Solstad Offshore ASA: Presentation of Third Quarter 2026 results

Skudeneshavn, 04 November 2026

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

CEO Lars Peder Solstad states:

"We delivered solid performance in the third quarter, with high fleet utilization and a strengthened financial position. With continued positive demand for offshore energy services, we are well positioned going forward."

- Total Adjusted EBITDA of USD 41 million in the quarter compared to USD 29 million same quarter last year - Declared the USD 125 million purchase option for Normand Maximus in October 2026 with delivery in October 2027

- Delivered Normand Tonjer to its new owners in September 2026. The sale resulted in an accounting gain of USD 24 million

- Distributes cash dividend for Q3 2026 of USD 0.30/share, totaling USD ~25 million

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.