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Hunter Group ASA

Report Publication Announcement Aug 22, 2024

3626_rns_2024-08-22_786741a8-cd78-474b-917e-903a1e08e01d.html

Report Publication Announcement

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Hunter Group ASA - Second quarter results 2024

Hunter Group ASA - Second quarter results 2024

Oslo, 22 August 2024

Please see the enclosed report for further information.

Financial highlights - Q2 2024:

+------------------------------+-------------+

|Net TC result (loss) | USD (1.54m) |

+------------------------------+-------------+

|Unrealized gain on TC position| USD 1.52m |

+------------------------------+-------------+

|Total operating expenses | USD (0.54m) |

+------------------------------+-------------+

|Operating profit (loss) | USD (0.56m) |

+------------------------------+-------------+

|Net profit (loss) | USD (0.36m) |

+------------------------------+-------------+

| | |

+------------------------------+-------------+

|Avg. spot-linked TC-out rate |USD 43,270/d |

+------------------------------+-------------+

|Avg. fixed TC-in rate |USD 51,750/d |

+------------------------------+-------------+

|Avg. TC-margin (loss) |USD (8,480)/d|

+------------------------------+-------------+

|Vessel days | 182 / 182 |

+------------------------------+-------------+

| | |

+------------------------------+-------------+

|Cash and working capital | USD 19.16m |

+------------------------------+-------------+

Contact:

Erik A.S. Frydendal, CEO, ef (a) huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb (a) huntergroup.no, Ph.: +47 932 60 882

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

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