Highlights - 2Q25

· The strong safety performance continued in 2Q25 with high operational efficiency and no significant incidents during the quarter.

· Time charter earnings ended at USD 174 million, compared to USD 168 million in 1Q25. TCE/day for the quarter was USD 30,306, slightly up from the previous quarter (USD 29,556).

· EBIT of USD 59 million compared to USD 54 million in 1Q25.

· Quarterly net result of USD 40 million. Net result adjusted for one-off items at USD 42 million compared to USD 33 million in 1Q25.

· Net result contribution from Odfjell Terminals of USD 1.9 million, vs. USD 2.9 million in 1Q25.

· With a 2Q25 carbon intensity (AER) of 6.8, Odfjell achieved a new record low, continuing the positive trend from the previous quarters.

· The Board approved a dividend of USD 0.48 per share, based on adjusted 1H25 results. This is in accordance with Odfjell's dividend policy to distribute 50% of net result adjusted for one-off items on a semi-annual basis.

"In the second quarter, Odfjell delivered another resilient financial result. We exceeded the previous quarter's result, despite ongoing market uncertainty driven by geopolitics and trade tariffs. This achievement is a result of strong performance across the Odfjell organization and a robust COA portfolio as the foundation of our trade. We expect the 3Q25 financial results to be in line with or slightly below 2Q25" said CEO Harald Fotland.

Tomorrow, Wednesday, August 20 at 09:45 CET, Odfjell SE will present the results at the investor conference "Vestland på Børs", held in Bergen. The presentation will also be sent in a live webcast. Follow the webcast at: www.odfjell.com/investor/webcast

The presentation will be held in English.