Oslo, 25 February 2026: Kristian Rådal, Head of Investor Relations of Shearwater Geoservices AS (“Shearwater”) will today present at the annual SB1 Markets Energy Conference.

Included in the presentation are selected preliminary Shearwater Geoservices AS Group figures for the fourth quarter and full year 2025. These may may be subject to adjustment without further notice. Shearwater will publish its fourth quarter financial results on 27 February 2026.

·       Q4 EBITDA of USD 44 million
·       2025 full-year EBITDA of USD 119 million
·       Leverage ratio at 31 December 2025 of 4.6x
·       8.4 active vessels during 2025
·       Q4 Multi-client segment revenue of USD 49 million
·       Backlog of USD 335 million mid-February 2026
The company presentation is attached hereto and available under the Investor section at www.shearwatergeo.com.

For further information, please contact
Kristian Rådal, Head of Investor Relations, phone +47 99 23 61 58

About Shearwater:
Shearwater is a global marine geoscience and technology business that specialises in collecting data offshore. The organisation uses state-of-the art seismic vessels and equipment to explore beneath the seabed and processes the data using market-leading proprietary software. These insights help clients understand the Earth and make informed decisions about accelerating responsible use of its resources. Shearwater's headquarters is in Bergen, Norway, with more facilities all around the globe. The company employs around 1,000 people.

This information is subject to disclosure under the Norwegian Securities Trading Act, §5-12. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-02-25 07:49 CET.

Attachments
Shearwater SB1 Markets Energy Conference 2026

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