olivLaw · European equity research
Reach Subsea ASA REACH.OL
Norway · Euronext Oslo Børs · ISIN NO0003117202 · Vertical: Listed companies from Norway
Reach Subsea ASA is a Norwegian subsea services company combining conventional vessels, ROVs and uncrewed surface vehicles under the Reach Remote brand. In 2025 it operated eight subsea spreads and four USV spreads, and the order for Reach Remote 3 and 4 points to a push toward remote operations in a shifting energy and marine market. For the reader, the question is whether remote technology can offset fleet utilisation that weakened in the second half of the year.
At the close of 06 Nov 2026, Reach Subsea ASA (REACH.OL) stock was 5.98 NOK (−0.33% on the day), with market capitalisation 1.9 bn NOK, P/E 18.1 on diluted EPS of 0.33 NOK over the last 12 months, dividend yield 7.23%, beta 0.41, 52-week range 4.71–7.41 NOK.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 43.6
- weak (30–45)
- Bollinger (20, 2)
- 5.83 – 6.24
- in the lower half of the band · %B 0.37 · band width 6.9%
- SMA 50 / 200
- 6.27 / 6.14
- mixed trend
- MACD (12, 26, 9)
- -0.06 / -0.06
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.6% | −0.6% | −2.0 pp | — |
| 3 months | +11.4% | −4.2% | +15.5 pp | — |
| 6 months | −6.7% | +4.3% | −11.0 pp | — |
| Year to date | −12.4% | +7.5% | −20.0 pp | — |
| 1 year | −10.2% | +9.9% | −20.1 pp | −4.7% |
| 3 years | +25.9% | +49.8% | −24.0 pp | +12.7% |
| 5 years | +92.5% | +42.8% | +49.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 67 percentile of its own 3-quarter history (min 5.1, median 11.6, max 20.7; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2.0 bn | 2.7 bn | 2.7 bn |
| Revenue YoY | unavailable | +38.2% | −1.6% |
| Net income | 225.8 m | 205.4 m | 108.1 m |
| Net income YoY | unavailable | −9.0% | −47.4% |
| Diluted EPS | 0.88 | 0.68 | 0.33 |
| Diluted EPS YoY | unavailable | −22.7% | −51.5% |
| net % | 11.5% | 7.6% | 4.0% |
| Free cash flow | 750.0 m | 604.7 m | 818.9 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 514.2 m NOK
- Financial debt
- 253.4 m NOK
- Net debt
- -260.8 m NOK
- Equity
- 1.2 bn NOK
- Total assets
- 3.6 bn NOK
- Debt / equity
- 0.21x
- Current ratio
- 0.89x
- ROE
- 9.4%
- ROA
- 3.2%
- FCF margin
- 30.6%
Financial statements (source on every figure)
Revenue and net income (NOK)
Margins
Income statement · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 2.0 bn | 2.7 bn | 2.7 bn | esef· 21 Oct 2026verified |
| Operating income | 331.8 m | 363.8 m | 149.4 m | esef· 21 Oct 2026verified |
| Depreciation & amortisation | 623.0 m | 806.1 m | 970.5 m | esef· 21 Oct 2026verified |
| EBITDA | 954.8 m ≈ | 1.2 bn ≈ | 1.1 bn ≈ | esef· 21 Oct 2026derived |
| Pre-tax income | 289.5 m | 230.0 m | 81.0 m | esef· 21 Oct 2026verified |
| Income tax | 63.7 m | 24.6 m | -27.1 m | esef· 21 Oct 2026verified |
| Net income | 225.8 m | 205.4 m | 108.1 m | esef· 21 Oct 2026verified |
| Diluted EPS | 0.88 | 0.68 | 0.33 | esef· 21 Oct 2026verified |
| Dividend per share | 0.18 | 0.42 | 0.43 | esef· 21 Oct 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 436.4 m | 278.0 m | 514.2 m | esef· 21 Oct 2026verified |
| Current assets | 820.9 m | 1.0 bn | 1.2 bn | esef· 21 Oct 2026verified |
| Property, plant & equipment, net | 183.3 m | 298.6 m | 562.5 m | esef· 21 Oct 2026verified |
| Goodwill | 109.6 m | 109.6 m | 117.9 m | esef· 21 Oct 2026verified |
| Intangibles (excl. goodwill) | 30.8 m | 25.2 m | 11.9 m | esef· 21 Oct 2026verified |
| Total assets | 2.7 bn | 3.2 bn | 3.6 bn | esef· 21 Oct 2026verified |
| Long-term debt | 57.4 m | 121.6 m | 253.4 m | esef· 21 Oct 2026verified |
| Current liabilities | 886.0 m | 1.4 bn | 1.4 bn | esef· 21 Oct 2026verified |
| Equity | 928.0 m | 1.1 bn | 1.2 bn | esef· 21 Oct 2026verified |
| Shares outstanding at year end | 253.7 m | 263.4 m | 317.9 m | esef· 21 Oct 2026derived |
Cash flow · NOK
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 952.7 m | 867.5 m | 1.2 bn | esef· 21 Oct 2026verified |
| Capex | 202.7 m | 262.8 m | 372.5 m | esef· 21 Oct 2026verified |
| Free cash flow | 750.0 m ≈ | 604.7 m ≈ | 818.9 m ≈ | esef· 21 Oct 2026derived |
| Investing cash flow | -208.4 m | -297.1 m | -531.5 m | esef· 21 Oct 2026verified |
| Financing cash flow | -487.8 m | -746.7 m | -407.3 m | esef· 21 Oct 2026verified |
| Dividends paid | 46.0 m | 97.8 m | 137.5 m | esef· 21 Oct 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 75 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
06 Nov 2026Source: olivLaw, closing series
Market cap: 1.9 bn NOK
Key indicators
Coverage and freshness
Score by group
- Quality75
- Returns100
- Balance sheet52
- Valuation79
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Neutral profile · Score 75/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 13.3% | 73 (vs peers) | 14% |
| Net margin · Quality | 4.0% | 53 (vs peers) | 8% |
| FCF conversion · Quality | 757.6% | 100 (on a fixed band) | 8% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | -0.2x | 70 (vs peers) | 14% |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.9x | 7 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 18.1x | 55 (vs peers) | 14% |
| EV/EBITDA · Valuation | 1.5x | 86 (vs peers) | 14% |
| FCF yield · Valuation | 43.1% | 100 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 7.2% | 100 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 16.8% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet52/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality75/100 · 3/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation79/100 · 3/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
REACH SUBSEA ASA (REACH.OL). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 2.7 bn NOK in 2025; YoY growth -1.6%; net margin 4.0%; ROE 9.4%; net debt/EBITDA -0.2x.
The estimated value range is 4.24–10.43 NOK per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 6.52 NOK, the price of 5.98 NOK leaves a potential of 9.0% (value / price − 1) and a margin of safety of 8.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 75/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: growth. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 13.3%
- FCF conversion: 757.6%
- Net debt / EBITDA: -0.2x
- EV/EBITDA: 1.5x
- FCF yield: 43.1%
- Shareholder yield (distributions): 7.2%
- Payout ratio (FCF): 16.8%
What contradicts it
- Current ratio: 0.9x
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Interest coverage.
Versus the vertical median
Listed companies from Norway · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| AKER.OLAker Asa | 79.8 bn | 20.3 | 7.9% | 21.4% | +42.5% | +36% / +59% |
| AFG.OLAf Gruppen Asa | 21.5 bn | 19.8 | 39.7% | 3.4% | +4.4% | +8% / +69% |
| ELK.OLElkem Asa | 19.2 bn | 39.3 | 1.9% | 2.7% | −15.7% | +10% / +73% |
| ATEA.OLAtea Asa | 18.5 bn | 21.4 | 19.7% | 2.3% | +8.1% | +11% / +36% |
| AKSO.OLAker Solutions Asa | 17.4 bn | 6.8 | 22.5% | 4.1% | +19.2% | +18% / −12% |
| AUSS.OLAustevoll Seafood Asa | 16.6 bn | 37.1 | 1.6% | 1.1% | +11.1% | −7% / +10% |
| BRG.OLBorregaard Asa | 15.6 bn | 25.1 | 11.4% | 8.0% | +1.3% | −18% / −9% |
| BONHR.OLBonheur ASA | 11.2 bn | 7.8 | 17.1% | 11.4% | −10.8% | +17% / +44% |
| AFK.OLArendals Fossekompani Asa | 10.3 bn | — | -2.3% | -3.1% | −14.9% | +39% / +31% |
| B2I.OLB2 Impact Asa | 8.8 bn | 14.3 | 11.0% | 16.4% | +2.6% | +40% / +238% |
| AKVA.OLAkva Group Asa | 5.7 bn | 31.2 | 13.7% | 4.2% | +24.4% | +74% / +152% |
| ELMRA.OLElmera Group Asa | 5.1 bn | 32.0 | 10.5% | 1.3% | −0.9% | +32% / +98% |
| BOUV.OLBouvet Asa | 5.0 bn | 14.2 | 80.7% | 9.2% | −0.2% | −19% / −16% |
| CLOUD.OLCloudberry Clean Energy Asa | 4.0 bn | 61.9 | 1.3% | 13.1% | +34.0% | −5% / +29% |
| ABG.OLAbg Sundal Collier Holding Asa | 3.6 bn | 10.7 | 34.9% | 16.8% | +12.4% | −13% / +20% |
| ANDF.OLAndfjord Salmon Group As | 2.2 bn | — | -5.7% | -12,770.4% | +328.9% | −18% / −11% |
| REACH.OLReach Subsea Asa | 1.9 bn | 18.1 | 9.4% | 4.0% | −1.6% | −1% / +41% |
| BMA.OLByggma Asa | 1.6 bn | — | -25.3% | -11.9% | −2.5% | +61% / +15% |
| APR.OLAppear Asa | 1.4 bn | 10.5 | 30.1% | 16.1% | +32.3% | −53% / unavailable |
| AZT.OLArcticzymes Technologies Asa | 1.1 bn | 108.9 | 2.9% | 8.6% | +7.9% | −8% / −48% |
| CAPSL.OLCapsol Technologies Asa | 884.6 m | — | -89.4% | -114.8% | −25.0% | −33% / −66% |
| BOR.OLBorgestad Asa | 553.2 m | 36.1 | 2.1% | 1.4% | −3.0% | −7% / +41% |
| ARR.OLArribatec Group Asa | 234.6 m | 4.8 | 22.1% | 9.3% | +15.7% | −33% / −55% |
| DELIA.OLDellia Group Asa | 73.5 m | 1.5 | 22.6% | 7.7% | +140.0% | −62% / unavailable |
| ABTEC.OLAqua Bio Technology Asa | 11.1 m | 0.1 | — | 7,297.7% | −87.2% | −82% / −97% |
1- and 3-year price returns: for REACH.OL from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (NOK)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 3.42 Total return -39% · Per year -39% | 6.07 Total return 7% · Per year 7% | 9.16 Total return 60% · Per year 60% |
| 3 years | 2.93 Total return -39% · Per year -15% | 5.88 Total return 15% · Per year 5% | 9.80 Total return 85% · Per year 23% |
| 5 years | 2.51 Total return -40% · Per year -10% | 5.70 Total return 22% · Per year 4% | 10.49 Total return 112% · Per year 16% |
- Exit P/E± 1.47
- Net margin± 1.03
- Annual revenue growth± 0.90
- Annual dilution± 0.09
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Reach Subsea ASA is a Norwegian subsea services company combining conventional vessels, ROVs and uncrewed surface vehicles under the Reach Remote brand. In 2025 it operated eight subsea spreads and four USV spreads, and the order for Reach Remote 3 and 4 points to a push toward remote operations in a shifting energy and marine market. For the reader, the question is whether remote technology can offset fleet utilisation that weakened in the second half of the year.
SWOT
Strengths
- The company has a mixed fleet of conventional vessels and uncrewed vehicles, plus an operations team with experience and high technical ROV availability.
- The Reach Remote line is proven in commercial operations with large clients in Norway and Australia, a technology edge that is hard to copy quickly.
- The company has an in-house remote access and data platform, Reach Horizon, that could support recurring services.
Weaknesses
- Fleet utilisation fell in the second half of 2025, showing dependence on client contract volume.
- Much of future capacity depends on chartered vessels or newbuilds, which adds delivery timing and financial commitments.
- The Reach Remote programme was supported by public grants, and reliance on external funding could limit the pace of expansion.
Opportunities
- Extending Reach Remote to more clients and new markets could increase use of the autonomous fleet as Reach Remote 3 and 4 arrive in 2027.
- Survey and monitoring demand for offshore wind and cable infrastructure could complement oil and gas volume.
- Launching Reach Horizon 2.0 in 2026 could turn the platform into a source of recurring digital services for clients.
Threats
- A cautious offshore investment market can postpone contracts and keep fleet utilisation below the desired level.
- Larger competitors with deeper financial resources could accelerate their own uncrewed vehicle solutions.
- Delays in new vessel or Reach Remote 3 and 4 deliveries could postpone planned capacity growth.
Risks
- Fleet utilisationhigh
If client decisions remain delayed, vessel and ROV utilisation could decline, with a direct effect on revenue.
- Delivery of new vesselsmedium
Delays to Viking Vigor, NB76 or Reach Remote 3 and 4 could postpone the capacity planned for 2026 and 2027.
- Reliance on grantsmedium
The EU grant for Reach Remote 3 and 4 reduces investment risk, but conditions or delays in the programme could affect the timeline.
- Concentration on a few large clientsmedium
Dependence on contracts with large energy clients could make revenue sensitive to individual investment decisions.
- Adoption of autonomous technologylow
If regulation or clients slow the adoption of uncrewed operations, the value of the Reach Remote line could be deferred.
Investment thesis
What would need to be true (bull case)
- If Reach Remote operations win more clients, the company could turn its technology edge into repeatable work volume.
- Delivery of new vessels in 2026 and 2027 could raise capacity from a high base and could support revenue growth.
- If Reach Horizon 2.0 succeeds, the data platform could add recurring revenue and strengthen client relationships.
What would break the thesis
- If the offshore market stays cautious, fleet utilisation could keep falling and could press the company's margins.
- Delays in vessel deliveries or in the Reach Remote timeline could postpone the growth the market expects.
- Reliance on public grants and a few large clients could make results more volatile than those of more diversified competitors.
What to watch
- Improvement in conventional fleet and Reach Remote utilisation2026
- Delivery of Viking VigorQ3 2026
- Launch of Reach Horizon 2.02026
- Delivery of Reach Remote 3 and 4 and of newbuild NB762027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Reach Subsea provides survey, inspection, maintenance and intervention services, plus environmental monitoring, mainly for the oil and gas industry, offshore wind and government clients. The company rests on three pillars: people, assets and technology. The fleet includes 12 WROV systems, two Surveyor Interceptor systems and vessels it owns or charters. In 2025 it operated and marketed eight subsea spreads and four USV spreads.
The main differentiator is the Reach Remote line, 24-metre uncrewed surface vessels with an electric work-class ROV and hull-mounted survey sensors. Reach Remote 1 and 2 are in commercial service in Norway and Australia, and Reach Remote 3 and 4 are scheduled for delivery in 2027. The company pairs this fleet with the Reach Horizon platform for remote access and real-time data.
Segments
Conventional subsea services
Crewed vessel and ROV operations cover survey, inspection, maintenance and installation, with chartered vessels and extra capacity in 2026 and 2027. This segment brings the bulk of activity and depends on demand from oil and gas and offshore wind.
Reach Remote (USV and remote operations)
Uncrewed surface vessels with electric ROVs and survey sensors were delivered and operated commercially in 2025, with campaigns for Equinor, Shell, Woodside Energy and other clients. This is the newest segment and the one most tied to the company's technology strategy.
Market context
The company operates in the North Sea, US Gulf, Australia, Brazil, the Mediterranean and South East Asia, so its market is global with a Norwegian core. Demand from oil and gas, offshore wind and environmental monitoring drives its workload. An indicator of market interest is the number of tenders with a USV solution, 34 in 2025.
The subsea services market is sensitive to client investment decisions, which can be postponed in uncertain periods. The annual report describes a cautious market in the second half of 2025 that affected vessel and ROV utilisation.
Trends
- Remote and autonomous operationstailwind
Moving to operations without crew on board reduces offshore human exposure and costs, which could support adoption of Reach Remote if clients continue to accept the solution. The report describes carbon and operating cost reductions as outcomes of the programme.
- Caution in offshore investmentheadwind
Clients postponed some decisions in the second half of 2025 and fleet utilisation fell. If this caution persists, revenue and vessel utilisation could stay under pressure in 2026.
- Public funding for technologymixed
An EU grant supports construction of Reach Remote 3 and 4, showing that public programmes can reduce the risk of new technology investment. Reliance on grants is nonetheless a factor to watch.
- Environmental monitoring and offshore windtailwind
Monitoring projects, seabed mapping and cable installation for offshore wind create demand for survey and inspection. If wind development continues, these services could grow.
Competitive position
The subsea services market is competitive, with large offshore service companies and firms specialised in ROVs and survey. Reach Subsea's edge is the combination of its conventional fleet and its uncrewed vessel line, which competitors have not yet developed as far.
The company competes on capacity, ROV availability, operating experience with large clients and technology innovation. The sources do not explicitly identify competitors for each segment, so comparisons are limited to what the report describes.
- Oceaneering InternationalOII
US subsea services and technology company active in ROVs and offshore operations.
- TechnipFMCFTI
US company with subsea construction and services activity for the energy industry.
- Helix Energy SolutionsHLX
US subsea services and intervention company active in the US Gulf.
- Eidesvik Offshore
Norwegian shipowner associated with Reach Subsea on the Viking Vigor and NB76 newbuild.
News & filings
In the press
- Iran war live: Qatar says US, Iran should not wait to reach a peace dealAl Jazeera — World · 07 Nov 2026 · EN
- How China’s Naval-Air Reach Is Offsetting the Malacca DilemmaThe Diplomat (Asia geopolitics) · 06 Nov 2026 · EN
- Was the midterm outcome a rebuke or a reach across the aisle?The Hill · 06 Nov 2026 · EN
- Third seed Shelton edges past Paul to reach Paris last fourCNA (Channel NewsAsia) · 06 Nov 2026 · EN
- Fox completes $22 billion Roku deal to expand digital reachCNA (Channel NewsAsia) · 06 Nov 2026 · EN
- EU says 'a lot of work' still needed to reach Ukraine peace dealThe Hindu — International · 06 Nov 2026 · EN
- Domestic tourism in Russia to reach 32 million trips this winter — ministerTASS (RU, EN) · 06 Nov 2026 · EN
- GitHub Actions Lockfiles Reach GA to Secure Workflow DependenciesInfoQ · 06 Nov 2026 · EN
- From Madrid to MAGA: How Spain’s Vox forged a right-wing network with global reachPolitico EU · 06 Nov 2026 · EN
- Podcast | Will the Blue Tsunami reach the Caucasus?OC Media (GE, EN) · 05 Nov 2026 · EN
- IME Warns Bulgaria's Debt Interest Bill Will Reach EUR 1.5 BillionNovinite — Sofia News Agency (BG, EN) · 05 Nov 2026 · EN
- US envoy Kushner praises Ukrainian team's engagement in efforts to reach a peace settlementUkrainska Pravda (UA, EN) · 05 Nov 2026 · EN
- Saildrone expands its European market reach with manufacturing partner in NorwayDefense News (US, EN) · 04 Nov 2026 · EN
- Elon Musk’s record election bet backfired. The backlash may reach beyond one billionaireCNBC — Top News · 04 Nov 2026 · EN
- Turkish exports to neighboring countries reach $23.4B in January-OctoberAnadolu Agency (TR, EN) · 04 Nov 2026 · EN
- Meta Shares Top Muse Bug Bounty Findings as Payouts Reach $1.2 MillionSecurityWeek · 04 Nov 2026 · EN
- Gas prices reach record high for an Election DayThe Hill · 03 Nov 2026 · EN
- Diplomatic Push Falls Short: Iran-US Deal Still Out of ReachModern Diplomacy · 03 Nov 2026 · EN
- Qatar remains hopeful the US and Iran can reach a dealAl Jazeera English · 03 Nov 2026 · EN
- Can Iran and the US Reach a Deal Before the War Escalates Again?Modern Diplomacy · 03 Nov 2026 · EN
Annual reports (ESEF)
- Annual report 202521 Oct 2026
- Annual report 202521 Oct 2026
- Annual report 202408 May 2025
- Annual report 202308 May 2025
Sources
- [1] Annual report, fiscal year ended 2025-12-31 (ESEF) · SEC / Reach Subsea ASA · 31 Dec 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.