COSH: Constellation Reports 2Q26 Results

Luxembourg, 25 August 2026 - Constellation Oil Services Holding S.A.
("Constellation" or the "Company") reports today its 2Q26 results. The earnings
release is available on the CompanyŽs Investor Relations website at
ir.theconstellation.com.

2Q26 Highlights:

Consistent revenue and profitability growth
 	99% fleet uptime in 2Q26
 	Net operating revenue totaled US$ 251.8 million, up 81.3% compared to 2Q25
 	Adjusted EBITDA more than doubled, increasing by 130.1% to US$ 126.4 million
compared with 2Q25, driven by repriced contracts and strong operational
execution
 	Cash and cash equivalents, including short-term investments, of US$ 225.5
million on 30 June 2026, reflecting reversal of 1Q26 working capital build-up

Constantly delivering Company's commitments
 	Contract backlog of US$ 2.5 billion with coverage visibility through 2030 
 	Net leverage further reduced to 1.18x
 	Shareholder distribution baseline of US$ 100 million annually, with US$ 50.0
million paid in 1H2026 in two tranches and third tranche of approximately US$
26.0 million approved by the Board on 25 August 2026
 	Completed US$ 650.0 million bond refinancing at a materially reduced coupon in
August, with the new notes rated B+ by both Fitch and Standard & Poor's

We remind you that the Company will host an earnings conference call tomorrow,
Wednesday, 26 August 2026, at 10:00 a.m. BRT (09:00 a.m. EDT and 03:00 p.m.
CEST). The conference call will be webcast live at:
https://tenmeetings.com.br/ten-events/#/webinar?evento=ConferenciadeResultados2T
26_626. Participants are recommended to join the call 10 minutes prior to the
scheduled start time.

A replay of the webcast will be available on the Investor Relations website.

About Constellation 

Constellation is a market leading provider of offshore oil and gas contract
drilling services through its subsidiary Serviços de Petróleo Constellation S.A.
("Serviços de Petróleo Constellation"). With continuous operations since 1981,
Serviços de Petróleo Constellation has built an unmatched reputation for
excellence in offshore drilling services, obtaining ISO 9001, ISO 14001, ISO
45001, and API Spec Q2 certifications for its quality management, environmental
and safety records and systems.



IMPORTANT NOTICE

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date, and are
subject to change without notice. 

This announcement is made by, and is the responsibility of, the Company. 

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. 
The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions.

This announcement does not constitute or form a part of any offer of securities
for sale or a solicitation of an offer to purchase securities of the company in
the United States or any other jurisdiction. Not for publication, distribution
or release, in whole or in part, directly or indirectly, in or into the United
States of America (including its territories and possessions, any state of the
united states of America and the district of Columbia) (the "united states"),
Australia, Canada, the Hong Kong special administrative region of the people's
republic of China or Japan, or any other jurisdiction in which the publication,
distribution or release would be unlawful.
eople's\
republic of China or Japan\, or any other jurisdiction in which the publication\,\
distribution or release would be unlawful.\