Prosafe SE: Operational update – October 2025

Core Insights - The fleet utilization for October 2025 was reported at 100%, indicating strong operational performance across the vessels [1] - Safe Caledonia has achieved 100% commercial uptime at the Captain Field in the UK, with an extension of work options until early February 2026 [1][3] - Prosafe's fleet is experiencing high gangway uptime and safe operations, with Safe Boreas preparing for a significant contract in Australia starting between December 10 and 15, 2025 [2] Operational Performance - Safe Eurus, Safe Notos, and Safe Zephyrus operated at near 100% commercial uptime in Brazil during October [1] - The extension of Safe Caledonia's contract is seen as a validation of its capabilities during harsh winter conditions in the North Sea [3] Future Outlook - Prosafe has the highest backlog in a decade, with all high-end units contracted into 2027, providing good visibility on future activity and earnings [4] - The company is positioned to optimize its organization and cost base while capitalizing on a strong global accommodation market, particularly in Brazil, to secure employment for 2027 and beyond [4]