Eidesvik Offshore — Earnings Release 2024

Feb 18, 2025

EIOF – Q4 and preliminary full year financial results

EIOF – Q4 and preliminary full year financial results

Eidesvik Offshore ASA (the “Company”) publishes its fourth quarter 2024 results.

For Q4, revenue and EBITDA were NOK 186.8 million and NOK 57.7 million respectively. EBITDA margin was 31%. Operating profit (EBIT) was NOK 10.7 million and result after taxes was NOK 11.3 million.

For preliminary FY2024, revenue and EBITDA were NOK 775.1 million and NOK 304.2 million respectively. EBITDA margin was 39%. Operating profit (EBIT) was NOK 124.3 million and result after taxes was NOK 103.7 million.

Fleet utilisation for the quarter was 93% and 96% for FY2024.

A presentation of the results will be held on 18 February 2025, at 08:30 am CET by CEO Helga Cotgrove and CFO Lars Tufteland Engelsen. The presentation will be digital. Please register for the presentation by e-mail to investor.relations@eidesvik.no within 18 February 2025, at 08:00 am.

The full report and the corresponding presentation are attached to this notification and available for download from the Company’s website https://eidesvik.no/investor-relations/.

Bømlo, 18 February 2025

Contacts:

CEO Helga Cotgrove (+47 907 35 246)

CFO Lars Tufteland Engelsen (+47 476 34 045)

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