EMGS – Vessel activity and multi-client sales update for the fourth quarter 2025

Core Viewpoint - EMGS is experiencing a significant decline in vessel utilization and anticipates multi-client revenue for the fourth quarter of 2025 to be USD 3.5 million, with financial results to be published in February 2026 [2][3]. Vessel Activity - The Atlantic Guardian was redelivered to its owners on 20 October 2025 after the current charter period [2]. - Vessel utilization for the fourth quarter of 2025 was reported at 0%, a decrease from 31% in the fourth quarter of 2024 [2]. Multi-Client Revenues - EMGS expects to recognize USD 3.5 million in multi-client prefunding revenue in the fourth quarter of 2025, which includes fully prefunded surveys from the third quarter of 2025 [3]. - Final data delivery for these surveys was made in the fourth quarter of 2025 [3]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [5]. - The company supports all stages of the workflow, from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [5]. - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [5].