Solstad Offshore ASA - Earnings Release 2025

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

Skudeneshavn, 14 July 2025

Solstad Offshore ASA (SOFF) is pleased to announce its financial results for Q2

CEO Lars Peder Solstad stated: "We have had a solid quarter with strong

operational and financial performance. With a solid order backlog and consistent

tender activity, the outlook remains positive."

· Adjusted EBITDA of USD 32 million in the quarter compared to USD 25 million

same quarter last year

· Utilization of 100% in the quarter compared to 97% same quarter last year

· Net result of USD 39 million compared to USD 4 million same quarter last

year

· Several new long-term contracts entered into in Brazil, contributing towards

a total order intake of USD 403 million in the quarter

· Based on the dividend announcement from Solstad Maritime, Solstad Offshore

will receive approximately USD 9,5 million in the quarter

· Solstad Offshore intends to initiate quarterly dividends based on Q3 2025

Contacts

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

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Offshore ASA

www.solstad.com

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

-12 of the Norwegian Securities Trading Act.

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