Solstad Offshore ASA: Presentation of Fourth Quarter and Full Year 2025 results

12 Feb 2026 07:00 CET

Skudeneshavn, 12 February 2026

Solstad Offshore ASA (SOFF) is pleased to present its financial results for the
fourth quarter and full year 2025.

CEO Lars Peder Solstad states:

"We delivered a quarter with solid activity across the fleet. Although two
vessels were between contracts, they are positioned to contribute positively to
our 2026 results."

· Adjusted EBITDA of USD 35 million in the quarter compared to USD 44 million
same quarter last year. USD 126 million for full year 2025 compared to USD 132
million in 2024.

· New 4-year contract for Normand Topazio and 1-year extension for Normand
Turquesa increases the backlog, and contributes to a total order intake of USD
84 million in the quarter.

· Proposal to distribute cash dividend of USD 0.05/share, totaling
approximately USD 4 million, to be approved in an extraordinary general meeting.

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.

More information:
Access the news on Oslo Bors NewsWeb site

665511_Solstad_Offshore_Q4_2025_Presentation.pdf