Shearwater company presentation and selected preliminary Q4 2025 figures

25 Feb 2026 07:49 CET

Oslo, 25 February 2026: Kristian Rådal, Head of Investor Relations of
Shearwater Geoservices AS ("Shearwater") will today present at the annual SB1
Markets Energy Conference.

Included in the presentation are selected preliminary Shearwater Geoservices
AS Group figures for the fourth quarter and full year 2025. These may may be
subject to adjustment without further notice. Shearwater will publish its
fourth quarter financial results on 27 February 2026.

· Q4 EBITDA of USD 44 million
· 2025 full-year EBITDA of USD 119 million
· Leverage ratio at 31 December 2025 of 4.6x
· 8.4 active vessels during 2025
· Q4 Multi-client segment revenue of USD 49 million
· Backlog of USD 335 million mid-February 2026
The company presentation is attached hereto and available under the Investor
section at www.shearwatergeo.com.

For further information, please contact
Kristian Rådal, Head of Investor Relations, phone +47 99 23 61 58

About Shearwater:
Shearwater is a global marine geoscience and technology business that
specialises in collecting data offshore. The organisation uses state-of-the
art seismic vessels and equipment to explore beneath the seabed and processes
the data using market-leading proprietary software. These insights help
clients understand the Earth and make informed decisions about accelerating
responsible use of its resources. Shearwater's headquarters is in Bergen,
Norway, with more facilities all around the globe. The company employs around
1,000 people.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-02-25 07:49 CET.

More information:
Access the news on Oslo Bors NewsWeb site

666662_Shearwater SB1 Markets Energy Conference 2026.pdf