Core Insights - The Company, Electromagnetic Geoservices ASA (EMGS), reported a vessel utilization rate of 24% for Q3 2025, a significant decrease from 40% in Q3 2024 [2] - EMGS had one vessel, the Atlantic Guardian, which completed prefunded multi-client surveys in the North Sea and is set to be redelivered on October 20, 2025 [2] - The Company does not anticipate any multi-client revenue for Q3 2025, expecting to recognize revenue from the North Sea surveys in Q4 2025 [4] Vessel Activity - At the end of Q3 2025, EMGS operated one vessel, recording 3.0 vessel months, consistent with the 3.0 vessel months recorded in Q3 2024 [3] Financial Reporting - EMGS plans to publish its Q3 2025 financial results on November 6, 2025, prior to 07:30 local time in Norway, with a recorded presentation available online [5] 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 [7] - The Company's services enhance exploration efficiency and reduce risks and finding costs per barrel by integrating EM data with seismic and other geological information [7]

Core Viewpoint - EMGS has shown significant financial improvement in Q1 2025, with a notable increase in revenues and adjusted EBITDA compared to previous periods [1][2]. Financial Performance - The Company recorded revenues of USD 10.0 million in Q1 2025, a substantial increase from USD 0.2 million in Q1 2024 and a slight increase from USD 9.7 million in Q4 2024 [1]. - Adjusted EBITDA for the Company was USD 2.0 million in Q1 2025, recovering from a negative USD 3.8 million in Q1 2024 [1]. Cash Flow and Investments - Free cash decreased by USD 3.1 million during the quarter, bringing the total to USD 6.0 million [2]. - The Atlantic Guardian completed the first of two proprietary acquisitions in India and began mobilization for the second acquisition during the quarter [2]. Strategic Developments - On May 6, 2025, EMGS announced the establishment of a new business platform within offshore subsea construction through the acquisition of the OSCV Siem Day [2]. Company Overview - EMGS is a leader in the marine electromagnetic market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [4]. - The Company integrates electromagnetic data with seismic and other geological information to enhance exploration efficiency and reduce costs [4]. - EMGS is also exploring early-stage initiatives to position itself in the marine mineral market, particularly in detecting seabed mineral deposits [4].

Core Viewpoint - EMGS has successfully amended the terms and extended the maturity date of its outstanding bond issue, EMGS03, as resolved by Nordic Trustee AS [1]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [4]. - The company supports various stages of the exploration workflow, including survey design, data acquisition, processing, and interpretation [4]. - EMGS's services facilitate the integration of EM data with seismic and other geophysical and geological information, enhancing exploration efficiency and reducing costs per barrel [4]. - Additionally, CSEM technology is employed to identify marine mineral deposits and is applicable in offshore construction and exploration activities [4].

Group 1 - The company, Electromagnetic Geoservices ASA (EMGS), has signed a final contract for a CSEM survey in India, with a contract value of approximately USD 10 million, consistent with previous expectations [1] - The contract follows a Letter of Award received by the company on 15 January 2025, indicating a successful progression from initial award to final contract signing [1] Group 2 - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [3] - The company's services encompass the entire workflow from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [3] - EMGS is also exploring the application of CSEM technology for detecting marine mineral deposits and estimating their mineral content, positioning itself for future market opportunities [3]