Declared Dividend • Jun 12
Dividend of kr0.04 announced Shareholders will receive a dividend of kr0.04. Ex-date: 16th June 2026 Payment date: 26th June 2026 Dividend yield will be 8.7%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Announcement • Jun 10
Noram Drilling AS Announces Monthly Cash Distribution for June 2026, Payable on or About June 26, 2026 The Board of Directors of NorAm Drilling AS approved monthly cash distribution of approximately USD 1.7 million based on free cash flow for May 2026. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.04 per share. Date of approval: June 9, 2026; Last day including right: June 15, 2026; Ex-date: June 16, 2026; Record date: June 17, 2026. Payment date: On or about June 26, 2026. Reported Earnings • May 28
First quarter 2026 earnings released First quarter 2026 results: Revenue: US$26.2m (up 1.5% from 1Q 2025). Net income: US$2.57m (down 50% from 1Q 2025). Profit margin: 9.8% (down from 20% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Energy Services industry in Europe. Announcement • May 22
NorAm Drilling AS to Report Q2, 2026 Results on Aug 29, 2026 NorAm Drilling AS announced that they will report Q2, 2026 results at 4:25 PM, Central European Standard Time on Aug 29, 2026 Declared Dividend • Apr 13
Dividend of US$0.035 announced Shareholders will receive a dividend of US$0.035. Ex-date: 14th April 2026 Payment date: 22nd April 2026 Dividend yield will be 8.1%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Declared Dividend • Mar 15
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 17th March 2026 Payment date: 25th March 2026 Dividend yield will be 8.5%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €4.05, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Energy Services industry in Europe. Reported Earnings • Feb 20
Full year 2025 earnings released Full year 2025 results: Revenue: US$101.1m (down 1.9% from FY 2024). Net income: US$14.8m (up US$12.6m from FY 2024). Profit margin: 15% (up from 2.2% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Energy Services industry in Europe. Buy Or Sell Opportunity • Feb 18
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to €3.33. The fair value is estimated to be €2.66, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Declared Dividend • Feb 13
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 17th February 2026 Payment date: 25th February 2026 Dividend yield will be 12%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 30% per year over the past 3 years. However, payments have been volatile during that time. Announcement • Jan 14
NorAm Drilling AS Approves Monthly Cash Distribution for December 2025, Payable on or About January 26, 2026 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.3 million based on free cash flow for December 2025. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.03 per share. Date of approval: January 12, 2026. Ex-date: January 16, 2026. Record date: January 19, 2026. Payment date: On or about January 26, 2026. Declared Dividend • Dec 15
Dividend of US$0.03 announced Shareholders will receive a dividend of US$0.03. Ex-date: 16th December 2025 Payment date: 23rd December 2025 Dividend yield will be 14%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 34% per year over the past 3 years. However, payments have been volatile during that time. Reported Earnings • Nov 20
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: US$23.9m (down 9.8% from 3Q 2024). Net income: US$4.02m (up 474% from 3Q 2024). Profit margin: 17% (up from 2.6% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Energy Services industry in Europe. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
First quarter 2025 earnings released First quarter 2025 results: Revenue: US$25.8m (up 3.0% from 1Q 2024). Net income: US$5.15m (up 184% from 1Q 2024). Profit margin: 20% (up from 7.2% in 1Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Energy Services industry in Europe. Board Change • May 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 09
Noram Drilling AS Approves Monthly Dividend for March 2025, Payable on or About April 24, 2025 NorAm Drilling AS announced that Board of Directors approved a monthly cash distribution of USD 0.04 per share based on free cash flow for March 2025. Ex-date: April 15, 2025, Record date: April 16, 2025 and Payment date: On or about April 24, 2025. Announcement • Mar 11
NorAm Drilling Approves Monthly Cash Distribution for February 2025, Payable on or About March 24, 2025 NorAm Drilling AS announced that Board of Directors approved a monthly cash distribution of USD 0.04 per share based on free cash flow for February 2025. Ex-date is March 14, 2025. Record date is March 17, 2025. Payment date is On or about March 24, 2025. Date of approval is March 10, 2025. Announcement • Feb 11
NorAm Drilling AS Approves Monthly Cash Distribution for January 2025, Payable on or About February 24, 2025 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for January 2025. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.04 per share. Payment to shares registered with Euronext VPS will be distributed in NOK. Date of approval: February 10, 2025. Last day including right: February 14, 2025. Ex-date: February 17, 2025. Record date: February 18, 2025. Payment date: On or about February 24, 2025. Announcement • Jan 11
NorAm Drilling AS, Annual General Meeting, Jun 11, 2026 NorAm Drilling AS, Annual General Meeting, Jun 11, 2026. Reported Earnings • Nov 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: US$26.5m (flat on 3Q 2023). Net income: US$700.0k (down 66% from 3Q 2023). Profit margin: 2.6% (down from 7.7% in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Energy Services industry in Europe. Declared Dividend • Nov 12
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th November 2024 Payment date: 22nd November 2024 Dividend yield will be 16%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 76% per year over the past 2 years. However, payments have been volatile during that time. Board Change • Oct 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 08
NorAm Drilling AS Declares Cash Distribution for the Month September 2024, Payable on or About October 23, 2024 NorAm Drilling AS declared monthly cash distribution of USD 0.04 per share based on free cash flow for September 2024. Date of approval: October 8, 2024, Last day including right: October 14, 2024, Ex-date: October 15, 2024, Record date: October 16, 2024 and Payment date: On or about October 23, 2024. Declared Dividend • Sep 12
Dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 16th September 2024 Payment date: 23rd September 2024 Dividend yield will be 16%, which is higher than the industry average of 2.7%. Sustainability & Growth The dividend has increased by an average of 78% per year over the past 2 years. However, payments have been volatile during that time. Announcement • Sep 10
Noram Drilling AS Approves Cash Distribution for the Month of September 2024, Payable on or About September 23, 2024 NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for August 2024. Distribution amount of USD 0.04 per share. Date of approval is September 9, 2024. Ex-date is September 16, 2024. Record date is September 17, 2024. Payment date is on or about September 23, 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Board Change • Sep 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Aug 09
Noram Drilling as Announces Monthly Cash Distribution, Payable on or About August 23, 2024 NorAm Drilling AS announced Distribution amount of USD 0.04 per share. Date of approval is August 8, 2024. Ex-date is August 16, 2024. Record date is August 19, 2024. Payment date is On or about August 23, 2024. Announcement • Jul 11
NorAm Drilling AS Approves a Monthly Cash Distribution for July 2024, Payable on or about July 24, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for July 2024. Distribution amount: USD 0.04 per share. Ex-date: July 16, 2024. Record date: July 17, 2024. Payment date: On or about July 24, 2024. Date of approval: July 10, 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Announcement • Jun 13
Noram Drilling AS Announces Cash Distribution for June 2024, Payable on or About June 21, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for June 2024. Distribution amount: USD 0.04 per share. Date of approval: June 10, 2024. Ex-date: June 14, 2024. Record date: June 17, 2024. Payment date: On or about June 21, 2024. Board Change • May 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 16
NorAm Drilling AS to Report Q1, 2024 Results on May 21, 2024 NorAm Drilling AS announced that they will report Q1, 2024 results After-Market on May 21, 2024 Announcement • May 11
Noram Drilling AS Announces Cash Distribution for May 2024, Payable on or About May 24, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 1.7 million for May 2024. Distribution amount: USD 0.04 per share. Date of approval: May 8, 2024. Ex-date: May 14, 2024. Record date: May 15, 2024. Payment date: On or about May 24, 2024. Announcement • Apr 11
Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024 NorAm Drilling AS approved monthly cash distribution of approximately USD 1.7 million for April 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount is USD 0.04 per share. Ex-date is April 16, 2024. Record date is April 17, 2024. Payment date is On or about April 22, 2024. Board Change • Mar 13
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 08
Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024 NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for March 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Key information: Distribution amount: USD 0.05 per share. Declared currency: USD. Payment to shares registered with Euronext VPS will be distributed in NOK (3) Date of approval: March 7, 2024. Last day including right: March 11, 2024. Ex-date: March 12, 2024. Record date: March 13, 2024. Payment date: On or about March 18, 2024. New Risk • Feb 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 3.8% per year for the foreseeable future. Minor Risk Short dividend paying track record (1 year of continuous dividend payments). Declared Dividend • Feb 12
Dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 13th February 2024 Payment date: 19th February 2024 Dividend yield will be 22%, which is higher than the industry average of 2.7%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Announcement • Feb 09
Noram Drilling AS Announces Cash Distribution for February 2024, Payable on or About February 19, 2024 The Board of Directors of NorAm Drilling AS approved a monthly cash distribution of approximately USD 2.2 million for February 2024. The distribution will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Distribution amount: USD 0.05 per share. Last day including right: February 12, 2024. Ex-date: February 13, 2024. Record date: February 14, 2024. Payment date: On or about February 19, 2024. Board Change • Feb 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Jan Klepsland was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 15
NorAm Drilling AS to Report Q4, 2023 Results on Feb 29, 2024 NorAm Drilling AS announced that they will report Q4, 2023 results on Feb 29, 2024