Limassol, Cyprus - August 26, 2026: SED Energy Holdings Plc (“Energy Holdings”) continued to deliver strong results in the second quarter of 2026. Revenue and EBITDA increased substantially year-over-year, driven by a fully active fleet, strong operational execution and continued capital discipline. Cash generation remained strong and net interest-bearing debt was reduced further, supporting continued financial flexibility.
The Board has proposed a USD 25 million shareholder distribution for the second quarter, bringing total distributions for the first half of 2026 to USD 50 million.
“Energy Holdings delivered another solid quarter, with continued high utilization and consistent performance across both Energy Drilling and SeaBird Exploration. SeaBird also secured new work for its vessels, providing enhanced visibility for the coming periods. The results demonstrate the quality of our operations and the cash-generating capacity of the platform,” said Kurt M. Waldeland, CEO.
Energy Drilling remains in close dialogue with its customers and is actively engaged in relevant tender processes. The company is confident about securing continued employment.
“Looking ahead, our core priorities remain unchanged and we enter the second half of 2026 from a position of strength. With solid contract coverage, limited capital expenditure requirements and a conservative balance sheet, we have a robust foundation for sustained shareholder distributions and the flexibility to pursue value-accretive opportunities,” Waldeland continued.
Q2 2026 highlights:
Second quarter 2026 presentation
The second quarter 2026 materials are enclosed and available on the company's website: www.energyholdings.cy/investors/financial-reports/.
Energy Holdings will present its financial results for the second quarter and first half of 2026 in a live audio webcast today at 10:00 CEST, hosted by Kurt M. Waldeland, Chief Executive Officer, Sveinung Alvestad, Chief Financial Officer, and Viggo Pedersen, Chief Investment Officer.
The presentation will be followed by a Q&A session and questions may be submitted in writing at any time during the event. A recording of the webcast will be made available on the company’s website after the live event has been concluded.
Webcast link: https://events.streamhub.no/viewer-registration/z12jpgeA/register
For more information, please contact:
Investor Relations: ir@energyholdings.cy
Press: contact@energyholdings.cy
About Energy Holdings
SED Energy Holdings Plc (ticker code "ENH") is a strong industrial partner with a diversified portfolio of resilient, cash-generative assets supported by a robust revenue backlog and a conservative capital structure. Energy Holdings' primary focus is on distributing all excess liquidity to shareholders, while also pursuing disciplined, value-accretive growth. For more information, please visit www.energyholdings.cy.
This information is considered 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.