Skudeneshavn, 14 July 2025

Solstad Maritime ASA (SOMA) is pleased to present its first Second-quarter and half-year results 2025 as a listed company on Euronext Oslo Børs.

CEO Lars Peder Solstad stated: "Despite a very high level of planned maintenance on our vessels in first half year, efficient operations and a growing portfolio of long-term contracts resulted in a solid quarter. The long-term outlook remains positive."

• Adjusted EBITDA of USD 78 million compared to USD 77 million same quarter last year
• Utilization of 78% in the quarter compared to 82% same quarter last year. Planned maintenance activity in 1H25 has been extraordinary high and is the main driver for the reduced utilization
• Net result of USD 44 million compared to USD 28 million same quarter last year
• Several new long-term contracts entered into in Brazil with commencement in Q1 2026, contributing towards a total order intake of USD 267 million in the quarter equaling a book-to-bill ratio of 1.8x
• Distributes cash dividend of USD 0,075/share, totaling approximately USD 35 million

Contacts

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

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Maritime ASA

https://solstad-maritime.com

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