Prosafe SE: Operational update – January 2026

Core Insights - The fleet utilization for January 2026 was reported at 100%, indicating strong operational performance across the company's vessels [1] - Safe Caledonia achieved 100% commercial uptime at the Captain Field in the UK, with a new Letter of Intent (LoI) from Ithaca Energy for a 6-month firm contract starting in Q2 2027 [2][3] - The company aims to capture strong market demand to grow its backlog at higher day rates while focusing on operational efficiencies and cost reductions for revenue growth and long-term value creation [4] Vessel Performance - Safe Eurus, Safe Notos, and Safe Zephyrus operated at near 100% commercial uptime in Brazil during January 2026 [1] - Safe Boreas is currently receiving full day rates and is awaiting the start of a 15-month firm period, expected to commence in Q1 2026 [2] Strategic Partnerships - The cooperation with Ithaca Energy has been positive since the contract began in August 2024, with Safe Caledonia providing high-quality accommodation support in the North Sea [3] - The company is exploring opportunities to bridge the gap until the start of the 2027 contract linked to the LoI, as well as potential contracts for 2028 and beyond [3] 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 [5]