Energy Holdings: Annual report 2025
Nicosia, Cyprus -- April 30, 2026 -- SED Energy Holdings Plc ("Energy Holdings") today publishes its annual report for the financial year ended 31 December 2025, concluding a transformational first year for Energy Holdings following the business combination between SeaBird Exploration and Energy Drilling completed on 26 May 2025.
2025 highlights:
* Strong financial results driven by solid operational execution and high fleet utilization at improved day rates. * Total shareholder distributions of USD 82.5 million, representing approximately 20% of pro forma market capitalization at the time of the merger announcement in February 2025. * Strong balance sheet with industry-leading leverage of 0.4x LTM Adjusted EBITDA at year-end. * Revenue backlog of USD 466 million and full fleet utilization at year-end.
"2025 was a transformative year for Energy Holdings. We have established a fully operational platform with strong earnings visibility and a clear framework for continued value creation. We closed the year with all assets operational, a strong balance sheet, and a business positioned to deliver resilient and predictable cash flows. Moving forward, we remain confident in our strategy, our teams, and our ability to continue delivering on our commitments," said Kurt M. Waldeland, CEO.
Annual report 2025
The annual report 2025, including the corporate governance report, is enclosed to this release in pdf and in European Single Electronic Format (ESEF), and available on the company's website: www.energyholdings.cy/investors/financial-reports/.
For more information, please contact: Investor Relations: ir@energyholdings.cy Press: contact@energyholdings.cy
About SED Energy Holdings Plc 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 (http://www.energyholdings.cy/).
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.