Reach Subsea ASA: Approved 2024 statement and order backlog growth

08 Apr 2025 15:35 CEST

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.

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