Solstad Offshore ASA: Presentation of First Quarter 2026 results

Skudeneshavn, 7 May 2026

Solstad Offshore ASA (SOFF) is pleased to present its financial results for the first quarter of 2026.

CEO Lars Peder Solstad states:

"We delivered a quarter with solid financial performance, driven by strong contributions from our joint ventures and associated companies. While two vessels were between contracts, activity levels improved compared to Q4 2025 and support a positive outlook for the remainder of 2026."

• Total Adjusted EBITDA of USD 34 million in the quarter compared to USD 30 million same quarter last year
   
• Normand Tonjer entered into a 225 days firm contract including mobilization to Asia Pacific, contributing to a total order intake of USD 28 million in the quarter

• Intention to distribute cash dividend for Q1 2026 of USD 0.1/share, totaling USD ~8 million
   
• After quarter end, Normand Maximus has been awarded a LoI for a 2-year firm period commencing in Q1 2027 with 1 optional year thereafter
   

Contacts

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

Kjetil Ramstad CFO, at +47 907 59 489

Solstad Offshore ASA

www.solstad.com

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