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]

Core Insights - Prosafe reported a fleet utilization rate of 80% for August 2025, with several vessels operating at full capacity, indicating strong operational performance [1] - Safe Caledonia achieved 100% commercial uptime at the Captain Field in the UK, while other vessels like Safe Eurus, Safe Notos, and Safe Zephyrus exceeded 99% commercial uptime in Brazil [1] - The company is preparing for the upcoming contract of Safe Boreas in Australia, with a start-up window from November 16 to December 15, 2025, and is currently receiving a standby rate [1] Operational Performance - Prosafe continues to deliver high commercial uptime across all vessels, with Safe Caledonia performing exceptionally well and having options for contract extensions beyond December [2] - New contract opportunities for Safe Caledonia are emerging, particularly for the end of 2026 and into 2027, which is expected to support increased earnings [2] - Safe Boreas is in standby mode, with preparations for a full contract start-up in the fourth quarter, ensuring that all high-end units will be contracted into 2027 [2] 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 [3]