AKRRFPhilly Shipyard ASA

About Philly Shipyard ASA (AKRRF)

Philly Shipyard ASA (AKRRF) is a Aerospace & Defense company headquartered in Oslo, Norway whose shares trade over-the-counter on the Pink tier.

Philly Shipyard, Inc. (PSI) is a leading U.S. shipbuilder that is presently pursuing a mix of commercial and government work. It possesses a state-of-the-art shipbuilding facility and has earned a reputation as a preferred provider of oceangoing merchant vessels with a track record of delivering quality ships, having delivered around 50% of all large ocean-going Jones Act commercial ships since 2000. PSI is the sole operating subsidiary of Philly Shipyard ASA. Philly Shipyard ASA is listed on the Euronext Expand Oslo (Oslo: PHLY) and is majority-owned by Aker Capital AS, which in turn is wholly-owned by Aker ASA (Aker). Aker is an industrial investment company that exercises active ownership to create value. Aker has ownership interests in oil and gas, renewable energy and green technologies, maritime assets, marine biotechnology and industrial software, and its portfolio includes companies like Aker BP, Aker Horizons, Aker BioMarine, Cognite, and Aker Solutions. For more information about Philly Shipyard, visit www.phillyshipyard.com.

Products and services

Construction of newbuild ship projects and ship repair/maintenance services.

AKRRF key facts

Ticker symbol

AKRRF

Market tier

Pink

Sector

Industrials

Industry

Aerospace & Defense

Headquarters

Oslo, Norway

Country of incorporation

NO

Year of incorporation

2007

Employees

1,695

Estimated market cap

$25.15M (as of Apr 11, 2025)

Shares outstanding

12,574,766

Reporting standard

International Reporting: Oslo Bors

Audit status

Audited

Fiscal year end

12/31

Latest filing

Quarterly Report (Dec 31, 2024)

Philly Shipyard ASA leadership

• Steinar Nerbovik — President, CEO
• Jeffrey Theisen — CFO
• Kelly Whitaker — Vice President
• Kristine Damli — Vice President
• Dean Grabelle — General Counsel

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