Electromagnetic Geoservices Asa · OSL:EMGS
Electromagnetic Geoservices Asa — Q2 2025 Earnings Presentation
12 slides from Electromagnetic Geoservices Asa's earnings presentation, Aug 13, 2025
Slide 1: Q2 2025 Results
Q2 2025 RESULTS Oslo, 13th August 2025 Bjørn Petter Lindhom, CEO Anders Eimstad, CFO
Slide 2: Disclaimer
Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information and statements are based on current expectations, estimates
Slide 3: Q2 2025 Operational and financial summary
Q2 2025 Operational summary • Atlantic Guardian completed the second of two proprietary surveys in India • The vessel was in transit towards Norway for a multi-client campaign • EMGS continues work towards closing the Siem Day transaction Financial summary of the quarter • Revenues of USD 9.6 millio
Slide 4: Operations and Market
Operations and Market
Slide 5: Cairn Oil & Gas – EMGS 3D CSEM Survey – KG Basin, India
Cairn Oil & Gas – EMGS 3D CSEM Survey – KG Basin, India • EMGS has successfully completed a 3D CSEM survey for Cairn Oil & Gas over its KGDWHP-2017/1 deepwater block in the Krishna-Godavari Basin in India. Similar CSEM surveys was recently completed in the region for another customer • The block spa
Slide 6: Projects on the Norwegian Continental Shelf
Projects on the Norwegian Continental Shelf • We are currently acquiring multi-client data on the first of 3 areas on the Norwegian Continental Shelf • The first project is a “converted contract” for a license group, and the two other projects are fully prefunded with good potential for future late
Slide 7: Financial review
Financial review
Slide 8: Second quarter 2025 performance: Development in revenues and EBITDA
Second quarter 2025 performance I Development in revenues and EBITDA Key financial metrics Quarterly development (USD million) • Revenues Revenues 15 13.8 • USD 9.6 million total revenue • USD 9.4 million in contract and other revenue 10 9.7 10.0 9.6 • USD 200 thousand in multi-client late sales 5 1
Slide 9: Operational costs
Operational costs Quarterly operational cost base* development (USD million) Comments 8 • Operational costs base in Q2 25 of USD 7.5 million 6 • USD 0.5 million lower than Q1 25 4.7 • Other operating expense increased by USD 0.5 million. Increase is due to costs associated with operations in India a
Slide 10: Decrease in free cash in Q2 2025
Decrease in free cash in Q2 2025 Quarterly free cash development (USD million) Comments 30 • Net decrease in free cash of USD 2.5 million to USD 25 3.5 million • Adjusted EBITDA of USD 2.1 million 20 • Trade receivables increased by USD 3.2 million as compared to the previous quarter 15 • Trade paya
Slide 11: Q&A
Q&A
Slide 12: Q&A – Please e-mail questions to emgs@emgs.com
Q&A Please e-mail questions to: emgs@emgs.com
Electromagnetic Geoservices — Q2 2025 Earnings Presentation on 6ix