Business Update Q2 2026

The Company is pleased to present its Q2-2026 business update.

HIGHLIGHTS

• Floatel Victory’s announced Letter of Intent to provide MSU services in Brazil summer 2026 was converted into a 3-month firm assignment plus one month option at the Equinor Bacalhau field which commenced Jun 8, 2026.

• Fleet utilisation stood at 100% during the second quarter, and firm orderbook as of June 30, 2026, was USD 294 million.

• Recurring EBITDA: USD 36.6 million for the quarter.

• Capex: USD 4.1 million for the quarter.

• Operating Cash flow: USD 15.0 million for the quarter.

• Cash: USD 49.0 million at the end of the quarter.
  
  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
  
  This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.