Hamilton, Bermuda (November 4, 2025)

Archer Limited ("Archer") reports another strong quarter and confirms quarterly cash distribution to shareholders, corresponding to an annualized yield of roughly 11%. For Q3, we report revenue of $339.3 million and adjusted EBITDA of $40.2 million, representing a YOY-growth of 1% and 11% respectively.

On the quarter, Archer's CEO, Mr. Skindlo comments:

"We are pleased to deliver another financial quarter with growth in a more challenging oil and gas services market. The acquisition of Premium Oilfield Services was completed in the quarter, strengthening our platform for future growth in the Gulf of America. We continue to advance our late-life and P&A operation capabilities, reinforcing our role as the partner of choice for our customers. Our backlog of USD 4 billion, including options, provides good visibility for activity and earnings going forward ".

Highlights from the Q3 trading update:

• Revenue of $339.3 million, up 1% YOY
• Adjusted EBITDA of $40.2 million, up 11% YOY
• EBITDA of $38.4 million, up 10% YOY
• Paid cash distribution to shareholders of NOK 0.62 per share in Q3
• Acquired the US-based well service provider Premium Oilfield Services
• Raised $20m of new equity in private placement to fund acquisition
• Approved NOK 0.62 per share distribution to shareholders in Q4

Outlook and guidance:

We reiterate our financial guidance for 2025, with an EBITDA growth of 8-15% compared to 2024.

Conference call Tuesday November 4^th at 9:00 CET

Archer will host a conference call at 9:00 am CET on November 4^th, 2025. To follow the presentation, the following options are available:

A. Webcast

To register for the webcast please go to https://events.q4inc.com/attendee/469967773

B. Conference call

To access the call, which is open to the public, please dial in at the participant telephone numbers listed below. Please call in 10 minutes prior to the scheduled start time and ask for the "Archer Third Quarter 2025 Trading Update Call".

Participants dial-in:

• United Kingdom +44 20 3936 2999
• United States +1 646 233 4753
• Germany +49 32 221098334
• All other locations: +44 20 3807 9124

Access code: 885815

The operator will ask for your name and company. Following the presentation there will be a Q&A session. Information on how to ask questions will be given at the beginning of the Q&A session.

For further information, please contact:

Espen Joranger, Chief Financial Officer, Mobile: +47 982 06 812, Email: espen.joranger@archerwell.com

Joachim Houeland, Manager Treasury and Investor Relations, Mobile: +47 482 78 748, Email: joachim.houeland@archerwell.com

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