Fjord Defence Group ASA — Earnings Release 2025

Jun 19, 2025

Update on revenue from seismic business

Update on revenue from seismic business

Oslo, 19 June 2025

Aquila Holdings ASA is pleased to announce that it has entered into agreements expected to generate aggregate revenues of approximately USD 880,000 from its seismic business. This revenue has no associated direct costs. The revenue will be recognized in the second quarter of 2025 and reflects the steady demand for Aquila’s 3D ocean bottom node seismic multi-client data.

We view this development as a positive step in strengthening our financial performance and advancing our new strategic objectives. With key seismic multi-client assets in Norway and Egypt, Aquila Holdings remains well-positioned to meet the needs of the energy sector and deliver value to our shareholders.

For further information, please contact: Kristian Zahl CEO (interim)

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.