Report for Q1 2025

Eidesvik Offshore ASA (the “Company”) publishes its first quarter 2025 results.

For Q1, revenue and EBITDA were NOK 198.8 million and NOK 72.2 million
respectively. EBITDA margin was 36%. Operating profit (EBIT) was NOK 22.5
million and result after taxes was NOK 29.3 million.

Fleet utilisation for the quarter was 100%.

A presentation of the results will be held on 13 May 2025, at 08:30 am CET by
CEO Helga Cotgrove and CFO Lars Tufteland Engelsen. The presentation will be
digital. Please register for the presentation by e-mail to
investor.relations@eidesvik.no within 13 May 2025, at 08:00 am.

The full report and the corresponding presentation are attached to this
notification and available for download from the Company’s website
https://eidesvik.no/investor-relations/.

Bømlo, 13 May 2025

Contacts:
CEO Helga Cotgrove (+47 907 35 246)
CFO Lars Tufteland Engelsen (+47 476 34 045)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.