BW Offshore reported Q2 2026 EBITDA of USD 62.5 million and first-half EBITDA of USD 110.4 million, with operating cash flow of USD 41.5 million and USD 84.8 million, respectively. The company recorded a Q2 net loss of USD 102.1 million and a first-half loss of USD 78.7 million after recognising a non-cash USD 125 million impairment on BW Opal; underlying first-half net profit excluding the impairment was USD 46.6 million. BW Opal is producing at 85% of nameplate capacity, but technical issues in third-party equipment have moved Practical Completion to Q2 2027 and are expected to require approximately USD 65 million of incremental investment. BW Offshore reduced 2026 EBITDA guidance to USD 250-280 million from USD 310-340 million, extended BW Catcher to the end of 2030, adding approximately USD 490 million to firm backlog, and signed FEED with Equinor for the Bay du Nord FPSO project. A dividend notice specified a Q2 2026 cash dividend of USD 0.0625 per share, with payment and delivery of Dividend Shares scheduled for on or about 7 September 2026.