Financial Performance - Prosafe SE reported Q4 2025 EBITDA of USD 21.1 million, significantly up from USD 8.4 million in Q4 2024 [1][6] - Full-year 2025 EBITDA reached USD 40.0 million, an increase from USD 27.2 million in 2024, and at the high end of the guided range for the year [2][5] - Revenues for Q4 2025 were USD 70.9 million, compared to USD 37.0 million in the same quarter last year [6] Operational Highlights - The company achieved 100% fleet utilization in Q4 2025, with all five units under contract [6] - Safe Boreas commenced operations in Australia ahead of schedule, starting full day rate from December 15, 2025 [1][6] - The backlog reached USD 428 million, including options and excluding the letter of intent for Safe Caledonia [6] Market Outlook - Prosafe is positioned for continued earnings growth in 2026, with full-year EBITDA expected to be in the range of USD 45-55 million [2][5] - The company is experiencing strong demand in the global offshore accommodation market, particularly in Brazil and Africa [6] - All high-end vessels are contracted through 2026 and into 2027, reflecting significant commercial progress [5][6]

This release contains forward-looking statements based on current assumptions and forecasts made by the Group. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the Group and the estimates given here. (Figures in brackets refer to the corresponding period last year1) 26 February 2026 – Prosafe SE reported EBITDA of USD 21.1 million (USD 8.4 million) for the fourth quarter o ...

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]

24 February 2026 - Fleet utilisation for January 2026 was 100%. In Brazil, Safe Eurus, Safe Notos, and Safe Zephyrus continued to operate at full capacity in January, delivering near 100 % commercial uptime. Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK. The vessel ended the contract for Ithaca Energy on 22 February 2026 following the exercise of all option periods. The vessel has a Letter of Intent (LoI) from Ithaca Energy for 6 months firm and 3 months of options from t ...

Core Viewpoint - Prosafe SE has appointed Halvdan Kielland as the permanent chief financial officer (CFO), highlighting the company's commitment to leadership stability and strategic growth [1][2]. Group 1: Leadership Appointment - Halvdan Kielland joined Prosafe as Corporate Finance Lead in January 2025 and was appointed Interim CFO in November 2025 before being named permanent CFO [1]. - The CEO of Prosafe, Reese McNeel, expressed confidence in Kielland's contributions, particularly in guiding the company through refinancing and positioning for future growth [2]. Group 2: Company Overview - Prosafe is a leading owner and operator of semi-submersible accommodation vessels and is listed on the Oslo Stock Exchange under the ticker code PRS [2].

Group 1 - Prosafe SE will release its fourth quarter 2025 results on 26 February 2026 at 07:00 a.m. CET [1] - The quarterly earnings release and presentation will be available on Prosafe's website and www.newsweb.no [1] - Reese McNeel, CEO, and Halvdan Kielland, Interim CFO, will present the results at Pareto Securities in Oslo on 26 February 2026 at 12:00 CET [2] Group 2 - The presentation will be open to the public and live-streamed on Prosafe's website, with a Q&A tool available for questions [2] - A replay of the webcast will be made available on Prosafe's website shortly after the presentation [2] - Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange with ticker code PRS [3]

Fleet Utilization - Fleet utilization for December 2025 was 100% with vessels in Brazil, including Safe Eurus, Safe Notos, and Safe Zephyrus, operating at near 100% commercial uptime [1] Contractual Agreements - Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK and is contracted until 22 February 2026, with a Letter of Intent (LoI) from Ithaca Energy for an additional 6 months firm and 3 months of options starting in Q2 2027 [2] - Safe Boreas has received full day rate from 15 December and is awaiting the start of a 15-month firm period, expected to commence in Q1 2026 [2] Operational Strategy - The company emphasizes consistent high gangway uptime and safe operations across its fleet, aligning with its strategy to provide world-class offshore accommodation services [3] - The CEO of Prosafe highlighted a focus on capturing strong market opportunities by extending backlog at higher day rates and achieving operational efficiencies to drive revenue and EBITDA growth [4] 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]

Oslo, 13 January 2026: Prosafe SE ("Prosafe" or the "Company") has today published a company presentation in connection with a non-deal roadshow in January. The presentation is attached and will also be made available on the Company's webside www.prosafe.com. For further information, please contact: Reese McNeel, CEO Phone: +47 415 08 186 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Prosafe Company Presentation Janua ...

Financial calendar for Prosafe SE FINANCIAL YEAR 202530.04.2026 - Annual Report26.02.2026 - Quarterly Report - Q4FINANCIAL YEAR 202628.08.2026 - Half-yearly Report29.05.2026 - Annual General Meeting29.05.2026 - Quarterly Report - Q120.11.2026 - Quarterly Report - Q3 For further information, please contact: Reese McNeel, CEO Phone: +47 415 08 186This information is published pursuant to the requirements set out in the Continuing obligations. ...

Core Insights - Prosafe's fleet achieved 100% utilization in November 2025, with vessels in Brazil maintaining near 100% commercial uptime [1] - The company has secured contracts and Letters of Intent (LoIs) that provide visibility into future revenues and operational efficiency [2][4] Fleet Performance - Safe Eurus, Safe Notos, and Safe Zephyrus operated at full capacity in Brazil, with the Special Periodic Survey (SPS) for Safe Zephyrus postponed to 2026 [1] - Safe Caledonia maintained 100% commercial uptime at the Captain Field in the UK, with a contract extended to early February 2026 and a potential new contract valued between USD 30 million to USD 44 million expected in Q1 2026 [2] Future Contracts and Opportunities - Safe Boreas has commenced operations in Australia, with a 15-month firm period starting upon gangway connection expected in Q1 2026 [3] - The CEO of Prosafe highlighted the company's focus on capturing strong market opportunities, extending backlog at higher day rates, and achieving operational efficiencies for future revenue and EBITDA growth [4]