Slide 1: Second-quarter 2025 Presentation
AN INNOVATIVE TECHNOLOGY COMPANY SOLVING A PRESSING ISSUE, Second-quarter 2025 FOR A GREENER FUTURE Presentation 28 August 2025 1
Slide 2: Disclaimer
DISCLAIMER This presentation (the “Presentation”, which term shall be interpreted to include references to this document, the presenters' speeches, the question-and-answer session and any other related verbal or written communication) has been prepared by Soiltech ASA (the “Company” or “Soiltech“),
Slide 3: Agenda
AGENDA 1 HIGHLIGHTS 2 Operational review Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 3
Slide 4: Another quarter with record performance
ANOTHER QUARTER WITH RECORD PERFORMANCE HISTORICALLY STRONG QUARTER Q2 revenues of 112 million Q2 EBITDA adj. of NOK 26 million Q2 profit before tax of NOK 12 million EXCELLENT PERFORMANCE BY THE SOILTECH TEAM Exceptional sequential growth o Revenues 30% o EBITDA adj. 44% o Profit before tax
Slide 5: Agenda: Operational review
AGENDA 1 Highlights 2 OPERATIONAL REVIEW Company overall strategy 3 Financial review 4 Outlook Business plan 2025-2026 5
Slide 6: Operational highlights
OPERATIONAL HIGHLIGHTS VERY HIGH ACTIVITY IN THE QUARTER Operations well underway on Transocean Barents and Deepsea Bollsta Commercial uptime 100% across all projects Fluid treatment accounting for 50% of the revenue Solid waste management business continues to grow with a 44% share Norway
Slide 7: Contract status Norway
CONTRACT STATUS NORWAY NORWAY 2025 2026 2027 2028 2029 2030 Rig Name Rig Type Client Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Askeladden Jackup Equinor Askepott Jackup Equinor Oseberg B Platform Equinor Oseberg Sør Platform Equinor Heidrun Platform Equinor Visund Platf
Slide 8: Contract status international
CONTRACT STATUS INTERNATIONAL INTERNATIONAL 2025 2026 2027 2028 2029 2030 Rig Name Rig Type Client Location Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Swift 10 Jackup Wintershall Dea Netherlands Mariner A Platform Odfjell Technology UK Transocean Barents Semisub OMV Petr
Slide 9: Agenda: Financial review
AGENDA 1 Highlights 2 Operational review Company overall strategy 3 FINANCIAL REVIEW 4 Outlook Business plan 2025-2026 9
Slide 10: Second-quarter and Half-year 2025 results
Second-quarter and Half-year 2025 results SECOND QUARTER 2025 Revenues of 112 million, +61% year on year (YoY) EBITDA adj. of NOK 26 million, +87% YoY EBITDA adj. margin of 24%, up from 20% YoY Profit before tax of NOK 12 million, +348% YoY CAGR 32% CAGR 41% HALF-YEAR 2025 Revenues of 198
Slide 11: Key financials / Refinancing of debt facilities
KEY FINANCIALS / REFINANCING OF DEBT FACILITIES INCOME STATEMENT CASHFLOW (MNOK) Q225 % Q224 % YTD25 % YTD24 % (MNOK) 30 Jun25 30 Jun24 Revenues 112 70 198 126 Profit before tax 12 3 Operating cost 70 43 123 78 Net cashflow from operating activities 39 7 Gross profit 42 38 % 26 38 % 75 38 % 48 38 %
Slide 12: Agenda: Outlook
AGENDA 1 Highlights 2 Operational review Company overall strategy 3 Financial review 4 OUTLOOK Business plan 2025-2026 12
Slide 13: Outlook
OUTLOOK • The sequential growth of 30% in revenues demonstrates the underlying strength of Soiltech’s business model • Activity levels are expected to be high also in the second half of 2025, although at a somewhat lower level than Q2, primarily due to transition between contracts • Importantly, dem
Slide 14: Contact
Contact: Tove Vestlie CFO / Investor Relations Soiltech ASA Email tove.vestlie@soiltech.no Koppholen 25, Mobile +47 90690648 4313 Sandnes, Norway 14 www.soiltech.no