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DOF Group ASA will release its Q2 results on Wednesday, 19 August 2026 at 07:00 CEST.

The report will be available at www.dof.com and www.newsweb.no.

A presentation of the quarterly results will be held at "Vestland på Børs" at Scandic Flesland Airport Hotel, Bergen at 08:45 CEST with physical attendance only, and as a webcast at 14:00 CEST on 19 August, available at https://www.dof.com/webcast. A recording of the webcast presentation will be published on the same webpage after the event.

The presentation will be held by CEO Mons S. Aase and CFO Martin Lundberg.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 948 36 464

DOF Group ASA (“DOF”) is pleased to inform that it has been awarded firm contracts with a combined duration of 150 days for two of its AHTS vessels in the CARICOM region. DOF will also provide ROV services for the engagement. The two vessels will commence transit to the region shortly. The combined value of the contracts is Significant, which DOF defines as contracts with value between USD 15 and 25 million.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

DOF Group ASA (“DOF”) is pleased to announce two new long-term contract extensions with Petrobras in Brazil.

Following successful negotiation with Petrobras, the PLSVs Skandi Buzios and Skandi Recife have secured extensions to their current long-term contracts, ensuring continued operations.

Both vessels are owned by a joint venture between DOF (50%) and TechnipFMC (50%).

Under the contract amendments, Skandi Buzios has been awarded a 516-day extension and Skandi Recife has secured a 550-day extension.

The long-term contracts, previously scheduled to terminate in the third quarter of 2026, have now been extended through January 2028.

The contract extensions reinforce DOF's strong position in the Brazilian offshore market.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

DOF Group ASA (“DOF”) is pleased to inform that it has been awarded firm contracts with a duration of more than 1 year and expected commencement in Q1 of 2027 for two of its AHTS vessels. The expected value of each contract is Significant, which DOF defines as contracts with value between USD 15 and 25 million.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64‍

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DOF Group ASA (“DOF”) is pleased to announce two vessel transactions involving a total of six vessels as part of further fleet optimisation and high-grading efforts to strengthen DOF’s position in the company’s core business areas. The first transaction is the sale of four platform supply vessels (PSV), while the second transaction is the acquisition of two construction support vessels (CSV) with 250t cranes that are currently under construction. The transactions result in increased earnings capacity and longevity of DOF’s fleet without compromising on the leverage target of 1.5 – 2.0x or short-term shareholder return capacity. Furthermore, DOF has declared a constructive total loss on the anchor handling tug supply vessel (AHTS) Skandi Amazonas following an incident in May. Further details on each event follow below.

Sale of four PSVs

The four PSVs Skandi Mongstad (2008-built), Skandi Flora (2009), Skandi Feistein (2011) and Skandi Kvitsøy (2012) have been agreed sold. Expected delivery of the four vessels is during Q3 of 2026. The vessels will continue on their current contracts. DOF will retain management responsibilities of the four vessels and a minority ownership interest in the acquiring entity. The sale will generate approximately USD 50 million in net cash proceeds following repayment of debt related to the vessels.

Acquisition of two CSVs

DOF has entered into an agreement with a company affiliated with Geveran Trading Company to acquire two CSVs currently under construction. The vessels are based on the SALT 310 OCV design and are being built by PaxOcean in China. Specification highlights include a 250t subsea crane, 1750 square meters of deck space, overall length of 123 meters, breadth of 25 meters and POB capacity of 123. Each vessel will be equipped with two work-class ROVs.

The vessels will contribute with capacity in the mid-sized CSV segment to DOF’s global subsea organisation. The vessels’ capabilities make them suitable for a range of projects closely aligned with DOF’s core business areas, including inspection, maintenance and repair (IMR), field support and subsea construction services. DOF continues to experience a strong market and high tendering activity within these segments and currently sees several concrete opportunities to deploy the two vessels with attractive financial return. The exact scope of work for the vessels will be decided closer to delivery based on the overall DOF fleet composition and contract situation at that time.

The vessels are expected to be delivered in Q4 2027 and Q1 2028. 85% of the purchase price will be paid at delivery. The acquisition will be funded through a mix of cash from vessel sales and available debt financing.

Update on Skandi Amazonas

On 15 May 2026, Skandi Amazonas was grounded outside of Macaé, Brazil, following an incident which damaged the hull, resulting in water ingress into the vessel. After a comprehensive effort to assess the overall damage sustained by the vessel, the conclusion is that the potential rebuilding cost exceeds the value for which the vessel is insured under its hull and machinery insurance. DOF has consequently declared a constructive total loss on the vessel, resulting in a hull and machinery insurance payout of USD 115 million.

Transaction rationale and highlights

• The sale of lower-end vessels and acquisition of higher-end vessels is in line with DOF’s fleet high-grading strategy
• The high-grading strategy aims to be net neutral with regards to acquisition costs and divestment proceeds while also maintaining leverage within the target range of 1.5 – 2.0x NIBD / LTM EBITDA
• Selective divestments will be prioritised going forwards  
• Opportunities for second-hand sales of certain vessel types seen at attractive levels, providing a window to renew the fleet
• Acquiring vessels that are currently under construction cuts down the delivery time considerably compared to ordering a new vessel today  
• DOF currently has a record-high backlog and continues to see very high tendering activity across regions
• Key clients are requesting additional capacity and there are several attractive opportunities where the new vessels may be utilised
• DOF is currently chartering in several mid-sized CSVs, and fleet renewal within this segment is a logical step based on the strong outlook
• High-end vessels enhance the earnings capacity of the subsea regions

Mons S. Aase, CEO DOF Group ASA, comments: “The transactions follow DOF’s strategy of high-grading the fleet across vessel segments. Over the past year, including these transactions, DOF has sold nine vessels that have been of lower capabilities or otherwise not suited DOF’s fleet and acquired four higher end vessels. The higher end vessels provide our subsea regions with a larger fleet to execute projects and earn money on. On a simple PSV we have limited opportunities to make additional returns on top of the vessel’s earnings, while the new CSVs will provide us with additional vessels that are able to generate attractive earnings on their own while also increasing the subsea regions’ earnings capacity with no additional investment. That is really the key to our ongoing fleet high-grading; being able to make more money on a more modern fleet while balancing the net spending and therefore not impacting the short-term shareholder return capacity while increasing the long-term potential of DOF. I am therefore very happy to be able to announce these transactions, and I look forward to welcoming the new vessels to our fleet once construction has been finalised.”

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

DOF Group ASA (“DOF”) is pleased to announce that it has received a letter of award for a Very Large* 4-year contract. DOF will utilise Skandi Hera for the contract, which is expected to commence between late 2026 and early 2027. DOF will also provide ROV services under the contract.

The award is subject to partner approval which is expected to be lifted during Q3-26.

*DOF defines a Very Large contract as a contract with value between USD 100 and 200 million.

Contact information:

Eirik Vardøy, Investor Relations DOF Group ASA

Phone: +47 94 83 64 64

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DOF Group ASA ("DOF") is pleased to announce a Large* contract award for Subsea Construction and Pre-Commissioning Support services in the APAC region.

Skandi Inventor will be deployed for the execution of offshore operations scheduled to commence in Q4 2026 in North Australian waters.

The scope of work includes DOF’s in-house project management and engineering, procurement and logistics support services. The offshore campaign is expected to last between 160 and 250 days.

Mons Aase, CEO DOF Group ASA, said:
“I am very pleased to see that Skandi Inventor, combined with DOF’s competence, continues to be in high demand following the vessel’s arrival in the APAC region in early 2026. The vessel now has a firm backlog in the region towards the end of 2027, and we look forward to continuing to deliver safe, efficient and world class subsea and marine services.”

*DOF defines a Large contract as a contract with a value between USD 50 million and USD 100 million.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

DOF Group ASA (“DOF”) is pleased to announce that the anchor handling tug supply vessel Skandi Vega has had its contract extended by two years through an exercise of options by the current client, Equinor Energy AS. The vessel’s contract is now firm until Q3 2029.

Mons S. Aase, CEO DOF Group ASA, commented: “We are happy to see Skandi Vega extended for two years, building further on an already very strong backlog for DOF for the coming years. The vessel has been with Equinor since it was built in 2010, and we are delighted to continue to bring value to them by delivering first-class services.”

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64
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DOF Group ASA ("DOF") is pleased to announce the award of a Large* subsea construction, mooring, disconnection of an existing FSO and connection of a replacement FSO contract to its Atlantic region by TotalEnergies for its FSO Unity Replacement Project.

The scope of work includes engineering, transportation and installation of mooring systems, together with associated subsea construction activities. The project will draw on DOF’s integrated capabilities across project management, engineering and offshore execution, utilising its modern fleet and experienced personnel. Four vessels will be deployed on the project, totaling approximately 330 vessel days. Offshore execution is planned for Q4 2027 and Q1 2028.

Project management and engineering activities will commence immediately from DOF’s offices in Aberdeen, Scotland, and Bergen, Norway.

Mons S. Aase, CEO of DOF Group ASA, commented: “We are pleased that our Atlantic region has been awarded this important contract by TotalEnergies. The contract reflects DOF’s strong track record in delivering complex mooring and subsea construction projects safely and efficiently, supported by our integrated service offering and experienced teams. It represents a significant addition to DOF’s backlog and further strengthens our long-standing relationship with TotalEnergies.”

DOF defines a Large contract as a contract with value between USD 50 and 100 million.

Contact information:
Eirik Vardøy, Investor Relations DOF Group ASA
Phone: +47 94 83 64 64

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