November 28, 2025 - Ventura Offshore Holding Ltd. (the "Company") announces
results for the third quarter of 2025. The results highlights will be
discussed in an audio conference call on Friday, November 28, 2025 at 14:00
CET. Dial-in details for the conference call can be found below.
Highlights
* Operational uptime of 95.6% and financial uptime of 91.9% in 3Q25 for the
combined fleet of owned and managed rigs
* Our customer Eni declared the second of the four optional wells in Indonesia
for SSV Catarina
* Net Income of $22.3 million for the quarter
* Adjusted EBITDA of $19.7 million for the quarter
* Free cash position of $35.5 million after repaying $9.5 million on the RCF
during the quarter
Guilherme Coelho, Chief Executive Officer commented:
"We were very pleased to report the exercise of the second optional well by
our customer Eni for the SSV Catarina, which reflects the top-tier performance
of the unit and further increases our firm backlog by approximately $10
million. Another highlight was the delivery of solid operational performance
to our customers during this quarter. Ventura Offshore remains firmly focused
on securing additional backlog and believes to be well positioned to capture
current and future opportunities."
Link to conference call:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_YTRjNzI1ZmItMjNkNy00Y2NkLThlZWItMTQ0MDM5MDk1MmRk%40thread.v2/0?context=%7B%22Tid%22%3A%224cbfea0a-b872-47f0-b51c-1c64953c3f0b%22%2C%22Oid%22%3A%229dd306f2-be12-4fa5-b89a-0e445936890c%22%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a
For further queries, please contact:
Guilherme Coelho
Chief Executive Officer
+55 21 99311 1167
guilherme.coelho@ventura-offshore.com
This information is subject to disclosure under the Norwegian Securities
Trading Act, ยง5-12. The information was submitted for publication, through the
agency of the contact persons set out above, at 2025-11-28 07:00 CET.
About Ventura Offshore Holding Ltd.
Ventura Offshore Holding Ltd. is a deep water drilling contractor providing
deep water offshore drilling services to the oil and gas industry. The
Company's core activities are focused in the Brazilian offshore oil and gas
market. The Company owns and operates one drillship, DS Carolina, and two
semisubmersible drilling rigs, SSV Victoria and SSV Catarina, and manages one
drillship, DS Zonda. The Company is incorporated under the laws of Bermuda.
Additional information about Ventura Offshore Holding can be found at
https://ventura-offshore.com/en/a-ventura/.
Forward-looking statements
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