Financial Statements and Related Announcement::Full Yearly Results

Issuer & Securities

Issuer/ Manager
CONSTELLATION OIL SERVICES HOLDING S.A.
Securities
CONSTEOILUS$650M9.375%N291107A - US650921AA71 - 5TCB
CONSTEOILUS$650M9.375%N291107R - USL67356AA09 - 9QPB
Stapled Security
No

Announcement Details

Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
24-Mar-2026 07:16:31
Status
New
Announcement Sub Title
Full Yearly Results
Announcement Reference
SG260324OTHRWR8H
Submitted By (Co./ Ind. Name)
Joao Pedro Zakour
Designation
Investor Relations Analyst
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Luxembourg, March 23rd, 2026 Constellation Oil Services Holding S.A. ( Constellation or the
Company ) reports today its Fourth Quarter and Full Year 2025 earnings release, which are available
on our website ri.theconstellation.com.

Full Year 2025 Highlights:
Fleet uptime for 2025 came in at 95%.
US$ 1.7 billion in contract backlog as of December 2025.
Net revenues for 2025 totaled US$ 597.2 million in 2025, of which US$ 29.1 million are related
to the managed fleet operation.
Adjusted EBITDA came in at US$ 232.8 million (39.0% margin) for the year.
Cash and cash equivalents, including short-term investments, increased to US$ 227.7 million
as of December 31, 2025, compared to US$ 182.5 million as of December 31, 2024.
Net debt decreased 9.1% to US$ 418.1 million compared to US$ 459.8 million on December
31, 2024.
CAPEX of US$ 175.1 million in 2025, mainly related to the contract transitions carried out
throughout the year.

We remind you that we will host an earnings conference call tomorrow, Tuesday, March 24, 2026, at
10:00 a.m. BRT (09:00 a.m. EDT and 02:00 pm CEST). The conference call will be webcast live at
[link]. It is recommended that participants call 10 minutes prior to the scheduled start time.
A webcast replay of the call 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 Servi os de Petr leo Constellation S.A. ( Servi os de Petr leo Constellation ). With
continuous operations since 1981, Servi os de Petr leo 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.

Additional Details

For Financial Period Ended
31/12/2025

Attachments

Press Release_4Q25 Results Report.pdf
Constellation Oil FInancial Statement.pdf
4Q25_Earnings Release.pdf
Total size =2217K