Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the fourth quarter of 2025 is attached. Summary: * The Company recorded revenues of USD 3.9 million, down from USD 9.7 million in the fourth quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 1.3 million, down from USD 7.9 million in the fourth quarter of 2024.* EMGS impaired USD 3.9 million in long-term assets and USD 2.7 million in inventory in ...

Core Viewpoint - Electromagnetic Geoservices ASA (EMGS) is currently reviewing its operational model, which includes the decision not to extend the charter agreement for the Atlantic Guardian vessel, set to be redelivered on 20 October 2025 [1][2]. Group 1 - The company is undergoing a review of its operational model to determine the necessity of a permanently rigged vessel [1]. - As a result of this review, EMGS has decided not to extend the charter for the Atlantic Guardian, which will be returned to its owners at the end of the current charter period [1]. - The operational review aims to identify a sustainable and flexible operational model that can generate sufficient revenues for the company [2]. Group 2 - EMGS will provide additional details regarding the operational review as they become available [3].

Core Insights - The Company, Electromagnetic Geoservices ASA (EMGS), provides updates on vessel activity and multi-client sales approximately 4-5 working days after each quarter ends [1] - The Company defines vessel utilization as the percentage of the vessel charter period spent on data acquisition, excluding downtime and other non-productive activities [1] Vessel Activity - At the end of Q2 2025, the Company had one vessel, the Atlantic Guardian, which completed two proprietary surveys in India and is now transitioning to Norway for three fully prefunded multi-client surveys valued at USD 2.7 million [2] - The vessel utilization for Q2 2025 was 44%, a decrease from 51% in Q2 2024 [2] Financial Performance - EMGS recorded 3.0 vessel months in Q2 2025, consistent with Q2 2024 [3] - The Company anticipates approximately USD 200,000 in multi-client late sales for Q2 2025 [4] - EMGS will release its Q2 2025 financial results on August 13, 2025, prior to 07:30 local time in Norway [4] Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [6] - The Company supports all stages of the workflow, from survey design to data interpretation, enhancing exploration efficiency and reducing costs [6] - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [6]

Core Viewpoint - The annual general meeting of Electromagnetic Geoservices ASA (EMGS) is scheduled for June 19, 2025, in Oslo, Norway, where key company reports will be presented [1]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [2]. - The company supports the entire workflow from survey design to data interpretation, integrating EM data with seismic and geological information to enhance exploration efficiency and reduce costs [2]. - EMGS's CSEM technology is also applicable for detecting marine mineral deposits, particularly Seabed Massive Sulphides, and the company is exploring early-stage initiatives in this emerging market [2].

Core Viewpoint - EMGS has successfully amended the terms and extended the maturity date of its outstanding bond issue, EMGS03, as resolved by Nordic Trustee AS [1]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [4]. - The company supports various stages of the exploration workflow, including survey design, data acquisition, processing, and interpretation [4]. - EMGS's services facilitate the integration of EM data with seismic and other geophysical and geological information, enhancing exploration efficiency and reducing costs per barrel [4]. - Additionally, CSEM technology is employed to identify marine mineral deposits and is applicable in offshore construction and exploration activities [4].

Group 1 - The company Electromagnetic Geoservices ASA (EMGS) is proposing amendments to the bond terms related to the Siem Day transaction, including an extension of the maturity date for EMGS03 bonds [1] - Bondholders holding a sufficient number of bonds support the proposed written resolution for the amendments [2] Group 2 - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [4] - The company's services encompass all stages of the workflow, from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [4] - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [4]

Core Insights - EMGS published its audited financial statements and annual report for 2024 on April 24, 2025, with the European Single Electronic Format (ESEF) report expected to be available around April 29, 2025 [1]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [3]. - The company supports all stages of the exploration workflow, including survey design, data acquisition, processing, and interpretation, which enhances exploration efficiency and reduces finding costs per barrel [3]. - EMGS's CSEM technology is also capable of detecting marine mineral deposits, particularly Seabed Massive Sulphides, and the company is exploring early-stage initiatives to enter this emerging market [3].