The Board has proposed a USD 25 million shareholder distribution for the first quarter and announced a full-year distribution guidance of USD 90-110 million.

“2026 started on a strong note for Energy Holdings. The first quarter marked the first full quarter with all rigs and vessels on contract, generating record financial performance. This represents an important milestone and demonstrates the earnings capacity of the platform we established in 2025,” said Kurt M. Waldeland, CEO.

With solid contract coverage, limited capital expenditure requirements, and a conservative balance sheet, Energy Holdings has a robust foundation for sustained shareholder distributions, while preserving financial flexibility to pursue value-accretive opportunities.

"We enter the remainder of 2026 on strong footing with a fully deployed fleet and a clear strategy. Our focus remains firmly on maintaining a strong backlog and converting strong operational performance into attractive, sustainable returns for our shareholders," Waldeland continued.

Q1 2026 highlights: 

• Strong revenue and EBITDA growth year-over-year, driven by solid operational execution and high utilization.
• Full fleet active and on contract across both Energy Drilling and SeaBird Exploration.
• Strong balance sheet with industry-leading leverage of 0.3x last twelve months adjusted EBITDA.
• Unlocked further financial synergies through an amended debt facility, reducing annual amortization from approximately USD 20 million to approximately USD 8 million.
• Firm revenue backlog of USD 393 million providing significant earnings visibility.
• The Board has proposed a USD 25.0 million shareholder distribution for the first quarter of 2026.
• Full-year guidance of USD 90-110 million in shareholder distributions.

First quarter 2026 presentation 

The first quarter 2026 materials are enclosed and available on the company's website: www.energyholdings.cy/investors/financial-reports/

Energy Holdings will present its financial results for the first quarter of 2026 in a live audio webcast today at 10:00 CEST, hosted by Kurt M. Waldeland, Chief Executive Officer, Sveinung Alvestad, Chief Financial Officer, and Viggo Pedersen, Chief Investment Officer.

The presentation will be followed by a Q&A session and questions may be submitted in writing at any time during the event. A recording of the webcast will be made available on the company’s website after the live event has been concluded.  

Webcast link: https://events.streamhub.no/viewer-registration/XhEKf1Qy/register

For more information, please contact:  
Investor Relations: [email protected] 
Press: [email protected] 

About SED Energy Holdings Plc 
SED Energy Holdings Plc (ticker code "ENH") is a strong industrial partner with a diversified portfolio of resilient, cash-generative assets supported by a robust revenue backlog and a conservative capital structure. Energy Holdings' primary focus is on distributing all excess liquidity to shareholders, while also pursuing disciplined, value-accretive growth. For more information, please visit www.energyholdings.cy.

This information is considered inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.