Release of First Quarter 2025 Results

15 May 2025 07:00 CEST

Bergen, Norway, 15 May 2025. M Vest Water (MVW) today published the financial
results for the first quarter of 2025.

Key summary:

* Contract award from a global leader in the aquaculture industry to upgrade
the customer's salmon slaughterhouse water treatment system.
* Saudi Aramco has decided to pilot NORWAPOL® and NORWAFLOC® at the largest
offshore oilfield in the world.
* Strong tender portfolio, revenue in line with expectations and growth in
recurring revenue.
* Exclusive Agent Agreement with Invest Support Company for market penetration
in Qatar, Bahrain, Oman and the Emirates.
* MVW and VEBIRO started commercial implementation of NORWAFLOC® in municipal
dredging and Sand & Gravel washing operations in Germany.
* MVW signs long-term Frame and Cooperation Agreement with Verde Vision GmbH
for delivery of NORWAFLOC® in agricultural manure recycling operations in
Germany.

The Executive Chairman, Tor Olav Gabrielsen, comments; "The positive momentum
from last year has continued into the first quarter of 2025. We are delivering
on our strategic targets, the revenue for the quarter is in line with our
expectations and we anticipate further growth throughout the year."

Executive Chairman Tor Olav Gabrielsen and CFO Morten Hilton Thomassen will
present the company's results today on Thursday, May 15th, 2025, at 10:00 CET,
and invite investors, analysts, and other stakeholders to join the
presentation.

Register for the presentation by using the following link:

https://us06web.zoom.us/webinar/register/WN_Yr-5QcpmQeujHC4GIdhVPg#/registration

Expected duration: 30 minutes including Q&A.

The recording of the webcast and the presentation material will be published
on MVW's website afterwards.

Contact
For further information, please contact:

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About Us
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as
well as the Municipal markets. The products are non-toxic, biodegradable and
without any harm to the environment. It obtains the highest degree of
purification in a cost-efficient arrangement.

M Vest Water is listed on Euronext Growth under the ticker MVW.
For more information, visit www.mvestwater.com.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-05-15 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

646426_Q1 Report 2025.pdf