
Ulstein Group result 2025: Reports its strongest result since 2014
Ulstein Group recorded revenues of NOK 3.0 billion and an operating profit of NOK 219.2 million in 2025.
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Ulstein Group recorded revenues of NOK 3.0 billion and an operating profit of NOK 219.2 million in 2025.
Ulstein Verft has delivered Nexans Electra, a DP3 cable‑laying vessel (CLV), to Nexans. The vessel further strengthens Nexans’ capacity to support the global energy transition by installing advanced subsea power and communication cable systems.

How can you be confident that a new vessel design will actually perform in rough seas and demanding operations? The answer lies in thorough verification, independent testing and documented performance. Recently, a new Ulstein design for a cable-laying vessel was tested in a large-scale ocean basin at SINTEF Ocean. The results delivered exactly what Ulstein seeks: confidence that the design performs as intended.

Ulstein Verft's yard number 322, the CSOV Genesis Sea, is about to conclude a successful sea trial, a major milestone in the newbuild project.

OMS Group, a leading provider of subsea digital infrastructure, has signed contracts with Ulstein, a world-renowned designer and builder of advanced offshore vessels, for the design and construction of two cable-laying vessels.

At Ulstein Verft, the new year began with launching, lifting operations and docking of two offshore wind newbuilds.

The hull for yard number 323 arrived at Ulstein Verft on 6 December 2025. This marks another milestone in the construction of our next-generation offshore wind service vessel, which is the tenth TWIN X-STERN CSOV since 2022. The vessel is based on Ulstein’s proven SX222 design platform.

On 15 November 2025, Yard number 322 was successfully towed and positioned inside the dock hall at Ulstein Verft. The project is progressing according to plan, and key activities are now underway.

On 13 November 2025, the Nexans Electra cable laying vessel (CLV) was positioned quayside at Ulstein Verft, marking a major milestone in the vessel’s journey towards completion. During its time at Ulstein Verft, the vessel has been in a roofed, controlled environment, ensuring optimal conditions for work environment and precision painting.

The shipbuilding construction of Nexans Electra is approaching its final phase in the dock, before the comprehensive work continues quayside ahead of sea trials in spring 2026. How do you organise a staff of hundreds of workers, subcontractors and suppliers over several months to deliver the project on time and within budget? Join project manager Runar Toftesund at Ulstein Verft for a look behind the scenes.

5 September 2025 – Bernhard Schulte Offshore (BS Offshore) has taken delivery of its latest state-of-the-art Commissioning Service Operation Vessel (CSOV), WINDEA Clausius, yard number 321, from Ulstein Verft.

On Friday 15 August 2025, the hull for a new offshore wind service vessel of the CSOV type arrived at Ulstein Verft. This marks a new step in the process towards the completion of this state-of-the-art vessel, which has been developed to support energy-efficient offshore wind operations with high performance.

The hull of the state-of-the-art DP3 cable-laying vessel Nexans Electra arrived at Ulstein Verft on 5 July 2025. This marks the commencement of the outfitting and completion phase of the vessel. Upon completion in 2026, she will feature a split turntable on deck capable of holding up to 10,000 tonnes of cable, an under-deck turntable with a 3,500-tonne cable capacity, and a fibre optic tank with a 450-tonne capacity.

26 June 2025 – Bernhard Schulte Offshore (BSO) has taken delivery of the state-of-the-art, commissioning service operation vessel (CSOV) WINDEA Curie, yard number 320 from Ulstein Verft.

Ulstein Group recorded revenues of NOK 3.1 billion and an operating profit of NOK 198.8 million in 2024.