Prosafe SE: Operational update – September 2025

Core Insights - Prosafe achieved 100% fleet utilization in September 2025 and 86% for Q3 2025, indicating strong operational performance [1] - The company has all units in operation, with high gangway uptime and contracts extending into 2027 and beyond, reflecting a positive outlook for future work [3] - Strong market demand is noted, particularly in Brazil and offshore Africa, with expectations to increase backlog in upcoming quarters [4] Fleet Performance - Safe Boreas is on standby since September 1, 2025, while all other Prosafe vessels are operational, contributing to increased earnings [1] - Safe Eurus, Safe Notos, and Safe Zephyrus achieved an average of 99% commercial uptime in September and for the quarter [1] - Safe Caledonia has maintained 100% commercial uptime at the Captain Field in the UK since June 2025, with options available for contract extension [2] Future Contracts and Market Outlook - All high-end units are contracted through 2027, with Safe Notos' contract with Petrobras extending to 2030 [3] - Prosafe anticipates that Safe Caledonia will remain in the field beyond December 1, 2025, with a positive outlook for additional work in 2026 and 2027 [3] - The company is focusing on operational efficiencies and cost reductions, including organizational right-sizing [4]