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Regulatory press release

AQUIL: Aquila Holdings ASA announces Q1 2025

Fjord Defence Group
Oslo, 8 May 2025 

EVENTS DURING THE QUARTER
o Fair value of multi-client library USD 20.5 million
o Fair value of investment portfolio USD 3.6 million
o Positive cash flow of USD 2.0 million, mainly from financial asset and sale of
shares in Arbaflame
o Available liquid funds of USD 6.6 million*
o Cash earnings (loss) for the quarter (USD 0.3) million**
o Net asset value NOK 1.22 per share

* Bank deposits, net trade receivable and marketable securities
** Revenue, cost of sales and SG&A

The first quarter 2025 report and presentation will be available at Aquila
Holdings ASA (www.aquilaholdings.no) and Oslo Stock Exchange (www.newsweb.com).

For further information, please contact:
Kristian Zahl, Interim CEO
kristian.zahl@aquilaholdings.no
+47 996 10 117

About Aquila Holdings
Aquila Holdings ASA ("AQUIL") is a Norwegian seismic multi-client and investment
company listed on Euronext Expand. Aquila Holdings specializes in 3D ocean
bottom node seismic multi-client data for near-field exploration. The company
holds two key seismic multi-client assets, one in Norway and one in Egypt.
Aquila Holdings also has an investment arm, with focus on investments in listed
companies as well as companies expected to be listed. More information on
www.aquilaholdings.no

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
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