May 29, 2026 – Ventura Offshore Holding Ltd. (the “Company”) announces results for the first quarter of 2026. The results highlights will be discussed in an audio conference call on Friday, May 29, 2026 at 14:00 CEST. Dial-in details for the conference call can be found below.

Highlights

  • Quarterly operational uptime of 96.8% and financial uptime of 91.1% for the combined fleet of owned and managed rigs
  • Net Income of $25.8 million for the quarter
  • Adjusted EBITDA of $21.5 million for the quarter
  • Free cash position of $37.2 million

Subsequent events

  • Announced contract extension of 1,455 days for SSV Victoria
  • Announced contract extension of 135 days for DS Carolina
  • Announced contract extension of 365 days for Atlantic Zonda
  • Raised $75 million through tap issue under bond loan
  • Agreed revised bond terms postponing remaining instalments under bond loan to April 2027
  • Agreed extended maturity date of Revolving Credit Facility to December 31, 2026

Guilherme Coelho, Chief Executive Officer commented:

“We are very happy to report another quarter of strong operational execution delivered by the Ventura Offshore teams, with operational uptime again at high levels. Many of the most significant milestones for the Company, nonetheless, occurred shortly after quarter-end, when we announced the securing of close to half a billion dollars in additional backlog to our rigs operating in Brazil, further strengthening our revenue visibility, and the successful raise of $75 million through a tap issue under our existing bond framework. Together, these achievements reflect the quality of our operational platform, strengthen our commercial position, and improve our financial flexibility, as we continue to position ourselves for long-term value creation.”

Link to conference call:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZDQ4YmI2YzMtOWVlZC00ZjY1LTgwYTktMDZkYjhlODAwNTY5%40thread.v2/0?context=%7b%22Tid%22%3a%224cbfea0a-b872-47f0-b51c-1c64953c3f0b%22%2c%22Oid%22%3a%229dd306f2-be12-4fa5-b89a-0e445936890c%22%7d

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