Prosafe SE: Operational update – January 2026

Core Insights - The fleet utilization for January 2026 was reported at 100%, indicating strong operational performance across the 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 Outlook - The company is evaluating opportunities to bridge the gap until the start of the 2027 contract linked to the LoI with Ithaca Energy, as well as potential contracts for 2028 and beyond [3] - The CEO of Prosafe emphasized the commitment to operational efficiencies and capturing market opportunities to enhance revenue and cash flow generation [4]