16 slides from Integrated Wind Solutions Asa's earnings presentation, Nov 25, 2025
Slide 1: Q3 2025 Presentation
Q3 2025 Presentation 25 November 2025
Slide 2: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider 2 1) 49% ownership
Slide 3: IWS | A fully integrated offshore wind solutions provider
IWS | A fully integrated offshore wind solutions provider Integrated Services Consultancy & Asset Management 75% 100%1 49% 3 1) IWS Services owns 75% of ProCon Group ApS and 82% of the consultancy boutique Green Ducklings A/S
Slide 4: Q3 2025 Highlights | Record net profit
Q3 2025 Highlights | Record net profit 4
Slide 5: Q3 2025 Highlights | Record net profit (cont.)
Q3 2025 Highlights | Record net profit (cont.) 5
Slide 6: IWS Fleet | Strong revenue backlog to tier 1 clients
IWS Fleet | Strong revenue backlog1 to tier 1 clients 6 1) As of 30 September, including contracts signed in Q4 2025. Gross victualling income of EUR 5,000 per day and zero inflation adjustments.
Slide 7: IWS Skywalker | A peaceful morning on the Dogger Bank Offshore Wind Farm
IWS Skywalker | A peaceful morning on the Dogger Bank Offshore Wind Farm
Slide 8: IWS Skywalker class | Vessel overview
IWS Skywalker class | Vessel overview 1 2 3 IWS Skywalker IWS Windwalker IWS Seawalker Operating at Dogger Bank Operating for Siemens Gamesa Operating for Siemens Gamesa 4 5 6 IWS Starwalker IWS Moonwalker IWS Sunwalker Operating at Dogger Bank Operating for Siemens Gamesa Preparing for its first ch
Slide 9: IWS Skywalker class | Overview
IWS Skywalker class | Overview 9
Slide 10: Key financials | Q3 2025
Key financials | Q3 2025 Income statement (EUR ‘000 Q2 2025 Q3 2025 Q3 2024 Operating revenue 28,378 24,119 16,775 Share of net profit of associates 74 Eoit 195 Total revenue and other income 28,452 24,088 16,970 Operating expenses -19,436 --15,381—-13,061 EBITDA 9,016 8,707 3,909 Depreciation and a
Slide 11: Key financials | Q3 2025
Key financials | Q3 2025 Balance sheet (EUR ‘000: Q2 2025 Q3 2025 Q2 2025 Q3 2025 Vessels 193,557 250,637 Share capital 7,841 7,841 Vessels under construction 71,869 56,538 Share premium reserve 129,055 129,055 Other fixed assets 1,149 1,058 Retained earnings and other equity 22,944 27,617 Intangibl
Slide 12: Key financials | Segment reporting
Key financials | Segment reporting Segment reporting show inter-segment revenue and expenses 12
Slide 13: Key financials | Segment reporting
Key financials | Segment reporting 13
Slide 14: IWS Fleet | Newbuilding program completed
IWS Fleet | Newbuilding program completed 14
Slide 15: Outlook
Outlook The long-term industry outlook remains attractive with double-digit industry growth, supported by a pipeline of development projects, auctions and political ambitions. However, the offshore wind market is currently impacted by some market uncertainties that have resulted in somewhat slower d
Slide 16: Investor relations contact
Investor relations contact: Marius Magelie, Group CFO +47 920 27 419 OSE ticker: IWS ir@integratedwind.com integratedwind.com