Release of Third Quarter 2025 Results

18 Nov 2025 07:00 CET

M Vest Water (MVW) today published the financial results for the third quarter
of 2025.

Highlights:

* Chemical sales grew by 33% compared to 3Q 2024 (79% compared to YTD 2024),
strengthening both margins, EBITDA and the foundation for recurring revenue.

* Purchase order from METHA for the Long-Tem Trial in Q4 2025.

* Two follow-up orders from existing customers: a second NORWAPOL® retrofit at
a Norwegian oil terminal and an optimization project at SAR Mongstad, both
following two years of successful operations.

* Our sensor-based and adaptive chemical treatment technology, implemented at
a Norwegian salmon slaughterhouse in Q2 2025, has demonstrated stable
operation and high purification efficiency.

* Strong development in opportunities and tender activity.

* Private Placement completed at a subscription price 25% above the recent
market trading price, raising NOK 8 million in gross proceeds and converting
an additional NOK 12.6 million in shareholder loans.

The Executive Chairman, Tor Olav Gabrielsen, comments "By the end of the third
quarter, our production volumes had increased to 250,000 liters, representing
a 67% year-over-year growth. Sales of our NORWAFLOC® products rose to NOK 14.5
million, a 79% increase compared to the same period last year. This growth was
primarily driven by the aquaculture segment, confirming the profitability of
this market. Our goal is to achieve similar profitability across our other
segments. The strong pipeline of pilots and tenders within the dredging and
oil & gas sectors provides a solid foundation for further growth. Notably,
long-term pilot with the dredging company METHA at the Port of Hamburg is
progressing according to plan, while promising projects in the Middle East
represent significant long-term opportunities for MVW. The recent Private
Placement, completed at a 25% premium, reflects our shareholders' confidence
in our technology, and the proceeds will provide working capital to advance
our ongoing projects."

Executive Chairman Tor Olav Gabrielsen and CFO Morten Hilton Thomassen will
present the company's results today on Tuesday, November 18th, 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:

Microsoft Virtual Events Powered by Teams
(https://events.teams.microsoft.com/event/524f606f-49f5-4bcd-bd0e-ca16e13951b2@c
288c771-c0e2-4e8c-b1ef-7e1ca1e5d216)

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
2025-11-18 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

659906_Q3 Report 2025.pdf