Slide 1: Archer Q3 2025 Trading Update
Archer Q3 2025 Trading Update 4 November 2025
Slide 2: Disclaimer
Disclaimer Cautionary Statement Regarding Forward-Looking Statements In addition to historical information, this presentation contains statements relating to our future business and/or results. These statements include certain projections and business trends that are “forward-looking.” All statement
Slide 3: Our products & services
Revenue EBITDA $m $m CAGR +11% CAGR +21% 1,301 1,300-1,350 145-155 1,169 135 970 117 86 Our products & services Platform Renewable Operations Services ’22 ’23 ’24 ’25G ’22 ’23 ’24 ’25G Cash contribution Leverage ratio $m Well Land Services Drilling 5.3x CAGR +20% 90-110 73 64 2.9x 56 2.6x 2.2x–2.5x
Slide 4: Q3 Highlights – continued growth
Revenue ($m) EBITDA ($m) +1% +10% 350 335 339 40 38.4 Q3 Highlights – continued growth 300 35 34.9 30 250 • Revenue of $339.3 million, up 1% YOY 25 200 20 • Adjusted EBITDA of $40.2 million, up 11% YOY 150 294 283 15 • EBITDA of $38.4 million, up 10% YOY 100 10 50 • Distribution to shareholders of $
Slide 5: Archer’s EBITDA remains resilient throughout the market cycles
Archer’s EBITDA remains resilient throughout the market cycles Robust historical EBITDA Strong YoY-growth relative to peers1 145-155 EBITDA Q3 EBITDA (Q3 ’25 vs. Q3 ’24) Margin 135 -16% Peers 117 11% 10% 10% 9% 9% 10% 95 9% +10% 8% 85 86 7% 73 76 EBITDA YTD 55 (’25 vs. ’24) -14% Peers +11% ’17 ’18 ’
Slide 6: Archer to distribute $6.1 million to shareholders in Q4 (~11% yield)
Archer to distribute $6.1 million to shareholders in Q4 (~11% yield) Q4 cash distribution Archer with industry leading direct yield Shareholder program yields in industry1 Share buybacks Payout per share: NOK 0.62 per share ~11% ~11% Dividends and cash distribution Total distribution: Approx. $6.1 m
Slide 7: Acquired a complimentary well services business in the growing Gulf of America
Acquired a complimentary well services business in the growing Gulf of America Premium Oilfield Services description Growing P&A market in the Gulf of America Offshore decom expenditures in deepwater Gulf of America ($bn) 1 ▪ Well-established service company within fishing and P&A related services,
Slide 8: Accretive acquisition to strengthen Archer’s EBITDA and cash flow
Accretive acquisition to strengthen Archer’s EBITDA and cash flow Key investment attributes1 Impact on pro forma key metrics1 EBITDA PF ‘25E EBITDA and cash contribution to increase by about I 5% and 8-10% respectively +5% II Accretive acquisition of ~2.5x EV/EBITDA Archer ‘as-is’ With Premium III P
Slide 9: Strong demand in recent equity transaction
Strong demand in recent equity transaction Private placement and secondary sale Share ownership before and after transaction $69m Pre-transaction Post-transaction $49m Hemen Hemen 21.5% 30.6% $20m 54.7% 23.8% 69.4% Free float Paratus Free float Private Secondary sale Total placement (Paratus) transa
Slide 10: Platform Operations
Platform Operations Financials Revenues ($m) EBITDA ($m) • Total revenue flat from previous quarter, 180 25 operational revenue up $17 million related 160 155 158 158 to high activity for platform drilling 137 131 20 140 +14% 120 15 • EBITDA of $17.6 million is $0.9 million 100 down from previous qu
Slide 11: Well Services
Well Services Financials • Revenue of $89.1 million, is 11% higher than Revenues ($m) EBITDA ($m) Q3 2024, and a 7% increase from previous quarter on the back of higher reimbursable 105 16 revenue +11% 100 95 15 • EBITDA of $14.0 million represents a 19% 95 14 increase compared to same period last y
Slide 12: Land Drilling
Land Drilling Financials • Revenue in the quarter of $62.7 million Revenues ($m) EBITDA ($m) reflects the reduced activity in the south of Argentina 120 12 99.2 100.8 102.5 100 10 • EBITDA of $4.9m reflects activity after right- 80 73.0 8 sizing of the organization following the 62.7 reduced operati
Slide 13: Renewable Services
Renewable Services Financials • Revenue in the quarter of $33.4 million is Revenues ($m) EBITDA ($m) in-line with previous quarter 35 33.9 33.4 5 30 • EBITDA in the quarter of $4.5 million, up 25 4 from $3.0 million reported last quarter 22.5 20 3 • Strong results in geothermal partly offset by 15 1
Slide 14: Key takeaways
Key takeaways I Continued strong EBITDA growth II Acquired Premium Oilfield Services in the US III Raising $20m in private placement IV Cash distribution to shareholders at ~11% yield 14
Slide 15: Appendix
Appendix 15
Slide 16: Strong rationale to acquire Premium Oilfield Services
Strong rationale to acquire Premium Oilfield Services 1 Becoming the clear market leader in fishing in the GoA 2 Strong customer coverage with major operators, complimentary to Archer client base Strategic 3 Material cost and capex synergy savings rationale 4 Well-maintained excess fishing equipment
Slide 17: Accretive transaction in line with prior acquisitions
Accretive transaction in line with prior acquisitions Successful track record of Premium acquisition to contribute Archer maintain focus on accretive acquisitions strongly for further value creation value-creative M&A initiatives Acquisitions last years1 Premium acquisition M&A focus areas ~3.0x ~2.
Slide 18: Key financials
Key financials Revenue [$m] EBITDA [$m] 349 349 350 343 339 40 Reimbursable 335 38.4 38.1 38 Operational revenue 36.2 36 34.9 300 34 33.5 32 250 295 295 294 284 289 30 28 200 26 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25 NIBD [$m] CAPEX [$m] 20 18.2 18.1 450 443 433* 433 15.1 15 13.
Slide 19: Archer’s capital allocation strategy
Archer’s capital allocation strategy Balance sheet Capex M&A Shareholder returns Strong balance sheet and Capex maintained at Selective accretive Shareholder healthy debt levels moderate levels bolt-on acquisitions returns • Target a long-term leverage • Targeting total capex of 3-4% • Disciplined s