12 November 2026 - Endúr ASA (Endúr) continued its positive development in the
third quarter of 2026, delivering growth in both revenues and operating results.
Revenue increased 8 percent to NOK 1,996.5 million, from NOK 1,841.6 million in
the same period last year. EBITA increased 29 percent to an all-time high NOK
170.2 million (132.0), equivalent to a margin of 8.5 percent (7.2). 

"The third quarter marked a new quarterly earnings record for Endúr, with
all-time high EBITA and EBITA margin, driven particularly by strong performance
in our infrastructure businesses. We maintained high production activity,
continued to pursue strategic growth opportunities through acquisitions and
secured increased financial flexibility through a corresponding refinancing",
says Jeppe Raaholt, CEO of Endúr.

Cash flow from operating activities was NOK 207.4 million in the third quarter.
Net working capital remained relatively stable, following the increase recorded
in the first half of the year. Endúr's cash balance was NOK 606 million at
quarter-end, while total available liquidity amounted to NOK 1,156 million
including the NOK 550 million unused overdraft facility.

The group recorded order intake of NOK 820 million in the quarter, bringing the
order backlog to NOK 7.7 billion at the end of September 2026. The backlog
includes NOK 1.84 billion scheduled for the remainder of 2026 and NOK 3.61
billion for 2027. In addition, the group continues to benefit from substantial
recurring and framework-based revenues not fully reflected in backlog figures.

BUSINESS SEGMENT UPDATE
Revenue in Rehabilitation & Intersections was NOK 733.4 million in the third
quarter (599.4), representing growth of 22 percent. EBITA increased 79 percent
to NOK 90.9 million (50.8), corresponding to an EBITA margin of 12.4 percent
(8.5). The segment recorded NOK 275 million in order intake during the quarter
and had an order backlog of NOK 2.4 billion at quarter-end. During the quarter,
the acquisition of Wimo was completed, strengthening BMO Fjell's specialist
expertise and capabilities within rockfall and landslide protection.

Ports & Marine revenue increased 17 percent to NOK 483.7 million in the third
quarter (413.5). EBITA was NOK 38.6 million (39.4), corresponding to an EBITA
margin of 8.0 percent (9.5). The segment recorded NOK 275 million in order
intake during the quarter and had an order backlog of NOK 1.65 billion. The
Norwegian operations maintain a profitable backlog supported by strategic
platform projects for the coming periods, while the segment remains focused on
strengthening the backlog in Sweden, where the market remains healthy but less
visible. During the quarter, the acquisition of Boston AS was completed.

Construction revenue was NOK 515.5 million in the third quarter (498.8),
representing growth of 3 percent. EBITA increased to NOK 40.4 million (39.2),
corresponding to an EBITA margin of 7.8 percent (7.9). The order backlog was NOK
3.08 billion, with NOK 175 million in order intake during the quarter. The
segment has strong revenue coverage for the remainder of 2026 and continues to
pursue promising industrial and property projects to improve backlog visibility
for 2027.

Revenue in Aquaculture & Maritime Industry was NOK 272.3 million in the third
quarter (331.0). EBITA decreased to NOK 12.8 million (15.0), corresponding to an
EBITA margin of 4.7 percent (4.5). The decrease in EBITA was primarily
attributable to lower revenues and earnings from ship maintenance activities
following contractual discussions with the Norwegian Defence Materiel Agency
(FMA), partly offset by contributions from land-based aquaculture projects. The
segment had an order backlog of NOK 600 million at quarter-end and is awaiting
clarification on several potential projects, including Salfjord, which is not
included in the reported backlog pending a final investment decision.

OUTLOOK
Endúr continues to experience high tender activity and a large volume of
outstanding bids across its core markets. The group has strong backlog coverage
for the remainder of 2026 and continues to focus on strengthening longer-term
backlog visibility.

Future activity is supported by the Norwegian National Transport Plan for
2025-2036, which favours rehabilitation and smaller infrastructure projects.
Increased defence spending, favourable market conditions within selected real
estate and construction markets and the general maintenance gap on critical
infrastructure are also expected to support future activity. Endúr is also
expanding its position within the data centre market through Avendur Nordic,
providing exposure to a market with growing investment demand.

Within Aquaculture & Maritime Industry, ongoing land-based aquaculture projects
continue to support near-term activity, while longer-term revenue coverage and
utilisation of engineering capacity remain areas of focus. The segment is
awaiting clarification on several potential projects and remains focused on
strengthening longer-term backlog coverage and improving the utilisation of
engineering capacity.

Endúr will continue to focus on profitable growth through operational
improvements, organic investments and targeted M&A activities. Following several
completed and announced acquisitions during 2026, the group maintains an active
pipeline of potential structural investments and financial flexibility to
support continued growth.

PRESENTATION AT 08:00 TODAY
Endúr ASA invites investors, analysts and media to a live webcast presentation
of the company's third quarter 2026 financial results at 08:00 today.

The webcast presentation can be viewed from the following URL:  

https://teams.microsoft.com/meet/3946964720674927?p=qACugRYqMDNaR7uN8S

Questions can be submitted during the live webcast. The presentation material
and third quarter 2026 report are enclosed to this announcement.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
announcement was published by Einar Olsen, CFO of Endúr ASA, on 12 November 2026
at 07:00 CEST.

(ENDS)

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759

Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787

About Endúr ASA:
Endúr ASA (XOSL: ENDUR) is a leading Scandinavian contractor headquartered in
Lysaker and listed on the Oslo Stock Exchange. The company specializes in
critical infrastructure, including bridges, quays, tunnels, and dams. Operating
as a disciplined serial acquirer (compounder), the group utilizes a
decentralized model that grants subsidiaries high autonomy to preserve their
technical expertise and local market positions. Endúr drives long-term value
through strategic platform acquisitions and targeted bolt-ons in fragmented
niche markets.
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technical expertise and local market positions. Endúr drives long-term value\
through strategic platform acquisitions and targeted bolt-ons in fragmented\
niche markets.\