OceanPact Serviços Marítimos S.A. reported earnings results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company reported sales was BRL 459.16 million compared to BRL 462.55 million a year ago. Net loss was BRL 22.14 million compared to net income of BRL 20.62 million a year ago. Basic loss per share from continuing operations was BRL 0.11 compared to basic earnings per share from continuing operations of BRL 0.1 a year ago. Diluted loss per share from continuing operations was BRL 0.11 compared to diluted earnings per share from continuing operations of BRL 0.1 a year ago.
For the full year, net loss was BRL 15.6 million compared to net income of BRL 73.32 million a year ago. Basic loss per share from continuing operations was BRL 0.0786 compared to basic earnings per share from continuing operations of BRL 0.3701 a year ago.
Oceanpact Servicos Maritimos SA is a Brazil-based provider of maritime services. The Companyâs activities are divided into three business units: Environment, Subsea and Logistics and Engineering. The Environment division is dedicated to protection services, oceanographic surveys, environmental licensing and studies, operational safety and environmental remediation. The Subsea unit is focused on geophysics, geotechnics, inspection, repair and maintenance services, as well as on support to construction and decommissioning of offshore developments. The Logistics and Engineering division provides services related to maritime logistics, offshore support bases, port and coastal engineering, civil and industrial construction, maritime and ports works, dredging and facilities and industrial cleaning. The Company serves customers mainly in the oil and gas, energy and telecommunications sectors.
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