“The first half of 2025 marked an exciting and decisive start for Energy Holdings, with high utilization across the fleet and continued high operational efficiency. We successfully refinanced our debt on improved terms, further strengthening our balance sheet and providing enhanced flexibility. We are pleased to reaffirm our full-year distribution guidance and expect to land in the midpoint of this range,” said CEO Kurt M. Waldeland.

Following quarter end, both Energy Drilling and SeaBird Exploration secured new contracts, including a substantial five-year agreement for EDrill-2. These contracts contributed to a strong revenue backlog of USD 567 million, providing high earnings visibility for the next several years.

“Moving forward, our focus is clear: deliver on current operations, capture further value from the combined platform, and continue to return capital to our shareholders. With a strong foundation across both segments, Energy Holdings is well positioned to execute on these strategic priorities, while we selectively pursue expansion opportunities that further strengthen our market position and support attractive long-term returns,” Waldeland continued.

Highlights: 

• Strong revenue and underlying EBITDA growth supported by good operational performance
• Successful refinancing of existing debt at improved terms
• Robust financial position with a low leverage
• Solid firm backlog of USD 567 million, including post-quarter contract wins.
• USD 40 million cash distribution for H1 2025 to be paid late September / early October.
• Full-year distribution guidance of USD 70-90 million reiterated. 
• Ongoing tax audit in Thailand expected to result in an additional withholding tax expense of USD 9.9 million for the period Sep 2022 to June 2025, which was provided for in the quarter.

Second quarter 2025 presentation 
Energy Holdings will present its financial results for the second quarter and first half of 2025 in a live audio webcast on Wednesday, August 27, 2025, at 10:00 CEST. 

The presentation and following Q&A session will be hosted by Kurt M. Waldeland, CEO of Energy Holdings, Viggo Pedersen, CFO of Energy Drilling, and Sveinung Alvestad, CFO of SeaBird Exploration. Questions may be submitted in writing at any time during the presentation. A recording of the presentation will be made available on the company’s website after the live event has concluded.  

The Q2 and H1 2025 materials are enclosed and available on the company's website: www.energyholdings.cy/investors/financial-reports/.

Webcast link: https://events.webcast.no/viewer-registration/Rz6cDhUB/register  

For more information, please contact:  
Investor Relations: ir@energyholdings.cy 
Press: contact@energyholdings.cy 

About SED Energy Holdings Plc 
Energy Holdings is a strong industrial partner with a diversified portfolio of resilient, cash-generative assets supported by a conservative capital structure, a robust revenue backlog and a conservative capital structure. With a solid foundation for attractive capital returns, Energy Holdings' primary focus is on distributing all excess liquidity to shareholders, while also pursuing disciplined, value-accretive growth. Its current portfolio includes wholly owned subsidiaries Energy Drilling, a leading owner and operator of tender assisted drilling rigs, and SeaBird Exploration, a global provider of high-end 2D seismic services and source vessel solutions. For more information, please visit www.energyholdings.cy.  

This information is considered 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.