Soiltech — Investor Presentation 2026

Feb 19, 2026

Fourth quarter and
Full-year 2025
Presentation
19 February 2026

AN INNOVATIVE
TECHNOLOGY LEADER
IN WASTE MANAGEMENT

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DISCLAIMER

SOILTECH

This presentation (the "Presentation", which term shall be interpreted to include references to this document, the presenters' speeches, the question-and-answer session and any other related verbal or written communication) has been prepared by Soiltech ASA (the "Company" or "Soiltech"), a company with shares admitted to trading on Euronext Expand.

All the information herein has been prepared by the Company solely for use in relation to this Presentation. The information contained herein does not purport to contain all information concerning the Company. No party has made any kind of independent verification of any of the information set forth herein if not specifically expressed in the Presentation, including any statements with respect to projections or prospects of the business or the assumptions on which such statements are based. The Company does not make any representations or warranty, express or implied, as to the fairness, accuracy, reliability, completeness or correctness of this presentation or of the information contained herein. The information contained in this Presentation is current as of the date hereof and should be considered in the context of the circumstances currently prevailing and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. Neither the Company, nor any of its subsidiary undertakings or affiliates or any such person's directors, officers, employees, advisors or representatives (collectively the "Representatives") shall have any liability whatsoever arising directly or indirectly from the use of this Presentation or in any other written material furnished or information orally transmitted to a recipient of this Presentation.

Included in this Presentation are various "forward-looking statements", including statements regarding the intent, opinion, belief or current expectations of the Company or its management. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and outcomes to be materially different from any future results, performance or outcomes expressed or implied by such forward-looking statements, including, among others, risks or uncertainties associated with the Company's business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation. An investment in the Company and its shares involves risks, and several factors could cause the actual results, performance or achievements of the Company as described herein to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation. Reference is made to the risk factors included in the listing prospectus published by the Company in relation to the listing on Euronext Expand, available on www.soiltech.no.

This Presentation is not a prospectus or similar registration document and does not constitute or form an offer to sell, or a solicitation of an offer to purchase, any securities in any jurisdiction, and neither the issue of this Presentation nor anything contained herein shall form the basis of or be relied upon in connection with, or act as an inducement to enter into, any investment activity. This Presentation should not be considered as a recommendation by the Company, or any other person in respect of the Company, including any affiliated companies or successors, to invest in its securities.

This Presentation is governed by Norwegian law and any disputes related to it are subject to the ordinary courts of Norway.

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AGENDA

SOILTECH

1. HIGHLIGHTS
2. Operational Highlights / Markets
3. Financial review
4. Outlook

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SOILTECH

SOILTECH DELIVERS STRONG RESULTS IN THE QUARTER AND CONSIDERS UPLISTING TO EURONEXT OSLO BØRS

A SOLID QUARTER

• Q4 revenue of 102 million
• Q4 EBITDA adj. of NOK 27 million
• Q4 profit before tax of NOK 13 million

GOOD PERFORMANCE ACROSS OPERATIONS

• Q4 revenues in line with previous quarter
• Improved profitability with highest margins of 2025
• Strong effort by the team and tight cost control

LISTING ON EURONEXT OSLO BØRS

• Considering uplisting from Euronext Expand
• Strengthening investor visibility
• Improving liquidity in the shares

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AGENDA

SOILTECH

1. Highlights
2. OPERATIONAL HIGHLIGHTS / MARKETS
3. Financial review
4. Outlook

5

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OPERATIONAL HIGHLIGHTS / MARKETS

SOILTECH

SEVERAL KEY CONTRACT AWARDS IN Q4 AND POST QUARTER

• Saudi Arabia: Fluid treatment (STT) contract with Estedama Environmental Solutions
• Dubai: Multi-year Fluid treatment (Swarf) contract with Wellbore Integrity Solutions
• Netherlands: Fluid treatment (STT) and solid waste management contract on Noble Resolute with Noble Corporation
• NCS: Fluid treatment (STT), onshore waste handling and associated services on Deepsea Yantai with DNO, Wellesley and Well Expertise
• NCS: Fluid treatment (STT) on a floater
• NCS: Fluid treatment (STT), onshore waste handling and associated services on West Elara for Total Energies EP Norge AS

MIDDLE EAST POTENTIAL

• Regional activity increasing
• Saudi Arabia and Dubai entries are key milestones
• The outcome of sustained efforts in the region
• Cooperation with industrial partners Estedama Environmental Solutions / Wellbore Integrity Solutions
• Supporting Saudi Arabia's 2030 Vision

EUROPE & REST OF THE WORLD

• Long-term demand visibility in Norway better than in many years
• Growth opportunities in selected markets

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CONTRACT STATUS NORWAY

SOILTECH

NORWAY			2026				2027				2028				2029				2030
Rig Name	Rig Type	Client	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Askeladden	Jackup	Equinor
Askepott	Jackup	Equinor
Oseberg B	Platform	Equinor
Oseberg Sør	Platform	Equinor
Heidrun	Platform	Equinor
Visund	Platform	Equinor
Grane	Platform	Equinor
Njord B (Call Out)	FSU	Equinor
Njord A	Platform	Equinor
Deepsea Stavanger	Semisub	Odfjell Drilling
COSL Promoter	Semisub	COSL Drilling
Noble Invincible	Jackup	Noble Drilling
Noble Integrator	Jackup	Noble Drilling
Deepsea Aberdeen	Semisub	Odfjell Drilling
Deepsea Atlantic	Semisub	Odfjell Drilling
Deepsea Yantai	Semisub	SMC, Waterley
Deepsea Bollsta	Semisub	Northern Ocean
Transocean Enabler	Semisub	Transocean
Transocean Spitsbergen	Semisub	Transocean
Shelf Drilling Barsk	Jackup	Shelf Drilling
Shelf Soms	Jackup	Soms
Stokes	SPOT	Under Sight

Note: Contract start, and duration is Soiltech's best estimate. Contracts normally follow the rig's contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity.

New since last update
Firm

Option
Completed since last update: None

Source: Company

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CONTRACT STATUS INTERNATIONAL

SOILTECH

INTERNATIONAL				2026				2027				2028				2029				2030
Rig Name	Rig Type	Client	Location	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
Swift 10	Jackup	Wintershall Dea/One Dyas	Netherlands
Mariner A	Platform	Odfjell Technology	UK
Transocean Barents	Semisub	OMV Petrom	Romania
Noble Recilient	Jackup	Petrostar	UK
Noble Resolute	Jackup	Noble Eni	UK
Various	On land	Estedama Environmental Solutions	Saudi Arabia
TBN	Jackup	Wellbore Integrity Solutions	UAE

New since last update
Firm
Option
Completed since last update: None

Note: Contract start, and duration is Soiltech's best estimate. Contracts normally follow the rig's contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity.

Source: Company

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AGENDA

SOILTECH

1. Highlights
2. Operational Highlights / Markets
3. FINANCIAL REVIEW
4. Outlook

9

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SOILTECH

FOURTH-QUARTER AND FULL-YEAR 2025 RESULTS

FOURTH QUARTER 2025

• Revenues of 102 million, +26% year on year (YoY)
• EBITDA adj. of NOK 27 million, +6% YoY
• EBITDA adj. margin of 27%, up from 26% YoY
• Profit before tax of NOK 13 million, down from NOK 15 million YoY
• Profit before tax margin 13%, down from 19% YoY

FULL-YEAR 2025

• Revenues of 401 million, +46% year on year (YoY)
• EBITDA adj. of NOK 96 million, +51% YoY
• EBITDA adj. margin of 24%, up from 23% YoY
• Profit before tax of NOK 41 million, up from NOK 11 million YoY
• Profit before tax margin 10%, up from 4% YoY

Revenue / Business segments

• Fluid treatment NOK 215 million + 11% YoY, 54% of total revenue
• Solid waste management NOK 186 million +132% YoY, 46% of total revenue
• Commercial uptime 100% across all projects

Historical trend

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KEY FINANCIALS

SOILTECH

INCOME STATEMENT

(MNOK)	Q425	%	Q424	%	FY25	%	FY24	%
Revenue	102		81		401		274
Operating cost	57		40		242		158
Gross profit	44	44 %	41	51 %	159	40 %	116	42 %
SG&A	17	17 %	15	19 %	63	16 %	53	19 %
EBITDA adj.	27	27 %	26	32 %	96	24 %	63	23 %
Adjustments*	-1		-0		-4		1
EBITDA	26		26		92		64
Depreciation	9		7		32		23
Merger & IPO expenses	-		0		-		18
Operating profit	17	17 %	19	23 %	60	15 %	24	9 %
Net financial items	4		3		18		13
Profit before tax	13	13 %	15	19 %	41	10 %	11	4 %

*Adjustments are non-cash cost related to share incentive scheme

FINANCIAL METRICS

(MNOK)	Q425	YTD25
Earnings per share (EPS)	NOK 1.21	NOK 3.97
Return on capital employed (ROCE)	-	15 %
NIBD/EBITDA (12 month rolling)		2.27

ROCE = (Operating profit + Adjustments + Merger & IPO expenses) last 12 months / (Total assets – Current liabilities), average last 12 months
EPS = Profit after tax / weighted average number of shares in the period

BALANCE SHEET

(MNOK)	31 Dec25	31 Dec24
Total assets	591	434
Current liabilities	96	70
Non-current liabilities	249	159
Total equity	246	205
Total equity and liabilities	591	434
Equity ratio %	42 %	47 %

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S OILTECH

CASHFLOW FULL-YEAR 2025

MNOK

Cashflow from investing activities

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AGENDA

SOILTECH

1. Highlights
2. Operational Highlights / Markets
3. Financial review
4. OUTLOOK

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OUTLOOK

SOILTECH

• Solid order backlog and strong financial position strong basis for further growth
• Activity in first quarter 2026 expected to be in line with fourth quarter 2025, followed by higher activity levels from Q2 and onwards
• Market visibility in core markets Europe and Middle East remains good
• Ongoing technology and market initiatives expected to add value
• Stricter environmental regulations worldwide continue to be a key growth driver

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Contact: Tove Vestlie CFO / Investor Relations
Email tove.vestlie@soiltech.no
Mobile +47 90690648

SOILTECH
Soiltech ASA
Koppholen 25,
4313 Sandnes, Norway
www.soiltech.no