Philly Shipyard ASA: Annual Report for 2022

PHILADELPHIA – March 28, 2023 – Philly Shipyard ASA today publishes its Annual Report for 2022, which includes the annual accounts, the auditor’s report for 2022 and the corporate governance report.

The report is attached and is also available on www.phillyshipyard.com/investors/financial-reports.

Philly Shipyard has also published its annual financial statements in European Single Electronic Format (ESEF), available as an attachment to this release.

Media & Investor Contact:
Matt Cassidy
Communications Supervisor
Tel.: +1 215-875-2600
E-mail: matthew.cassidy@phillyshipyard.com

About Philly Shipyard

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 Oslo Stock Exchange (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, please visit www.phillyshipyard.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.