Note that the content is AI-generated and might contain mistakes. Generation might take some time.
If AI keeps you waiting, feel free to play the mini-game below in the meantime!
<div id="success-modal"></div>
<div class="container" id="field_company_press_release_isin" data-node-path="/products/equities/company-news/2025-11-26-energy-holdings-q3-2025-strong-operational-execution-and" data-isin="CY0101162119">
<div class="row">
<div class="col mb-2">
<h1>Energy Holdings Q3 2025: Strong operational execution and strategic delivery</h1>
</div>
</div>
<div class="row mb-5">
<div class="col">
<p class="text-ui-grey-2 text-uppercase border-ui-grey-2">
26 Nov 2025 06:00 CET
</p>
</div>
<div class="col">
<button type="button" id="save-modal-sub" class="btn float-right btn-lg btn-with-icon btn-primary btn-extra-border" onclick="modal_sub('','' );">
<svg viewbox="0 0 24 24" width="24" height="24" role="presentation">
<use xlink:href="/themes/custom/euronext_live/frontend-library/public/assets/spritemap.svg#alert"></use>
</svg>
<span>
Subscribe
</span>
</button>
</div>
</div>
<div class="row mb-5">
<div class="col-md-6 ">
<div class="border-bottom border-ui-grey-2">
<h3 class="text-uppercase text-sm font-weight-medium ">Issuer</h3>
<p>
<span class="d-inline-block text-uppercase">SED Energy Holdings Plc</span>
</p>
</div>
</div>
</div>
<div class="row mb-5">
<div class="col">
<p>
Nicosia, Cyprus - November 26, 2025 - SED Energy Holdings Plc ("Energy<br />
Holdings") delivered solid third-quarter results, supported by high technical<br />
utilization and strong operational execution. Revenue and EBITDA increased<br />
year-over-year, reflecting more active rigs at higher day rates, while two<br />
rigs completed yard work ahead of new long-term contracts that commenced in<br />
the fourth quarter.<br />
<br />
The Board has proposed a USD 20 million shareholder distribution for the third<br />
quarter and updated full-year guidance to total distributions of USD 80-85<br />
million.<br />
<br />
"Building on the momentum from the first half of the year, the third quarter<br />
marked another period of strong operational delivery and consistent financial<br />
performance. Both Energy Drilling and SeaBird Exploration continue to operate<br />
with high technical utilization, supporting cash flow generation. We are<br />
pleased to announce a proposed distribution of USD 20 million for the quarter,<br />
demonstrating our commitment to delivering superior shareholder returns," said<br />
CEO Kurt M. Waldeland.<br />
<br />
With its entire fleet fully utilized and on contract, Energy Holdings enters<br />
the coming quarters with strong earnings visibility. Combined with a firm<br />
backlog of USD 521 million and net interest-bearing debt of only USD 23<br />
million, this provides flexibility to maintain attractive shareholder<br />
distributions while pursuing value-accretive opportunities.<br />
<br />
"Energy Holdings is delivering on what we set out to achieve: operating a<br />
portfolio of resilient, cash-generative assets that provide visibility,<br />
flexibility, and consistent returns. With all assets in operation, strong<br />
operational execution, and no significant capital expenditure ahead, we are<br />
well positioned to deliver strong free cash flows, maintain attractive<br />
shareholder distributions, and pursue value-accretive opportunities aligned<br />
with our long-term strategy," Waldeland continued.<br />
<br />
Q3 2025 highlights: <br />
<br />
* Strong revenue and EBITDA growth year-on-year driven by solid operational<br />
execution and continued high fleet utilization at improved day rates.<br />
* Continued capital discipline with leverage maintained at a low 0.2x last<br />
twelve months adj. EBITDA.<br />
* New OBN source contracts secured for Fulmar Explorer and Eagle Explorer.<br />
* Solid firm revenue backlog of USD 521 million, including post-quarter<br />
contract extension for the Fulmar Explorer.<br />
* Proposed third quarter 2025 distribution of USD 20 million to be paid in the<br />
first quarter of 2026, subject to EGM approval.<br />
* Updated full-year distribution guidance in the range of USD 80-85 million<br />
(from prev: USD 70-90 million).<br />
* EDrill-2 and GHTH both completed yard work and commenced new long-term<br />
contracts in the fourth quarter.<br />
<br />
Sveinung Alvestad to take on Group CFO responsibilities<br />
<br />
Sveinung Alvestad has accepted to take on Group CFO responsibilities for<br />
Energy Holdings alongside his current role as CFO of SeaBird Exploration,<br />
under the existing intracompany management agreement. In his role as CFO of<br />
SeaBird Exploration, Sveinung has driven strategic initiatives and played a<br />
key role in the company's turnaround. Since the merger, he has been<br />
instrumental in ensuring an efficient integration and establishing a solid<br />
financial framework for Energy Holdings. He brings over a decade of experience<br />
from investment banking and energy markets, and has a proven track record in<br />
financial strategy and execution.<br />
<br />
"I am pleased to see Sveinung take on a broader role within the group," said<br />
CEO, Kurt M. Waldeland. "We have strong capabilities across our companies,<br />
supported by top talent and resources that position us well for the future.<br />
Sveinung has shown financial leadership and strategic insight, and his<br />
expanded role will provide continuity and strengthen financial coordination<br />
across the organization."<br />
<br />
Third quarter 2025 presentation <br />
<br />
The third quarter 2025 materials are enclosed and available on the company's<br />
website: www.energyholdings.cy/investors/financial-reports/.<br />
<br />
Energy Holdings will present its financial results for the third quarter of<br />
2025 in a live audio webcast today at 10:00 CET, hosted by Kurt M. Waldeland,<br />
Group CEO, Sveinung Alvestad, Group CFO, and Viggo Pedersen, CFO of Energy<br />
Drilling.<br />
<br />
The presentation will be followed by a Q&A session and questions may be<br />
submitted in writing at any time during the event. A recording of the webcast<br />
will be made available on the company's website after the live event has been<br />
concluded. <br />
<br />
Webcast link: https://events.webcast.no/viewer-registration/Nqeajupw/register<br />
<br />
For more information, please contact: <br />
Investor Relations: ir@energyholdings.cy <br />
Press: contact@energyholdings.cy <br />
<br />
About SED Energy Holdings Plc <br />
SED Energy Holdings Plc (ticker code "ENH") is a strong industrial partner<br />
with a diversified portfolio of resilient, cash-generative assets supported by<br />
a robust revenue backlog and a conservative capital structure. Energy<br />
Holdings' primary focus is on distributing all excess liquidity to<br />
shareholders, while also pursuing disciplined, value-accretive growth. For<br />
more information, please visit www.energyholdings.cy.<br />
<br />
This information is considered inside information pursuant to the EU Market<br />
Abuse Regulation and is subject to the disclosure requirements pursuant to<br />
Section 5-12 the Norwegian Securities Trading Act.<br />
<BR><BR><p id="link_newsweb"><strong>More information:</strong><BR><a target="_blank" href="https://newsweb.oslobors.no/message/660560">Access the news on Oslo Bors NewsWeb site</a></p>
</p>
<p>
<a download href="/sites/default/files/company_press_releases/attachments_oslo/2025/11/26/660560_Q3%202025%20SED%20Energy%20Holdings%20Plc.pdf">
<svg viewbox="0 0 24 24" width="12" height="12" class="">
<use xlink:href="/themes/custom/euronext_live/frontend-library/public/assets/spritemap.svg#arrow-line"></use>
</svg>
<svg viewbox="0 0 24 24" width="12" height="12" class="">
<use xlink:href="/themes/custom/euronext_live/frontend-library/public/assets/spritemap.svg#file"></use>
</svg>
<span class="pl-1">660560_Q3 2025 SED Energy Holdings Plc.pdf
</span>
</a>
<br>
<a download href="/sites/default/files/company_press_releases/attachments_oslo/2025/11/26/660560_Q3%202025%20SED%20Energy%20Holdings%20Plc%20Presentation.pdf">
<svg viewbox="0 0 24 24" width="12" height="12" class="">
<use xlink:href="/themes/custom/euronext_live/frontend-library/public/assets/spritemap.svg#arrow-line"></use>
</svg>
<svg viewbox="0 0 24 24" width="12" height="12" class="">
<use xlink:href="/themes/custom/euronext_live/frontend-library/public/assets/spritemap.svg#file"></use>
</svg>
<span class="pl-1">660560_Q3 2025 SED Energy Holdings Plc Presentation.pdf
</span>
</a>
<br>
</p>
</div>
</div>
<div class="row">
<div class="col-md-6">
<h3 class="text-uppercase text-sm font-weight-medium pt-4">
Source</h3>
<p>SED Energy Holdings Plc</p>
</div>
<div class="col-md-6">
<h3 class="text-uppercase text-sm font-weight-medium border-ui-grey-2 pt-4">Provider
</h3>
<p>
<span>Oslo Børs Newspoint</span>
</p>
</div>
</div>
<div class="row">
<div class="col-md-6">
<h3 class="text-uppercase text-sm border-top border-ui-grey-2 font-weight-medium pt-4">Company Name</h3>
<p>
<span class="d-inline-block text-uppercase">SED ENERGY HOLDINGS PLC</span>
</p>
</div>
<div class="col-md-6 ">
<h3 class="text-uppercase text-sm font-weight-medium border-top border-ui-grey-2 pt-4">ISIN</h3>
<p>CY0101162119</p>
</div>
</div>
<div class="row">
<div class="col-md-6">
<h3 class="text-uppercase text-sm font-weight-medium border-top border-ui-grey-2 pt-4">Symbol</h3>
<p>ENH</p>
</p>
</div>
<div class="col-md-6 ">
<h3 class="text-uppercase text-sm font-weight-medium border-top border-ui-grey-2 pt-4">
Market</h3>
<p>
<span>Euronext Oslo Børs</span>
</p>
</div>
</div></div>
