Integrated Wind Solutions ASA ("IWS") has today published its Q4 2024 Financial
Report and Presentation.

HIGHLIGHTS - STRONG PERFORMANCE FROM IWS FLEET
oA record total revenue of EUR 21.4m for Q4 2024, a 26% increase from Q3 and a
232% increase compared with Q4 2023.
oGroup EBITDA of EUR 6.9m for Q4 2024 compared with EUR 3.9m in Q3 and EUR -0.2m
in Q4 2023. The EBITDA growth was driven by IWS Fleet and improvements in IWS
Services.
oGroup net profit was EUR 5.8m for Q4 2024 compared with EUR 2.6m in Q3 and EUR
0.7m in Q4 2023.
oIWS Fleet revenue of EUR 12.1m in Q4 2024, including a EUR 3.0m termination
fee, versus EUR 8.0m in Q3 and EUR 0.2m in Q4 2023. Three vessels were in
operation during Q4 with IWS Skywalker and IWS Seawalker on charter with Dogger
Bank Wind Farm and IWS Windwalker on charter with Siemens Gamesa Renewable
Energy.
oIWS Services revenue of EUR 9.1m in Q4 2024, an increase of 4% from Q3, on
improved EBIT margins.
oPEAK Wind net revenue in Q4 was on par with Q4 2023, ending the year with 18%
net revenue growth compared with 2023. The Group's share of the net profit in Q4
2024 was EUR 0.3m, before EUR -0.1m amortisation of acquisition-related
intangible assets.
oWith the commencement of the frame agreement with Siemens Gamesa Renewable
Energy in Q4, the margin on the Group's Green Senior Secured Credit Facility was
reduced from late Q4.
oIWS completed the uplisting to Euronext Oslo Børs, with the first trading day
on 3 February 2025. To ensure compliance with the minimum number of shareholders
required for the uplisting, the Company issued 810,800 shares in January 2025,
raising gross proceeds of EUR 2.6 million and welcoming approximately 700 new
shareholders.
oIWS Fleet has in Q1 2025 signed charter contracts for more than EUR 30m. IWS
Skywalker's contracts with Dogger Bank Wind Farm were in January 2025 extended
from the end of Q2 2026 into Q3 2027 on improved terms. Furthermore, IWS
Starwalker, the fourth CSOV, signed a new contract with Dogger Bank Wind Farm
that commenced on 10 February 2025.

Lars-Henrik Røren, CEO, commented: "IWS has delivered another record quarter
with strong growth in revenue and net profit. The uplisting to Oslo Børs in
February is a milestone and a natural progression that reflects a new phase of
the growth journey for IWS. IWS has undergone a remarkable transformation since
ordering its first two CSOV newbuildings in January 2021, later increasing to
six. With our latest addition, IWS Starwalker, four CSOVs are now in operation
and continue to deliver exceptional performance for our clients. Furthermore,
IWS Services and PEAK Wind continue to grow. Coupled with our solid financial
foundation, we are optimistic about the years ahead."


For investor relations queries, contact

Marius Magelie
Group CFO Integrated Wind Solutions
Phone: +47 920 27 419
E-mail: mm@integratedwind.com


For press queries, please contact

Lars-Henrik Røren
CEO Integrated Wind Solutions
Phone: +47 98 22 85 06
E-mail: lhr@integratedwind.com


About IWS:
Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels
to the offshore wind industry combined with a suite of adhering services. The
Company owns 74.62% of IWS Fleet AS, which has four Commissioning Service
Operation Vessels ("CSOVs") delivered and two CSOVs under construction with
delivery in 2025. Furthermore, IWS owns the offshore wind supply-chain service
company, IWS Services A/S and the investment in the independent advisor,
consultancy, data intelligence and wind farm operator firm PEAK Wind Group.

Integrated Wind Solutions ASA is listed on Euronext Oslo Børs under the ticker
"IWS".

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