Fjord Defence Group ASA

Earnings Release • Feb 20, 2025

Aquila Holdings announces Q4 2024

Aquila Holdings announces Q4 2024

Oslo, 20 February 2025

EVENTS DURING THE QUARTER

• Fair value of multi-client library USD 22.0 million

• Fair value of investment portfolio USD 4.3 million

• Available liquid funds of USD 5.0 million*

• Reduction in tax liability in Egypt of USD 2.8 million due to mainly currency gain

• Cash earnings (loss) for the quarter (USD 0.8) million**

• Net asset value NOK 1.42 per share

* Bank deposits, net trade receivable and marketable securities

** Revenue, cost of sales, SG&A

The fourth quarter 2024 report and presentation will be available at Aquila Holdings ASA (www.aquilaholdings.no) and Oslo Stock Exchange (www.newsweb.com).

For further information, please contact: Kristian Zahl Interim CEO kristian.zahl@aquilaholdings.no +47 996 10 117

About Aquila Holdings

Aquila Holdings ASA ("AQUIL") is a Norwegian seismic multi-client and investment company listed on Euronext Expand. Aquila Holdings specializes in 3D ocean bottom node seismic multi-client data for near-field exploration. The company holds two key seismic multi-client assets, one in Norway and one in Egypt. Aquila Holdings also has an investment arm, with focus on investments in listed companies as well as companies expected to be listed. More information on www.aquilaholdings.no

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