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Caverton Reports Narrowing Quarterly Losses Amid Marine Business Growth

Caverton Offshore Support Group Plc reported a narrowed quarterly loss for the second quarter of 2026, signaling a potential shift toward recovery. While H1 revenue declined to N14.68 billion, the firm saw a 41.2% quarter-on-quarter revenue increase, driven by significant growth in its marine operations. Despite this improved operating momentum, the company remains loss-making with an H1 loss of N8.69 billion, heavily pressured by N8.37 billion in net finance costs and negative equity.

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