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1 Third-quarter 2025 Presentation 30 October 2025 AN INNOVATIVE TECHNOLOGY LEADER IN WASTE MANAGEMENT
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2 DISCLAIMER This presentation (the “Presentation”, which term shall be interpreted to include references to this document, the presenters' speeches, the question-and-answer session and any other related verbal or written communication) has been prepared by Soiltech ASA (the “Company” or “Soiltech“), a company with shares admitted to trading on Euronext Expand. All of the information herein has been prepared by the Company solely for use in relation to this Presentation. The information contained herein does not purport to contain all information concerning the Company. No party has made any kind of independent verification of any of the information set forth herein if not specifically expressed in the Presentation, including any statements with respect to projections or prospects of the business or the assumptions on which such statements are based. The Company does not make any representations or warranty, express or implied, as to the fairness, accuracy, reliability, completeness or correctness of this presentation or of the information contained herein. The information contained in this Presentation is current as of the date hereof and should be considered in the context of the circumstances currently prevailing and has not been, and will not be, updated to reflect material developments which may occur after the date of the Presentation. Neither the Company, nor any of its subsidiary undertakings or affiliates or any such person’s directors, officers, employees, advisors or representatives (collectively the “Representatives”) shall have any liability whatsoever arising directly or indirectly from the use of this Presentation or in any other written material furnished or information orally transmitted to a recipient of this Presentation. Included in this Presentation are various “forward-looking statements”, including statements regarding the intent, opinion, belief or current expectations of the Company or its management. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance and outcomes to be materially different from any future results, performance or outcomes expressed or implied by such forward-looking statements, including, among others, risks or uncertainties associated with the Company’s business, segments, development, growth management, financing, market acceptance and relations with customers, and, more generally, general economic and business conditions, changes in domestic and foreign laws and regulations, taxes, changes in competition and pricing environments, fluctuations in currency exchange rates and interest rates and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this Presentation. An investment in the Company and its shares involves risks, and several factors could cause the actual results, performance or achievements of the Company as described herein to be materially different from any future results, performance or achievements that may be expressed or implied by statements and information in this Presentation. Reference is made to the risk factors included in the listing prospectus published by the Company in relation to the listing on Euronext Expand, available on www.soiltech.no. This Presentation is not a prospectus or similar registration document and does not constitute or form an offer to sell, or a solicitation of an offer to purchase, any securities in any jurisdiction, and neither the issue of this Presentation nor anything contained herein shall form the basis of or be relied upon in connection with, or act as an inducement to enter into, any investment activity. This Presentation should not be considered as a recommendation by the Company, or any other person in respect of the Company, including any affiliated companies or successors, to invest in its securities. This Presentation is governed by Norwegian law and any disputes related to it are subject to the ordinary courts of Norway.
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3 AGENDA 1 Company overall strategy Financial review3 Business plan 2025-2026 HIGHLIGHTS 2 Operational Highlights / Markets Outlook4
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4 SOILTECH DELIVERS INCREASED REVENUES AND RESULTS Q3 revenues of 102 million Q3 EBITDA adj. of NOK 24 million Q3 profit before tax of NOK 10 million POSITIVE MARKET RESPONSE Exceptional growth year-on-year o Revenues 50% o EBITDA adj. 78% o Profit before tax up from NOK – 10 million Continued growth while maintaining profitability Disciplined cost control KEY DRIVERS Customer focus Operational excellence Innovation ANOTHER STRONG QUARTER
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5 AGENDA 1 Company overall strategy Financial review3 Business plan 2025-2026 Highlights 2 OPERATIONAL HIGHLIGHTS / MARKETS Outlook4
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6 OPERATIONAL HIGHLIGHTS / MARKETS HIGH VISIBILITY IN SOILTECH’S MAIN MARKETS The visibility in our main market Europe incl. Norway remains high Client ambition to maintain current oil and gas production levels beyond 2035 Increasing demand international Key drivers are increased focus on waste reduction, reuse and recovery, and stricter regulations HIGH ACTIVITY IN THE QUARTER Commercial uptime 100% across all projects Fluid treatment accounting for 54% of the revenue; solid waste management 46% Norway accounted for 78% of revenue; international 22%
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7 CONTRACT STATUS NORWAY Source: Company Note: Contract start, and duration is Soiltech’s best estimate. Contracts normally follow the rig’s contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity. Rig Name Rig Type Client Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Askeladden Ja ckup Equinor As kepott Ja ckup Equinor Oseberg B P latfor m Equinor Oseberg Sø r P latfor m Equinor Heidrun P latfor m Equinor Visund P latfor m Equinor Statfjord B P latfor m Equinor Gra ne P latfor m Equinor Njor d B (C all Out) FSU Equinor Njord A P latfor m Equinor Deepsea Stav anger Semisub Odfjell Dr illing COSL Promoter Semisub C OSL Dr illing Noble Invincible Ja ckup Noble Dr illing Noble Integrator Ja ckup Noble Dr illing Deepsea Aberdeen Semisub Odfjell Dr illing Deepsea Atlantic Semisub Odfjell Dr illing Deepsea Yantai Semisub PGNIG/COPNO Deepsea Bollsta Semisub Northern Ocea n Transocean Enabler Semisub Transocean Transocean Spitsbergen Semisub Transocean Shelf Dr illing Bar sk Ja ckup Shelf Dr illing 2030NORWAY 2025 20272026 20292028
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8 CONTRACT STATUS INTERNATIONAL Source: Company Note: Contract start, and duration is Soiltech’s best estimate. Contracts normally follow the rig’s contract. When change in client there may be periods without operation. Rigs may carry out Special Periodic Surveys and rig moves where there are no activity. Rig Name Rig Type Client Location Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Swift 10 Jackup Wintershall Dea Netherlands Mariner A Platform Odfjell Technology UK Transocean Barents Semisub OMV Petrom Romania Noble Resilient Jackup Petrogas UK Noble Resolute Jackup Petrogas Netherlands 20292028 20302025 2026INTERNATIONAL 2027
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9 AGENDA 1 Company overall strategy FINANCIAL REVIEW3 Business plan 2025-2026 Highlights 2 Operational Highlights / Markets Outlook4
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10 Third-quarter and First Nine months 2025 results FIRST NINE MONTHS 2025 Revenues of 299 million, +55% year on year (YoY) Already surpassed full-year revenue 2024 of NOK 274 million EBITDA adj. of NOK 69 million, +78% YoY EBITDA adj. margin of 23%, up from 19% YoY Profit before tax of NOK 29 million, up from NOK -4 million YoY Profit before tax margin 10%, up from -2% YoY THIRD QUARTER 2025 Revenues of 102 million, +50% year on year (YoY) EBITDA adj. of NOK 24 million, +78% YoY EBITDA adj. margin of 24%, up from 20% YoY Profit before tax of NOK 10 million, up from NOK -10 million YoY Profit before tax margin 9%, up from -15% YoY 2025 LTM – Rolling Revenue and EBITDA adj. for the last twelve months
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11 KEY FINANCIALS *Adjustments are non-cash cost related to share incentive scheme INCOME STATEMENT BALANCE SHEET FINANCIAL METRICS ROCE = (Operating profit + Adjustments + Merger & IPO expenses) last 12 months / (Total assets – Current liabilities), average last 12 months EPS = Profit after tax / weighted average number of shares in the period (MNOK) Q325 % Q324 % YTD25 % YTD24 % Revenue 102 68 299 193 Operating cost 62 41 184 118 Gross profit 40 39 % 27 40 % 115 38 % 75 39 % SG&A 16 14 47 38 EBITDA adj. 24 24 % 13 20 % 69 23 % 37 19 % Adjustments* -0 -0 -3 1 EBITDA 24 13 66 39 Depreci ati on 9 6 23 16 Merger & IPO expenses - 14 - 17 Operating profit 15 15 % (6) -9 % 43 14 % 6 3 % N e t financial ite m s 6 4 14 9 Profit before tax 10 9 % -10 -15 % 29 10 % -4 -2 % Earnings per share (EPS) Return on capital employed (ROCE) NIBD/EBITDA (12 month rolling) 2.21 NOK 0.92 NOK 2.76 (MNOK) Q325 YTD25 - 16 % Total assets Curre nt liabilitie s N on-curre nt liabilitie s Total equity Total e quity and liabilitie s Equity ratio % (MNOK) 30 Sep25 30 Sep24 541 408 77 64 230 152 234 192 43 % 47 % 541 408
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12 KEY FINANCIALS / CASHFLOW
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13 AGENDA 1 Company overall strategy Financial review3 Business plan 2025-2026 Highlights 2 Operational Highlights / Markets OUTLOOK4
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14 OUTLOOK • The year-on-year growth of 55% in revenues demonstrates the clients’ positive response to our technologies • Activity in Q4 is expected to be lower than Q3 largely due to a reduction in drilling on specific projects, before activity picks up again in Q1 2026 • With basis in a strong contract portfolio, we will continue to deliver solid growth in 2026 • Further ahead, we see a strong and increasing market for our services • Significant growth opportunities in Norway and in our international focus markets • Refinancing on attractive terms with NOK 167 million undrawn as of end Q3
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15 Soiltech ASA Koppholen 25, 4313 Sandnes, Norway www.soiltech.no Contact: Tove Vestlie CFO / Investor Relations Email tove.vestlie@soiltech.no Mobile +47 90690648