DOF Group - Earnings Release 2026

DOF Group ASA - Financial Report for 1st quarter 2026

DOF Group ASA's ("DOF" or the "Group") revenue for 1st quarter (management

reporting) totals USD 502 million (USD 428 million) and EBITDA totals USD 175

million (USD 158 million). The operating profit (EBIT) is USD 105 million (USD

99 million). Net financial cost amounts to USD 1 million (USD 8 million),

including unrealised currency gain of USD 32 million (gain USD 53 million). The

result after taxes is USD 69 million (USD 75 million). The Group's net interest

-bearing debt is USD 1,536 million (USD 1,383 million). The equity is USD 2,048

million (USD 1,861 million) giving an equity ratio of 49% (49%).

Key Highlights in 1st quarter

. The Group delivered EBITDA of USD 175 million (USD 158 million)

. Utilisation of 82% (83%)

. The NIBD/LTM EBITDA is 1.9x

. Dividend for the quarter of USD 0.37 per share declared

. Firm backlog by end March is USD 4.9 billion (USD 3.1 billion), and USD 6.9

billion including contracts after balance date.

Note: all numbers commented above are based on management reporting.

Please see enclosed 1st quarter Financial Report 2026 and presentation.

A webcast, followed by a Q&A session, will be available on Friday, 22 May at

14:00 CET on www.dof.com/webcast.

Contact information:

Martin Lundberg, CFO, DOF Group ASA

Phone: +47 91 62 10 57

About DOF:

DOF Group ASA (OSE ticker: DOFG) is a leading provider of offshore and subsea

services to the offshore energy industry. The company owns and operates a fleet

of modern offshore/subsea vessels which is combined with strong engineering

capabilities to provide integrated offshore services globally.

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