Hamilton, Bermuda, October 20, 2025 - Paratus Energy Services Ltd. (ticker
"PLSV") ("Paratus" or the "Company"), today announces that its wholly owned
subsidiary Fontis Holdings Ltd. (together with its subsidiaries, "Fontis
Energy") has received payment of approximately USD 58 million[1] towards overdue
invoices from its client in Mexico. This significant collection marks the start
of payments from the fund established by the Mexican government to support
investment projects and ensure timely payments to suppliers by Fontis Energy's
client. Including this receipt, the Company has collected approximately USD 271
million in total so far in 2025.
The Company continues to actively pursue collection of its remaining outstanding
receivables and remains committed to recovering the full amounts due, consistent
with its past practice. While the Company acknowledges the potential for
fluctuations in collection timing going forward, it is encouraged by this
initial payment.
For further information, please contact:
Robert Jensen, CEO
Robert.Jensen@paratus-energy.com
+47 958 26 729
Baton Haxhimehmedi, CFO
Baton.Haxhimehmedi@paratus-energy.com
+47 406 39 083
About Paratus
Paratus Energy Services Ltd. (ticker: PLSV) is an investment holding company of
a group of leading energy services companies. The Paratus Group is primarily
comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems.
Fontis Energy is an offshore drilling company with a fleet of five high
-specification jack-up rigs in Mexico. Seagems is a leading subsea services
company, with a fleet of six multi-purpose pipe-laying support vessels in
Brazil.
Note: (1) Amount includes Mexican standard VAT rate of 16%.