Release of Second Quarter / First Half-Year 2025 Results

Bergen, Norway, 16 September 2025. M Vest Water (MVW) today published the
financial results for the second quarter / first half-year of 2025.

Highlights:

* Chemical sales grew by 167% compared to 2Q 2024, strengthening both margins,
EBITDA and the foundation for recurring revenues.
* Aquaculture delivers profitable growth and positive cashflow. Cash
expenditures are mainly related to mobilization costs for large-scale
projects in Germany and the Middle East, as well as investments in our
international expansion.
* Expectations of growth in order intake for NORWAFLOC® in the following
periods.
* Successful qualification of NORWAFLOC® at METHA dredging sludge treatment
facility.
* Contract award from a global leader in the aquaculture industry to upgrade
the customer's salmon slaughterhouse water treatment system.
* Two follow-up orders from existing customers: a second NORWAPOL® retrofit at
a Norwegian oil terminal and an optimization project at SAR Mongstad, both
following two years of successful operations.
* MVW signs Green De-Oiler Technology Trial Agreement with a major Oil & Gas
producer in Oman.
* A major oil producer in Saudi Arabia has decided to qualify MVW's
technology.

The Executive Chairman, Tor Olav Gabrielsen, comments; "To date, Aquaculture
has been our primary growth driver. While total revenues for the first half
year were in line with last year, chemical sales grew by 167% compared to the
second quarter of 2024, strengthening both margins and the foundation for
recurring revenue. Looking ahead, we have several key pilots and full-scale
qualifications scheduled in the coming quarters, and we expect the Oil & Gas
and Dredging segments to drive additional growth from 2026 onwards."

Executive Chairman Tor Olav Gabrielsen and CFO Morten Hilton Thomassen will
present the company's results today on Tuesday, September 16th, 2025, at 10:00
CET, and invite investors, analysts, and other stakeholders to join the
presentation.

Register for the presentation by using the following link:

Microsoft Virtual Events Powered by Teams
(https://events.teams.microsoft.com/event/9ef3f590-b9a9-441d-affd-3597c2e5495f@c288c771-c0e2-4e8c-b1ef-7e1ca1e5d216)

Expected duration: 30 minutes including Q&A.

The recording of the webcast and the presentation material will be published
on MVW's website afterwards.

Contact
For further information, please contact:

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About Us
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as
well as the Municipal markets. The products are non-toxic, biodegradable and
without any harm to the environment. It obtains the highest degree of
purification in a cost-efficient arrangement.

M Vest Water is listed on Euronext Growth under the ticker MVW.
For more information, visit www.mvestwater.com.

This information is subject to disclosure under the Norwegian Securities
Trading Act, §5-12. The information was submitted for publication at
2025-09-16 07:00 CEST.