Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the fourth quarter of 2025 is attached. Summary: * The Company recorded revenues of USD 3.9 million, down from USD 9.7 million in the fourth quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 1.3 million, down from USD 7.9 million in the fourth quarter of 2024.* EMGS impaired USD 3.9 million in long-term assets and USD 2.7 million in inventory in ...

Core Viewpoint - EMGS is experiencing a significant decline in vessel utilization and anticipates multi-client revenue for the fourth quarter of 2025 to be USD 3.5 million, with financial results to be published in February 2026 [2][3]. Vessel Activity - The Atlantic Guardian was redelivered to its owners on 20 October 2025 after the current charter period [2]. - Vessel utilization for the fourth quarter of 2025 was reported at 0%, a decrease from 31% in the fourth quarter of 2024 [2]. Multi-Client Revenues - EMGS expects to recognize USD 3.5 million in multi-client prefunding revenue in the fourth quarter of 2025, which includes fully prefunded surveys from the third quarter of 2025 [3]. - Final data delivery for these surveys was made in the fourth quarter of 2025 [3]. 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 [5]. - The company supports all stages of the workflow, from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [5]. - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [5].

Core Insights - EMGS published its audited financial statements and annual report for 2024 on April 24, 2025, with the European Single Electronic Format (ESEF) report expected to be available around April 29, 2025 [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 [3]. - The company supports all stages of the exploration workflow, including survey design, data acquisition, processing, and interpretation, which enhances exploration efficiency and reduces finding costs per barrel [3]. - EMGS's CSEM technology is also capable of detecting marine mineral deposits, particularly Seabed Massive Sulphides, and the company is exploring early-stage initiatives to enter this emerging market [3].