Pelagic Credit Plc - Third quarter results 2026

Limassol, Cyprus, 9 November 2026

Pelagic Credit Plc ("Pelagic Credit" or the "Company") today announces results for the third quarter of 2026.

Pelagic Credit generated revenues of USD 2.6 million and a net profit of USD 1.0 million for the third quarter. For the first nine months of 2026, revenues amounted to USD 5.8 million, with a net profit of USD 2.5 million.

"Third quarter performance reflected the continued growth of our portfolio and the strength of our business model, with the majority of revenues and expenses underpinned by predictable, contracted cash flows. As the portfolio develops and cash flows are established, we are building a solid foundation for continued dividend distributions," says CEO Tobias Backer.

Transaction activity remained strong during the quarter, with two new transactions completed in July 2026. The Company entered into pre- and post-delivery financing for two 10,000 dwt chemical tankers and completed a USD 47.4 million investment in three dry bulk vessels, structured as a sale-and-bareboat financing under seven-year firm bareboat charters. As both transactions closed during the quarter, their earnings are only partially reflected in the Q3 results.

At 30 September 2026, the Company's firm-period lease-adjusted revenue backlog stood at USD 101.3 million, with an average remaining firm-period charter tenor of 5 years.

The Company continued its quarterly dividend policy and declared a dividend of USD 1.48 million, or USD 0.04 per share, in line with the dividend declared following the second quarter.

Attached is the report for the third quarter of 2026.

CEO Tobias Backer will present the results today at 14:00 CET. Participants are welcome to follow the event via webcast.

Please use the following link to register for the webcast:

https://qcnl.tv/p/m_fkYxVb45Pi8fa95cktrQ

For further information, please contact: Tobias Backer, CEO ir@pelagic-credit.com +357 97 771 170 / +44 7799 815 020 / +1 917 207-8680

ABOUT PELAGIC CREDIT Pelagic Credit is a yield-oriented ship owning company focused on generating stable cash flows through long-term contracted employment of maritime assets. The Company originates and structures long-term leasing and credit transactions designed to generate predictable, contracted cash flows. Pelagic Credit is listed on Euronext Growth Oslo and headquartered in Limassol, Cyprus.

For more information: www.pelagic-credit.com.

This information is subject to the disclosure requirements in the Norwegian Securities Trading Act § 5-12.