Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the third quarter of 2025 is attached. No separate market presentation will be published this quarter. Summary: * The Company recorded revenues of USD 0.1 million, down from USD 1.1 million in the third quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 6.3 million, down from negative USD 5.9 million in the third quarter of 2024.* Free cash incre ...

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]

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. At the end of the second quarter 2025 t ...