Floatel International: Business update

30 Jul 2025 18:06 CEST

Oslo, July 30, 2025

The Company is pleased to present its Q2-2025 business update.

HIGHLIGHTS

• Floatel Triumph has been awarded a contract offshore Australia for
approximately 35 days with expected commencement in the fourth quarter 2026.

• Floatel Victory has secured a letter of intent to provide services offshore
Brazil for 3-6 months starting in the first quarter 2026.

• The sale of Floatel Reliance was completed on May 27, 2025.

• Fleet utilization excluding Floatel Reliance was 100% during the second
quarter, and the firm order book as of June 30, 2025, was USD 341m.

• Recurring EBITDA: USD 34.2m in the quarter.

• Capex: USD 5.4m in the quarter.

• Operating Cash flow: USD 10.6m in the quarter.

The 2025 half-year interim report will be released on August 26, 2025, and
management will host a conference call the same day, at 15.00 CEST, to present
the results. Interested persons can register using the details to be provided on
the website https://floatel.no/investors at least 14 days before the conference
call.

For further information, please contact:
Peter Jacobsson, CEO, +47 934 00 232
Tomas Hjelmstierna, CFO, +47 934 00 381
Tel: +47 46 50 01 33
Email: ir@floatel.no

More information:
Access the news on Oslo Bors NewsWeb site

651881_FI Business Update Q2-2025.pdf