SED Energy Holdings PLC (FRA:E36)

Q3 2025 Sed Energy Holdings PLC Earnings Call Transcript

Nov 26, 2025 / 09:00 AM GMT

Release Date Price: €0.642 (+1.26%)

Transcript

Key Points

Positve

SED Energy Holdings PLC (FRA:E36) reported strong operational performance with Energy Drilling achieving a technical utilization of 97% and Seaboard reporting 93%.
The company completed its first distribution of $40 million to shareholders in October and announced a second distribution of $20 million for the third quarter.
SED Energy Holdings PLC has a robust revenue backlog of $521 million, providing strong visibility for future earnings.
The company's balance sheet remains exceptionally strong with a net debt to EBITDA ratio of just 0.2%, among the lowest in the industry.
The market outlook for both subsidiaries is encouraging, with strong demand for natural gas in the Asia-Pacific region and a healthy drilling market.

Negative

Seabird Exploration experienced lower than expected technical utilization due to issues with the Fulmer vessel and navigation challenges for the Eagle.
Economic utilization for Seabird was impacted, with a 68% rate for the quarter due to off-hire periods.
The short-term market fundamentals for Seabird have been impacted by geopolitical volatility, delaying investment decisions and contracting activity.
CapEx is expected to increase in the fourth quarter due to recent yard stays and upcoming projects.
Certain countries, like Malaysia, are lagging in drilling demand, affecting overall regional activity.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ENH.OL - Sed Energy Holdings Plc
Q3 2025 Sed Energy Holdings PLC Earnings Call
Nov 26, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to this presentation of the financial results for the 3rd quarter of 2025 for Energy Holdings. My name is Kurt Waldland, and I am the CEO of Energy Holdings.

I am joined today by Vico Peterson, CFO of Energy Drilling, and Sleng Alvista, CFO of Seabbird Exploration.

Before we begin, I kindly ask you to review the disclaimer slide regarding forward-looking statements.

Energy Holding is an industrial holding company uniquely positioned with a robust backlog and a conservative capital structure. Our two subsidiaries, Energy Drilling and Se Exploration, are both leaders in their respective segments, operating in highly attractive niches of the oil and gas service industry with a primary exposure to

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