Prosafe SE: Operational update – August 2025

Core Insights - Prosafe reported a fleet utilization rate of 80% for August 2025, with several vessels operating at full capacity, indicating strong operational performance [1] - Safe Caledonia achieved 100% commercial uptime at the Captain Field in the UK, while other vessels like Safe Eurus, Safe Notos, and Safe Zephyrus exceeded 99% commercial uptime in Brazil [1] - The company is preparing for the upcoming contract of Safe Boreas in Australia, with a start-up window from November 16 to December 15, 2025, and is currently receiving a standby rate [1] Operational Performance - Prosafe continues to deliver high commercial uptime across all vessels, with Safe Caledonia performing exceptionally well and having options for contract extensions beyond December [2] - New contract opportunities for Safe Caledonia are emerging, particularly for the end of 2026 and into 2027, which is expected to support increased earnings [2] - Safe Boreas is in standby mode, with preparations for a full contract start-up in the fourth quarter, ensuring that all high-end units will be contracted into 2027 [2] Company Overview - Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange under the ticker code PRS [3]