Electromagnetic Geoservices (EMGS) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.
The Atlantic Guardian was redelivered to her owners at the expiry of the current charter period on 20 October 2025.
The utilization for the fourth quarter was 0% compared with 31% for the fourth quarter 2024.
Multi-client revenues in the fourth quarter
The Company expects to recognize USD 3.5 million in multi-client prefunding revenue in the fourth quarter of 2025. The prefunding revenue in the fourth quarter includes fully prefunded surveys acquired in the third quarter of 2025, for which final data delivery was made in the fourth quarter of 2025.
EMGS will publish its fourth quarter 2025 financial results on Thursday 12 February 2026 prior to 07:30 local time (Norway).
Source: EMGS
