Latest Reach Subsea News & Updates

See the latest news and media coverage for Reach Subsea. We track all announcements, press releases, and industry mentions in real time, all in one place.

Reach Subsea

Subsea survey, monitoring and ocean services provider

reachsubsea.no

Headquarters: Haugesund, Norway
Founded year: 2008
Company type: Public company
Number of employees: 510–1,000
Industry: Oil Related Services and Equipment

Last updated August 18

Latest news about Reach Subsea

In short: Reach Subsea posted strong Q2 2026 results, sold Viking Reach, and expanded its uncrewed fleet and contracts.

Company announcements

August 18 Reach Subsea

Reach Subsea reports strong Q2 2026 financial results with increased revenue and EBIT

Revenue rose to NOK 988.1 million and order backlog hit NOK 1.85 billion. The company is selling Viking Reach and scaling its standalone remote operations unit.

August 4 Reach Subsea

Reach Subsea agrees to sell Viking Reach and WROV

Eidesvik Reach, 49.9%-owned by Reach, signed with undisclosed buyer; completion in Q4 2026. Expected gains: NOK 30m WROV, NOK 40m ownership, liquidity over NOK 200m.

May 5 Reach Subsea

Reach Subsea reports weak Q1 2026 results

Revenue fell to NOK 551.4m and EBIT was NOK -192.1m. Reach Remote enters scale-up and a 2+1 year IMR LOI was announced.

February 26 Reach Subsea

Reach Subsea secures inspection contract with Equinor

The contract involves inspecting 3,500 km of pipelines using Reach Remote 1, fully certified. Operations start in Q2 2026.

Media coverage

July 2 Yahoo Finance

REACH SUBSEA (REACH.OL) Q1 FY2026 earnings call transcript

Earnings call Reach Subsea reported Q1 2026 revenue of NOK 551.4 million, down 21% YoY, with EBIT swinging to NOK -192.1 million from NOK 68.2...

May 6 GuruFocus

Q1 2026 Reach Subsea ASA Earnings Call Transcript

May 05, 2026 / 07:30AM GMTJostein Alendal - Reach Subsea - CEO Good morning, and welcome to our first quarter 2026 webcast for Reach Subsea...

February 12 Fiskeribladet

Reach Subsea scales up after solid result drop | Coastal Business | We create the coast together!

From 80 million kroner to -60 million kroner in one year for the listed company.

August 26, 2025 Investing.com

Reach Subsea Q2 2025 slides: Mixed quarter results amid record first-half performance

Reach Subsea (OB:REACH) presented its second quarter 2025 results on August 26, revealing a mixed performance with weaker quarterly numbers compared to the previous year...

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