Every morning at 06:40, a ferry leaves the Oslofjord terminal whether the coast is clear or not. In FY2026 that ferry, and thirty-three others like it, carried six point one million of our neighbours, tourists and freight to where they needed to be. It is the quiet arithmetic of a coastline, and it is the best work we do.
This was the year the network grew up. We took delivery of our first hydrogen express boat and put it on the Tromsø to Alta run, and we finished the shore-power retrofit that lets our Bergen and Oslo ferries berth without an engine running1. Emissions per passenger-kilometre fell to roughly forty grams, down from fifty-five two years ago - a decline we can trace, gram by gram, to the fuel we changed and the routes we balanced2.
The money held up. Revenue reached five point nine four billion kroner and EBITDA hit its highest level in the company's recent history, which is no small thing for an operator whose costs are fuel, crew and the weather. We paid our people a real raise, we kept fares stable on the six socially essential routes the county asked us to protect3, and we still returned capital to the owners who fund the ships.
I want to be plain about what the forty-gram figure does not say. It excludes the supply chain that makes our fuel and the methane that leaks from it, and it says nothing of methane slip, which we are now measuring rather than guessing4. A honest report keeps those omissions visible, and this one does.
None of this happens on its own. To the 3,400 people who stand watch on these decks, to the board that steers with patience, and to the passengers who trust us with their journeys: thank you. We will keep the coast on time.