Odfjell Technology Ltd reports third-quarter 2025 revenue of NOK 1,434 million
and EBITDA of NOK 202 million compared to EBITDA of NOK 193 million in Q2 2025. 
The EBITDA margin was 14%, reflecting solid operational performance.  

The Group's contract backlog remains strong at NOK 12.4 billion, providing
long-term visibility across business areas. Net profit for the quarter was NOK
102 million, and the Board of Directors has approved a quarterly dividend of NOK
60 million, equal to NOK 1.52 per share, maintaining OTL's consistent dividend
track record and attractive direct yield of around 11%. 

Operational performance was strong overall. Well Services delivered a 32% EBITDA
margin supported by stable activity and contract extensions in Kuwait and
Turkmenistan. Operations reported revenue growth of 16% compared to Q2 2025,
driven by strong operational delivery, while Projects & Engineering completed
several modification and maintenance projects, with activity reducing in line
with typical seasonal patterns. 

Odfjell Technology AS CEO Simen Lieungh comments: 

"We continue to deliver stable performance through disciplined execution and
operational improvements. Our strong backlog and ongoing Performance Improvement
Programme provide a solid foundation for value creation, and we are well
positioned to pursue selective growth opportunities." 

Highlights of the quarter 

- Revenue of NOK 1,434 million  
- EBITDA of NOK 202 million  
- EBITDA margin of 14%  
- Net profit of NOK 102 million  
- Backlog of NOK 12.4 billion 
- Leverage ratio of 1.28x 
- Quarterly dividend of NOK 60 million (NOK 1.52 per share), equal to an 11%
direct yield 

For the full results, please see the attached report and presentation.  

Chief Executive Officer Simen Lieungh, Chief Financial Officer Jone Torstensen
and SVP Finance & Investor Relations Gert Haugland, of Odfjell Technology AS
will be hosting a webcast on the 7th November 2025 to present the results, as
well as providing an outlook for the Company, at 09:30am UK time / 10:30am
Norway Time.  

Stakeholders can either use the following link for the webcast or listen via
telephone using the details below.  

Information on how to submit questions will be given at the beginning of the Q&A
session.  

Please join the event 5-10 minutes prior to scheduled start time.  

Webcast details: 
https://edge.media-server.com/mmc/p/azx6grmt    

Participant call details:  
https://register-conf.media-server.com/register/BIa9261034a70f4a0c92cb0c48ef7e5d
3b   

Click on the call link and complete the online registration form. 

Upon registering you will receive the dial-in info and a unique PIN to join the 
call as well as an email confirmation with the details. 

Select one of the following methods for joining the call: 
- Dial-In: A dial in number and unique PIN are displayed to connect directly 
from your phone. 
- Call Me: Enter your phone number and click "Call Me" for an immediate 
call-back from the system. The call will come from a US number. 

Participants will have the ability to "raise their hand" to ask a verbal 
question during the Q&A. 

For further queries, please contact:  
Gillian Basson, Corporate Secretary  
+44 (0) 7796 547 889  
gbas@odfjelltechnology.com  

or 

Gert Haugland, SVP Finance & Investor Relations 
+47 92661638 
gjha@odfjelltechnology.com 

Aberdeen, United Kingdom  
7th November 2025 
Odfjell Technology Ltd  

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