Second quarter and first half 2026 interim report and presentation

Floatel International Ltd (“Floatel”) presents its consolidated financial statements for the second quarter and half year 2026.

HIGHLIGHTS:

All units were on charter during the quarter with 100% utilisation

The orderbook excluding options and letters of intent was approximately USD 294 million as of June 30, 2026

Contracts update

• 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 June 8, 2026

Revenues were USD 79.2 million in the quarter and USD 116.5 million during the half year

Recurring EBITDA was USD 36.6 million in the quarter and USD 40.4 million during the half year

Operations update

·        Floatel Endurance was on hire for Aker BP for operations at the Skarv field on the Norwegian continental shelf during the entire quarter.

·        Floatel Superior was on hire for Vår Energi Jotun on the Norwegian continental shelf during the entire quarter.

·        Floatel Triumph’s charter with Woodside Scarborough ended May 8, 2026, and Shell Prelude started May 13, 2026, both assignments in Australia.

·        Floatel Victory was on assignment for Karoon at the Bauna field in Brazil until June 5, 2026, and for Equinor at the Bacalhau field, also in Brazil, from June 8, 2026, for the remainder of the quarter.

Management will host a conference call later today, at 14.30 CEST, to present the results. Interested persons can register using the details provided on the website https://floatel.no/investors

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.