Solstad Maritime ASA

Earnings Release • Jul 14, 2025

Solstad Maritime ASA financial report for Q2 & 1st half year 2025

Solstad Maritime ASA financial report for Q2 & 1st half year 2025

Skudeneshavn, 14 July 2025

Solstad Maritime ASA (SOMA) is pleased to present its first Second-quarter and

half-year results 2025 as a listed company on Euronext Oslo Børs.

CEO Lars Peder Solstad stated: "Despite a very high level of planned maintenance

on our vessels in first half year, efficient operations and a growing portfolio

of long-term contracts resulted in a solid quarter. The long-term outlook

remains positive."

· Adjusted EBITDA of USD 78 million compared to USD 77 million same quarter

last year

· Utilization of 78% in the quarter compared to 82% same quarter last year.

Planned maintenance activity in 1H25 has been extraordinary high and is the main

driver for the reduced utilization

· Net result of USD 44 million compared to USD 28 million same quarter last

year

· Several new long-term contracts entered into in Brazil with commencement in

Q1 2026, contributing towards a total order intake of USD 267 million in the

quarter equaling a book-to-bill ratio of 1.8x

· Distributes cash dividend of USD 0,075/share, totaling approximately USD 35

million

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Maritime ASA

https://solstad-maritime.com

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.