Newly listed rig operator Jacktel reported EBITDA of 8.8 for the first quarter of 2026, down from 10.5 in the same period last year. Net profit amounted to 2.3, compared to 4.2.

Revenue fell to 15.9 from 20.7. Operating profit came in at 4.0 against 6.2 the previous year.

The company stated that the Haven rig maintained 100 percent operational and financial utilization during the quarter. In March, Equinor extended the Draupner contract by an additional six weeks until May 27, 2026, representing a contract value of approximately 7.

Jacktel proposes a quarterly dividend of 0.025 dollars per share.

The company simultaneously reiterated a strong market outlook, noting that the Haven is expected to transition directly from the Draupner contract to the Valhall project for Aker BP in early June. The firm EBITDA backlog stands at approximately 58, rising to 82 including options.

Chairman Harald Thorstein stated that the company is expected to continue generating strong cash flows and distributing excess capital to shareholders while amortizing debt.

Key figures, MUSDQ1 2026Q1 2025Change
Revenue15.920.7-23%
EBITDA8.810.5-16%
Operating profit4.06.2-36%
Profit before tax2.34.2-45%
Net profit2.34.2-45%