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1 Fourth quarter and Full-year 2025 Presentation 19 February 2026 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 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 STRONG RESULTS IN THE QUARTER AND CONSIDERS UPLISTING TO EURONEXT OSLO BØRS Q4 revenue of 102 million Q4 EBITDA adj. of NOK 27 million Q4 profit before tax of NOK 13 million GOOD PERFORMANCE ACROSS OPERATIONS Q4 revenues in line with previous quarter Improved profitability with highest margins of 2025 Strong effort by the team and tight cost control Considering uplisting from Euronext Expand Strengthening investor visibility Improving liquidity in the shares A SOLID QUARTER LISTING ON EURONEXT OSLO BØRS
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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 MIDDLE EAST POTENTIAL Regional activity increasing Saudi Arabia and Dubai entries are key milestones The outcome of sustained efforts in the region Cooperation with industrial partners Estedama Environmental Solutions / Wellbore Integrity Solutions Supporting Saudi Arabia’s 2030 Vision SEVERAL KEY CONTRACT AWARDS IN Q4 AND POST QUARTER Saudi Arabia: Fluid treatment (STT) contract with Estedama Environmental Solutions Dubai: Multi-year Fluid treatment (Swarf) contract with Wellbore Integrity Solutions Netherlands: Fluid treatment (STT) and solid waste management contract on Noble Resolute with Noble Corporation NCS: Fluid treatment (STT), onshore waste handling and associated services on Deepsea Yantai with DNO, Wellesley and Well Expertise NCS: Fluid treatment (STT) on a floater NCS: Fluid treatment (STT), onshore waste handling and associated services on West Elara for Total Energies EP Norge AS EUROPE & REST OF THE WORLD Long-term demand visibility in Norway better than in many years Growth opportunities in selected markets
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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.
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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.
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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 FOURTH-QUARTER AND FULL-YEAR 2025 RESULTS FULL-YEAR 2025 Revenues of 401 million, +46% year on year (YoY) EBITDA adj. of NOK 96 million, +51% YoY EBITDA adj. margin of 24%, up from 23% YoY Profit before tax of NOK 41 million, up from NOK 11 million YoY Profit before tax margin 10%, up from 4% YoY FOURTH QUARTER 2025 Revenues of 102 million, +26% year on year (YoY) EBITDA adj. of NOK 27 million, +6% YoY EBITDA adj. margin of 27%, up from 26% YoY Profit before tax of NOK 13 million, down from NOK 15 million YoY Profit before tax margin 13%, down from 19% YoY Fluid treatment NOK 215 million + 11% YoY , 54% of total revenue Solid waste management NOK 186 million +132% YoY , 46% of total revenue Commercial uptime 100% across all projects Revenue / Business segments 65 82 137 178 229 274 401 - 50 100 150 200 250 300 350 400 450 2019 2020 2021 2022 2023 2024 2025 MNOK Revenue 2019 - 2025 LTM CAGR 35% 10 19 26 44 51 63 96 - 20 40 60 80 100 120 2019 2020 2021 2022 2023 2024 2025 MNOK EBITDA adj. 2019 - 2025 LTM CAGR 45% Historical trend
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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 Total assets Curre nt liabilitie s N on-curre nt liabilitie s Total equity Total e quity and liabilitie s Equity ratio % 96 70 591 434 (MNOK) 31 Dec25 31 Dec24 249 159 246 205 591 434 42 % 47 % Earnings per share (EPS) Return on capital employed (ROCE) NIBD/EBITDA (12 month rolling) 2.27 (MNOK) Q425 YTD25 - 15 % NOK 1.21 NOK 3.97 (MNOK) Q425 % Q424 % FY25 % FY24 % Revenue 102 81 401 274 Operating cost 57 40 242 158 Gross profit 44 44 % 41 51 % 159 40 % 116 42 % SG&A 17 17 % 15 19 % 63 16 % 53 19 % EBITDA adj. 27 27 % 26 32 % 96 24 % 63 23 % Adjustments* -1 -0 -4 1 EBITDA 26 26 92 64 Depreci ati on 9 7 32 23 Merger & IPO expenses - 0 - 18 Operating profit 17 17 % 19 23 % 60 15 % 24 9 % N e t financial ite m s 4 3 18 13 Profit before tax 13 13 % 15 19 % 41 10 % 11 4 %
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12 CASHFLOW FULL-YEAR 2025
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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 • Solid order backlog and strong financial position strong basis for further growth • Activity in first quarter 2026 expected to be in line with fourth quarter 2025, followed by higher activity levels from Q2 and onwards • Market visibility in core markets Europe and Middle East remains good • Ongoing technology and market initiatives expected to add value • Stricter environmental regulations worldwide continue to be a key growth driver
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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