North Energy ASA – Results for the fourth quarter 2025

North Energy ASA ("North Energy" or "Company") recorded a comprehensive loss of NOK 23.0 million in the fourth quarter of 2025 compared to a comprehensive income of NOK 9.6 million in the same quarter last year. The loss reported this quarter is mostly driven by losses from associated companies of NOK 10.9 million, negative change in fair value of financial investments of NOK 9.7 million, operating expenses of NOK 4.6 million, partly offset by net finance income of NOK 2.1 million.

At the end of the fourth quarter of 2025, North Energy's Net Asset Value (NAV) was NOK 515.0 million. NAV decreased by NOK 54.2 million (-9.5%) from last quarter and by NOK 70.8 million (-11.7%) from the same quarter last year, adjusted for dividends paid.

The report for the fourth quarter of 2025 is attached and available on the Company's website, www.northenergy.no.

DISCLOSURE REGULATION This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

CONTACTS Rune Damm, CFO, (+47) 4166 6685, rune.damm@northenergy.no