Start-up costs associated with the Reach Remote concept were cited by the company as another factor for the softer results. Chief Executive Officer Jostein Alendal stated, “We are not satisfied with the results of this quarter, nor the second half of 2025.”
Alendal explained that while the figures reflect a market slowdown, the firm is sharpening its efforts accordingly. Reach Subsea said it is focused on advancing its long-term strategy by investing in its robotisation programme.
The company confirmed that Reach Remote 1 and Reach Remote 2 have demonstrated operational performance in demanding environments across multiple time zones. Delivery of the two vessels was taken in 2025 as the model moved from concept to commercial reality.
The company reported that the order backlog stands at NOK1.2 billion with a tender volume of NOK10 billion. A clear increase in interest for the remote concept was noted by the firm through rising tender volumes.
