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Regulatory press release

Solstad Offshore ASA: First-quarter 2025 results

Solstad Offshore
Skudeneshavn, May 7th, 2025

· Adjusted EBITDA of USD 30 million, compared to USD 36 million same quarter
last year. 1Q 2024 included 16 days of Solstad Maritime until deconsolidation
16. January 2024
· Net Result of USD 24 million compared to USD 38 million in the same quarter
last year.
· Adjusted Net Interest Bearing Debt of USD 107 million giving an Adjusted Net
Interest Bearing Debt / LTM Adjusted EBITDA of 0,8x
· Book equity at USD 311 million compared to USD 189 million in the same
quarter last year.
· Share of results from investment in associated companies and joint ventures
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