26 February 2026 - Endúr ASA (Endúr) delivered quarterly revenue above NOK 2
billion and an all-time high EBITA in the fourth quarter of 2025. Revenue was
NOK 2,024.6 million, up 22 percent versus last year's fourth quarter (Q4 2024:
1,662.6). EBITA increased 51 percent to NOK 137.1 million (91.0), equivalent to
a margin of 6.8 percent (5.5). 

"Quarterly revenue surpassed NOK 2 billion for the first time and we delivered a
new all-time high EBITA. Both Infrastructure and Aquaculture contributed to
growth in revenues and results. We are pleased to end the year with strong
momentum and solid backlog coverage for 2026," says Jeppe Raaholt, CEO of Endúr.

For the full-year 2025, pro-forma revenue was NOK 7,079.5 million (5,983.3) and
pro-forma EBITA NOK 429.1 million (314.8), corresponding to an EBITA margin of
6.1 percent (5.3).

The group's order backlog stood at a solid level at year-end, further enhanced
by subsequent awards and completed acquisitions.

Cash flow from operating activities was NOK 540.6 million in the fourth quarter.
Endúr's cash balance was NOK 1,280 million, and the group reported net financial
assets of NOK 110 million as of 31 December 2025. The Board proposes a dividend
of NOK 0.8 per share for 2025.

BUSINESS SEGMENT UPDATE
Infrastructure revenue was NOK 1,613.9 million, up 17 percent pro forma from NOK
1,378.6 million in last year's fourth quarter. EBITA increased 31 percent pro
forma to NOK 142.9 million (108.7), corresponding to an EBITA margin of 8.9
percent (7.9). The improvement was driven by solid performance across the board.
In addition, the segment reported a healthy backlog coverage into 2026.

Revenue in the Aquaculture Solutions segment was NOK 351.5 million (pro forma
219.1). The segment reported an EBITA of NOK 17.8 million, compared to a
negative EBITA of pro forma NOK -5.3 million in the fourth quarter of 2024. The
Aquaculture Solutions segment's EBITA margin was 5.1 percent (-2.4). The
improvement reflects continued activity on Salmon Evolution phase 2 and
continued increases in profitability from Endúr Sjøsterk.

In the business segment "Other", Endúr Maritime delivered revenue of NOK 60.5
million (66.5) and EBITA of negative NOK 0.6 million (7.5), equivalent to an
EBITA margin of -1.0 percent (11.3). 

OUTLOOK
Endúr is experiencing high tender activity and has a solid backlog coverage for
2026, further strengthened by subsequent awards and announced acquisitions. 

Future activity level in the Infrastructure segment is supported by the
Norwegian National Transport Plan for 2025-2036 which favours rehabilitation,
smaller projects and aquaculture. The ratification of major infrastructure
projects in Sweden as well as increased defence budgets and favourable local
market for real estate construction also back Endúr's growth opportunities. As
does a general maintenance gap on critical infrastructure. 

Within Aquaculture Solutions, investments in land-based fish-farming facilities
are expected to drive significant long-term growth. The segment continues to
work on clarifications of several new potential projects across brood-stock,
smolt and grow-out facilities.

Endúr will continue to enhance growth through organic development of its service
offering and workforce, as well as through targeted M&A activities.

PRESENTATION AT 08:00 TODAY
Endúr ASA invites investors, analysts and media to a live webcast presentation
of the company's fourth quarter 2025 financial results at 08:00 today. 

The webcast presentation can be viewed from the following URL:  

https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZDM2NTg5YjUtNTFlNS00MjM5L
ThjYzAtNjU4ZGIwODkwNjYw%40thread.v2/0?context=%7b%22Tid%22%3a%22d02701f9-3b23-4b
3f-8fce-29ed54632bf8%22%2c%22Oid%22%3a%2249eee719-db83-4ef4-aca0-334090732543%22
%7d

Questions can be submitted during the live webcast. The presentation material is
enclosed to this announcement. 

This information is considered to be 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. This stock exchange
announcement was published by Einar Olsen, CFO of Endúr ASA, on 26 February 2026
at 07:00 CET.

(ENDS)

For further information, please contact:

Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759

Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787

About Endúr ASA
Endúr ASA (XOSL: ENDUR) is a leading Scandinavian contractor headquartered in
Lysaker and listed on the Oslo Stock Exchange. The company specializes in
critical infrastructure, including bridges, quays, tunnels, and dams. Operating
as a disciplined serial acquirer (compounder), the group utilizes a
decentralized model that grants subsidiaries high autonomy to preserve their
technical expertise and local market positions. Endúr drives long-term value
through strategic platform acquisitions and targeted bolt-ons in fragmented
niche markets.