Solstad Offshore ASA: Presentation of Second Quarter and Half Year 2026 results

Skudeneshavn, 15 July 2026

Solstad Offshore ASA (SOFF) is pleased to present its financial results for the second quarter and half year 2026.

CEO Lars Peder Solstad states:

"We delivered a quarter with solid operational and financial performance. Increased activity across the fleet and strong order intake during the quarter have strengthened our backlog and support a positive outlook going forward."

• Total Adjusted EBITDA of USD 41 million in the quarter compared to USD 32 million same quarter last year
• Normand Maximus has been awarded a LoI for a 2-year firm period commencing in Q1 2027 with 1 optional year thereafter, contributing to a total order intake of USD 216 million in the quarter
• Signed a Memorandum of Agreement for sale of the Normand Tonjer
• Contracted a newbuild CSV for delivery in first half 2029, supported by a long-term contract
• Distributes cash dividend for Q2 2026 of USD 0.15/share, totaling USD ~12 million

Contacts

Lars Peder Solstad CEO, at +47 91 31 85 85

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Offshore ASA

www.solstad.com

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