Paratus Energy Services Ltd. · OSL:PLSV
Paratus Energy Services — Paratus Energy Svcs — Q3 2025 Earnings Presentation
10 slides from Paratus Energy Services's earnings presentation, Oct 25, 2025
Slide 1: Q3 2025 Interim Results Presentation
Paratus Energy Q3 2025 Interim Results Presentation
Slide 2: Highlights
Highlights Company highlights Key figures (USDm) Revenue 127 Fleet technical utilization remained strong at ~99% 107 73 Combined segment revenues rose 20% QoQ to $127 million, while 63 EBITDA increased 38% to $78 million 44 55 Seagems revenue grew on higher average dayrates and increased opera
Slide 3: Seagems Joint Venture
Seagems JV Seagems Joint Venture Operational highlights1) Resilient financials and strong margins1) USDm EBITDA margin % Revenue EBITDA 383 68% 305 65% 65% $145m $90m 58% 55% 56% 236 Revenue EBITDA 145 160 125 104 94 90 81 56 49 Q2 2024 Q3 2024 Q2 2025 Q3 2025 YTDQ3 2024 YTDQ3 2025 65% ~$1.5bn Fleet
Slide 4: Fontis Energy
Fontis Energy Operational highlights Resilient financials and strong margins USDm EBITDA margin % Revenue EBITDA 190 $55m $35m 65% 61% 64% 61% 145 116 55% Revenue EBITDA 41% 80 72 63 55 47 39 44 35 18 64% ~$56m Q2 2024 Q3 2024 Q2 2025 Q3 2025 YTDQ3 2024 YTDQ3 2025 Fleet status overview (dayrates in
Slide 5: Financial summary
Financial summary Combined Segment Financial summary Key drivers (USDm) Quarter-on-Quarter Quarter Year-on-Year (USDm) Q2 2025 Q3 2025 ∆ Q3 2024 Q3 2025 ∆ 107 127 21 343 337 (6) 4 46 Contract revenues 15 Tax on revenues (3) (3) (0) (9) (9) (0) Amortization favorable contracts (9) (9) – (23) (25) (2)
Slide 6: Cash flow
Cash flow Combined Segment Financial summary Key drivers (USDm) Exited the quarter with a cash balance of $118 million (Q2 2025: $70 million) at Paratus consolidated level 48 Operating cash improved (Q2 2025: -$31 million) by lower spend at Fontis. Post Q3, collected ~$96 million from client in
Slide 7: Capital structure
Capital structure Debt maturity profile Key figures per segment (USDm) Net Leverage Ratio 2.6x1 as of Q3 2025 (unchanged from Q2 2025) Cash 165 176 20 144 During the quarter, Seagems secured $60 million in new capex funding 15 99 93 26 from local banks amortizing over 3 years starting in 2026 15
Slide 8: Updated full-year 2025 guidance
Updated full-year 2025 guidance EBITDA(1)(2) Capex(1)(3) Contract Revenue(1) $445-455m $250-260m ~$45m (previously: $420-450m) (previously: $220-240m) (previously: $45-65m) Revenue and EBITDA guidance increased on stronger than expected operations and the recognition of previously unrecognized rev
Slide 9: Attractive dividend yield, substantial backlog visibility, efficient and flexible capital structure
Attractive dividend Substantial backlog Efficient and flexible yield visibility capital structure 9
Slide 10: Disclaimer
Disclaimer This document and any information provided in this presentation (the "Presentation") has been prepared by Paratus Energy Services Ltd (the "Company") solely for the purposes of providing existing investors and other stakeholders with an update about certain limited aspects of the Company.