Core Viewpoint - Prosafe has made significant leadership changes with the appointment of Reese McNeel as CEO and Halvdan Kielland as interim CFO, indicating a strategic shift within the company [1] Leadership Changes - Reese McNeel has been appointed as the new CEO of Prosafe [1] - Halvdan Kielland has been appointed as interim CFO while the company seeks a permanent replacement [1] - Carey Lowe will step down from his role as executive chairman but will continue as chair of the Board of Directors [1] Company Overview - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [1] - The company is listed on the Oslo Stock Exchange under the ticker code PRS [1]

Core Points - Ithaca Energy has extended its contract with Prosafe for the Safe Caledonia to provide accommodation support at the Captain field in the North Sea until early February 2026, with a total contract extension value of approximately USD 6.4 million [1][2] Company Summary - Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange under the ticker code PRS [2] - The CEO of Prosafe, Reese McNeel, highlighted the operational capabilities of the Safe Caledonia, particularly during the harsher months in the North Sea [2]

Financial Performance - Prosafe SE reported EBITDA of USD 11.3 million for Q3 2025, an increase from USD 5.0 million in the same period last year [1] - Revenues for the quarter reached USD 53.6 million, up from USD 32.8 million year-on-year [7] - The company experienced a negative cash flow from operations of USD 1.0 million, compared to a positive cash flow of USD 9.1 million in the previous year [7] - Capital expenditures amounted to USD 11.3 million, significantly higher than USD 2.8 million in the same quarter last year [7] Operational Highlights - All five vessels generated revenue in Q3 2025, with 100% fleet utilization in September [1][7] - The backlog stood at USD 486 million, including options, indicating strong future revenue potential [7] - Safe Boreas was on standby rate from September ahead of a contract start in December [7] Strategic Initiatives - The company has reactivated two idle vessels and launched cost reduction initiatives [4] - A recapitalization has been completed, establishing a sustainable capital structure with extended maturities and net interest-bearing debt of USD 213.6 million at the end of September [7] - Liquidity position improved to USD 83.3 million, compared to USD 46.8 million at the end of 2024 [7] Market Outlook - Prosafe is on track to meet its 2025 EBITDA guidance and anticipates increased earnings in 2026 with all high-end vessels fully contracted [4] - Strong global market fundamentals are driven by increased demand in Brazil and Africa, with North Sea operators planning future campaigns [7] - The company is exploring strategic opportunities and potential mergers and acquisitions [7]

Core Points - Ithaca Energy has extended its contract with Prosafe for accommodation support at the Captain field in the UK North Sea until mid-December 2025, with a total contract value of approximately USD 1.8 million [1] Company Overview - Prosafe is a prominent owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange under the ticker code PRS [2]

Core Insights - Prosafe achieved 100% fleet utilization in September 2025 and 86% for Q3 2025, indicating strong operational performance [1] - The company has all units in operation, with high gangway uptime and contracts extending into 2027 and beyond, reflecting a positive outlook for future work [3] - Strong market demand is noted, particularly in Brazil and offshore Africa, with expectations to increase backlog in upcoming quarters [4] Fleet Performance - Safe Boreas is on standby since September 1, 2025, while all other Prosafe vessels are operational, contributing to increased earnings [1] - Safe Eurus, Safe Notos, and Safe Zephyrus achieved an average of 99% commercial uptime in September and for the quarter [1] - Safe Caledonia has maintained 100% commercial uptime at the Captain Field in the UK since June 2025, with options available for contract extension [2] Future Contracts and Market Outlook - All high-end units are contracted through 2027, with Safe Notos' contract with Petrobras extending to 2030 [3] - Prosafe anticipates that Safe Caledonia will remain in the field beyond December 1, 2025, with a positive outlook for additional work in 2026 and 2027 [3] - The company is focusing on operational efficiencies and cost reductions, including organizational right-sizing [4]

Core Viewpoint - Prosafe's Interim CEO, Reese McNeel, is scheduled to present at the Pareto Securities' Energy Conference in Oslo, highlighting the company's position in the semi-submersible accommodation vessel market [1] Group 1: Company Information - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [1] - The company is listed on the Oslo Stock Exchange with the ticker code PRS [1] - For more information, Prosafe's website is www.prosafe.com [1] Group 2: Event Details - The presentation by Reese McNeel is attached and has also been uploaded to Prosafe's website [1] - The event is part of the Pareto Securities' Energy Conference taking place in Oslo [1]

Core Viewpoint - Prosafe SE is set to release its second quarter and first half 2025 results on 22 August 2025, with a public presentation by the CEO and CFO [1][2]. Company Information - Prosafe is a leading owner and operator of semi-submersible accommodation vessels, listed on the Oslo Stock Exchange under the ticker code PRS [2]. - The presentation will take place at Pareto Securities in Oslo and will be live-streamed on Prosafe's website [1][2]. Presentation Details - The results presentation will be held on 22 August 2025 at 10:00 CEST, and it will include a Q&A session where questions can be submitted via the webcast [2]. - A replay of the audiocast will be available on Prosafe's website shortly after the presentation [2]. Contact Information - For further inquiries, contact Terje Askvig, CEO, or Reese McNeel, CFO, via the provided phone numbers [3].

Core Viewpoint - Prosafe SE has successfully completed its subscription period for the offering of up to 17,868,651 warrants, receiving subscriptions for a total of 13,181,869 warrants, with final results expected to be announced shortly [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 [3]. Subscription Offering Details - The subscription period for the warrants offering expired on 6 August 2025 at 16:30 hours (CEST) [2]. - Preliminary results indicate a strong interest in the offering, with over 73.7% of the total warrants subscribed [2].

Group 1 - Prosafe SE has received approval from the Financial Supervisory Authority of Norway for a supplement to its prospectus, which is related to the guidance for full year 2025 EBITDA following a completed recapitalization [2][3] - The company is offering up to 17,868,651 warrants as part of its Warrants Offering, which was initially announced on 18 July 2025 [1] - The Prospectus and the Prospectus Supplement are integral documents that should be read together, and they are available on the company's website [3] Group 2 - 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 [5] - DNB Issuer Services acts as both the Receiving Agent and Settlement Agent for the company in connection with the Warrants Offering [4] - The company emphasizes that the securities mentioned in the announcement have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without proper registration or exemption [6][7]

Group 1 - Fleet utilization for June 2025 was reported at 79 percent [1] - Operations in Brazil with Safe Eurus, Safe Notos, and Safe Zephyrus achieved between 99 and 100 percent commercial uptime in June [1] - Safe Caledonia commenced operations at the Captain Field in the UK on June 2, 2025, with a commercial uptime of 94 percent during the initial period [1] - Safe Boreas is currently being transported to Singapore for an upcoming contract in Australia [1] Group 2 - Prosafe is a leading owner and operator of semi-submersible accommodation vessels [2] - The company is listed on the Oslo Stock Exchange with the ticker code PRS [2]