Core Points - TGS ASA has authorized the granting of Performance Stock Units (PSUs) and Restricted Stock Units (RSUs) to key employees as part of the 2022 Long Term Incentive Plan, with the measurement period set from January 1, 2022, to December 31, 2024 [1][2] - The PSUs vested at a final payout of 60.0% based on performance metrics, resulting in 180,810 shares issuable to sixteen holders, while 107,367 shares are issuable to sixty-seven employees for the RSUs [2] - A total of 288,177 shares at par value NOK 0.25 are available for issuance to 83 PSU/RSU holders [2] Company Information - TGS provides advanced data and intelligence to the energy sector, offering a comprehensive range of insights to support exploration and production of energy resources [4] - The company utilizes leading-edge technology and solutions across the entire energy value chain, backed by a global and diverse energy data library [4]

Core Insights - TGS ASA reported a financial update for Q2 2025, indicating a significant increase in revenues compared to Q2 2024, with IFRS revenues expected to be approximately USD 332 million, up from USD 224 million [1][4] - The company faced challenges in Q2 2025, including lower-than-expected data licensing, operational difficulties, and reduced participation from joint venture partners, which impacted revenue recognition [4] Revenue Breakdown - Produced revenues are projected to be around USD 306 million in Q2 2025, compared to USD 215 million in Q2 2024 [2][6] - Contract revenues for Q2 2025 are estimated at USD 171 million, an increase from USD 100 million in Q2 2024 [3] Multi-client Insights - Multi-client revenues are expected to reach approximately USD 135 million in Q2 2025, compared to USD 115 million in Q2 2024 [2] - Multi-client investment is anticipated to be around USD 120 million in Q2 2025, significantly higher than USD 52 million in Q2 2024 [2] Operational Metrics - The normalized Ocean Bottom Node (OBN) crew count for Q2 2025 was 1.7 for contracts and 1.1 for multi-client, compared to 2.7 and 0.0 respectively in Q2 2024 [1] - The allocation of active seismic streamer 3D vessel capacity showed a shift, with contract capacity increasing to 55% from 28% year-over-year [1] Future Outlook - CEO Kristian Johansen expressed optimism about future exploration activity, citing positive developments in Brazil and the US Gulf of America as drivers for increased seismic activity [4]

Group 1 - TGS, a leading global provider of energy data and intelligence, will release its Q2 2025 results on July 17, 2025, at 07:00 a.m. CEST [1] - The presentation of the results will be conducted by CEO Kristian Johansen and CFO Sven Børre Larsen at 09:00 a.m. CEST, and it will be webcasted live [1] - The Q2 2025 earnings release and presentation will be accessible on TGS's official websites [1] Group 2 - TGS provides advanced data and intelligence to companies in the energy sector, utilizing leading-edge technology and solutions across the entire energy value chain [2] - The company offers a comprehensive range of insights to assist clients in making informed decisions, supported by a diverse energy data library [2] - TGS is recognized as a trusted partner in the exploration and production of energy resources globally [2]

Core Points - TGS has distributed restricted shares to its Directors as part of their compensation, with the Chair receiving 4,000 shares and other Directors receiving 2,400 shares each [1] - After the issuance of restricted shares, TGS holds 141,117 shares as treasury shares [1] - TGS provides advanced data and intelligence to the energy sector, supporting exploration and production of energy resources worldwide [2] Company Overview - TGS utilizes leading-edge technology and solutions across the entire energy value chain, offering a comprehensive range of insights for better decision-making [2] - The company boasts a global, extensive, and diverse energy data library, establishing itself as a trusted partner in the energy industry [2]