Reach Subsea

Earnings Release • Apr 8, 2025

Reach Subsea ASA: Approved 2024 statement and order backlog growth

Reach Subsea ASA: Approved 2024 statement and order backlog growth

Haugesund, 08 April 2025: The financial statements of the full year 2024 have today been approved by the Board, and there are no changes from the fourth quarter 2024 reporting. Publication of the full annual report will follow the financial calendar on 30 April 2025.

The Q4 2024 report was published on 12 February 2025, showing an order backlog of NOK 1.2 billion at the time. As of today, our order backlog has increased to NOK 1.85 billion, which is 15% higher than at the same time a year ago (NOK 1.60 billion).

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For more information please contact:

Birgitte Wendelbo Johansen

Chief Financial Officer

Reach Subsea ASA

bwj@reachsubsea.no

About Reach Subsea:

Reach Subsea ASA delivers high-quality solutions and technology to clients requiring ocean data and services. With operations across Norway, the US, the UK, Cyprus, Singapore, Trinidad, Brazil, and Australia, our goal is to be the preferred partner and full-service provider of ocean services, prioritizing safety, environmental responsibility, financial stability, and profitability. Guided by our vision, ‘Sustainable access to ocean space’, we remain committed to developing sustainable solutions that align with the key interests of our stakeholders.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jorunn Håvardsholm, Communications and Marketing Director at Reach Subsea AS on the time and date

provided.