the same period last year.
On the Oslo Stock Exchange, shares of Dolphin Drilling were losing 3.33 percent, changing hands at 2.9000 Norwegian Kroner.
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