Paratus Energy Services Ltd. · OSL:PLSV
Paratus Energy Services — Paratus Energy Svcs — Q2 2025 Earnings Presentation
10 slides from Paratus Energy Services's earnings presentation, Aug 26, 2025
Slide 1: Q2 2025 Interim Results Presentation
Paratus Energy Q2 2025 Interim Results Presentation
Slide 2: Highlights
Highlights Company highlights Key figures (USDm) Strong operational performance with fleet technical utilization of ~98% Revenue 103 107 Segment revenues of $107 million and adjusted EBITDA of $57 million 56 63 Declared $0.22 dividend per share for Q2 2025; consistent with previous 47 44 quart
Slide 3: Seagems Joint Venture
Seagems JV Seagems Joint Venture Operational highlights1) Resilient financials and strong margins1) USDm EBITDA margin % Revenue EBITDA 400 80% 350 68% 70% $125m $81m 300 58% 61% 56% 65% 60% 55% 238 250 211 50% Revenue EBITDA 200 146 40% 150 112 125 111 30% 106 104 100 65 81 20% 55 56 50 10% 0 0% 68
Slide 4: Fontis Energy
Fontis Energy Operational highlights Resilient financials and strong margins USDm EBITDA margin % Revenue EBITDA 200 80% 70% $44m $18m 150 56% 65% 59% 127 61% 60% 50% 50% 90 Revenue EBITDA 100 72 41% 78 40% 55 30% 47 47 44 45 50 31 27 20% 18 10% 0 0% Q1 2024 Q2 2024 Q1 2025 Q2 2025 H1 2024 H1 2025 4
Slide 5: Financial summary
Financial summary Combined Segment Financial summary Key drivers (USDm) Quarter-on-Quarter 15 Quarter Year-on-Year 7 (USDm) Q1 2025 Q2 2025 ∆ Q2 2024 Q2 2025 ∆ 6 (3) Contract revenues 103 107 4 233 209 (23) 3 Tax on revenues (3) (3) – (7) (6) 1 (5) Amortization favorable contracts (8) (9) (1) (15) (
Slide 6: Financial summary
Financial summary Combined Segment Financial summary Key drivers (USDm) At Paratus consolidated level, exited the quarter with a cash balance of $70 million (Q1 2024: $156 million) Operating cash impacted by no collections in Mexico during the quarter, 156 partly offset by reduced vendor payment
Slide 7: Capital structure
Capital structure Debt maturity profile Key figures per segment (USDm) Net Leverage Ratio 2.6x1 as of Q2 2025 (Q1 2025: 2.2x1) 246 Cash 14 176 165 Post-Q2 2025, Seagems secured $60 million in new capex funding from 15 20 99 93 232 local banks amortizing over 3 years starting in 2026 150 12 156 2
Slide 8: Full-year 2025 guidance
Full-year 2025 guidance Contract Revenue(1) EBITDA(1)(2) Capex(1)(3) $420-450m $220-240m $45-65m Full-year 2025 guidance reiterated 2025 EBITDA anticipated at the top end of guidance Notes: (1) According to management reporting (2) Consists of 50% of Seagems figures plus Fontis EBITDA less Parat
Slide 9: Attractive dividend yield, substantial backlog visibility, efficient 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.