Oslo, February 4, 2026
The Company is pleased to present its Q4-2025 business update.
HIGHLIGHTS
o Floatel Endurance has been awarded a contract to provide services totheAlvheim FPSO on the Norwegian Continental Shelf in the central North Sea in2029.
o Floatel Victory previously announced Letter of Intent to provide MSUservicesin Brazil has been converted into a 6-month firm contract with Brava EnergiaS/Awith start in Q4-2026.
o Fleet utilisation stood at 85% during the fourth quarter, and firmorderbookas of December 31, 2025, was USD 379 million.
o Recurring EBITDA: USD 33.4 million for the quarter.
o Capex: USD 5.6 million for the quarter.
o Operating Cash flow: USD 41.5 million for the quarter. ________________________________________________________________________
For further information, please contact: Peter Jacobsson, CEO, +47 934 00 232 Tomas Hjelmstierna, CFO, +47 934 00 381 Tel: +47 46 50 01 33 Email: ir@floatel.no
This information is subject to disclosure requirements pursuant to Section5-12of the Norwegian Securities Trading Act. ________________________________________________________________________
ABOUT FLOATEL INTERNATIONAL
Floatel International Ltd was founded in 2006 to meet the growing demand fornext-generation offshore accommodation vessels. The Company’s vision is to ownand operate a modern, safe, and reliable flotel fleet. Since 2021, theCompany’sprincipal place of business has been in Norway.
The Floatel Group operates a fleet of four semisubmersible accommodation unitsdelivered between 2010 and 2016. Floatel Endurance and Floatel Superior areapproved for operations in the Norwegian sector. The entire fleet is approvedfor operations in the UK sector and elsewhere in the world.
The Group employs approximately 450 personnel globally, including offshorestaff.
All flotels are equipped with dynamic positioning systems and comply with thelatest health, safety, and environmental standards, ensuring quality andcomfortfor onboard personnel. Accommodation capacity ranges from 440 to 560 beds.Eachflotel includes large deck areas, workshops, and crane support, enabling themtohandle complex offshore hook-up projects as well as maintenance andmodifications of existing offshore installations.
The Company’s senior secured bonds are listed on Oslo Børs under the tickercodeFLOAT07.
For more information, visit: https://floatel.no.
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