reports
EMGS: Signed agreement for asset sale transaction
EMGS: Signed agreement for asset sale transaction Reference is made to the stock exchange announcement published by Electromagnetic Geoservices ASA (the "Company" or "EMGS") on 9 March 2026 regarding a non-binding term sheet for a transaction (the "Transaction") under which an undisclosed, independent third-party would acquire EMGS' business operations and assets, including hardware, IPR, contractual positions and all of the Company's employees (together, the "EM Business"). EMGS has now entered into a binding transaction agreement (the "Agreement") with the buyer, P-2 Riggs Capital, Inc. ...
EMGS: Non-binding term sheet for asset transaction
EMGS: Non-binding term sheet for asset transaction Reference is made to the previous stock exchange announcements and information published by Electromagnetic Geoservices ASA (the "Company" or "EMGS") regarding the Company's financial situation, including the Company's interim financial report for the fourth quarter of 2025 published on 11 February 2026 and the stock exchange announcements published on 2 January 2026 and 1 October 2025. As previously announced, the Company has been evaluating all available strategic alternatives in order to safeguard the interests of its stakeholders. EMG...
EMGS reports fourth quarter 2025 results
EMGS reports fourth quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the fourth quarter of 2025 is attached. Summary: * The Company recorded revenues of USD 3.9 million, down from USD 9.7 million in the fourth quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 1.3 million, down from USD 7.9 million in the fourth quarter of 2024.* EMGS impaired USD 3.9 million in long-term assets and USD 2.7 million in inventory in the fourth quarter * The Company continu...
EMGS – Vessel activity and multi-client sales update for the fourth qu...
EMGS – Vessel activity and multi-client sales update for the fourth quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. The Atlantic Guardian was redelivered to h...
EMGS: Going Concern & Capital Structure
EMGS: Going Concern & Capital Structure Reference is made to the stock exchange announcement published by Electromagnetic Geoservices ASA's (the "Company" or "EMGS") on 5 November 2025 and to the Company's interim financial report for the third quarter of 2025. As announced, EMGS expects to require additional funding within the near term to sustain operations, and the Company is evaluating several alternatives to preserve value for its stakeholders, including restructuring options. The Company has retained an external advisory firm to support in the ongoing evaluation of all available opti...
EMGS reports third quarter 2025 results
EMGS reports third quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report for the third quarter of 2025 is attached. No separate market presentation will be published this quarter. Summary: * The Company recorded revenues of USD 0.1 million, down from USD 1.1 million in the third quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 6.3 million, down from negative USD 5.9 million in the third quarter of 2024.* Free cash increased with USD 0.2 million during the quarte...
EMGS – Vessel activity and multi-client sales update for the third qua...
EMGS – Vessel activity and multi-client sales update for the third quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. At the end of the third quarter 2025 the Co...
EMGS – Update on operational review
EMGS – Update on operational review As noted in Electromagnetic Geoservices ASA's (the “Company” or “EMGS”) financial report for the second quarter of 2025, the Company is currently undergoing a review of its operational model including the need for a permanently rigged vessel. As a result of this review, the Company has resolved to not extend the charter agreement for the Atlantic Guardian. The vessel will consequently be redelivered to her owners at the expiry of the current charter period on 20 October 2025. The operational review process is still ongoing. EMGS will seek to identify an ...
EMGS reports second quarter 2025 results
EMGS reports second quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the second quarter of 2025 are attached. Summary: * The Company recorded revenues of USD 9.6 million, down from USD 13.8 million in the second quarter of 2024 and down from USD 10.0 million in the first quarter of 2025. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 2.1 million, down from USD 7.0 million in the second quarter of 2024.* Free cash decreased with USD 2.5 million during t...
EMGS – Vessel activity and multi-client sales update for the second qu...
EMGS – Vessel activity and multi-client sales update for the second quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. At the end of the second quarter 2025 the ...
EMGS: Annual general meeting held
EMGS: Annual general meeting held The annual general meeting (the "AGM") of Electromagnetic Geoservices ASA ("EMGS" or the "Company") was held today, 19 June 2025 at 12:00 CEST. All items on the agenda were resolved in accordance with the board of directors' proposals and the Nomination Committee's recommendations. Following the election of new board members at the annual general meeting, the following persons constitute the Company’s board of directors: - Kenneth Ross (Chairman) - Stig Tore Vangen - Glenn Pettersen - Marianne Engelsen Hals - Sasha Siem The minutes of meeting from ...
EMGS: Notice of Annual General Meeting
EMGS: Notice of Annual General Meeting Notice is hereby given of the annual general meeting of Electromagnetic Geoservices ASA ("EMGS" or the "Company"). The annual general meeting will be held at the Company's offices in Karenslyst Allé 4, 4(th) floor, 0278 Oslo, Norway on 19 June 2025 at 12:00 CEST. The calling notice is attached to this stock exchange notification, and will, together with all appendixes, the Company's annual report for 2024, and the remuneration report for 2024 be published on the Company's webpage ContactAnders Eimstad, Chief Financial Officer, About EMGSEMGS, the m...
EMGS reports first quarter 2025 results
EMGS reports first quarter 2025 results Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the first quarter of 2025 are attached. Summary: * The Company recorded revenues of USD 10.0 million, up from USD 0.2 million in the first quarter of 2024 and up from USD 9.7 million in the fourth quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 2.0 million, up from negative USD 3.8 million in the first quarter of 2024.* Free cash decreased with USD 3.1 million during th...
EMGS: Result of Written Resolution of Bondholders
EMGS: Result of Written Resolution of Bondholders Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 pertaining to EMGS’ proposal to extend the maturity date for, and amend certain terms of, the Company’s outstanding bond issue Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”). EMGS has today been notified by Nordic Trustee AS, as trustee for EMGS03, that the proposed resolution has been resolved and adopted. The notice from the written bondholders' resolution is attached to this release. ContactAnde...
EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN...
EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN USD FLOOR STEP C CONV Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 regarding the Siem Day transaction, including the information therein regarding a proposed extension of the maturity date for Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”) as well as certain other proposed amendments to the bond terms related to the transaction. Attached hereto is a summons for a written resolution by the bondholders in EMGS03. The propo...
EMGS: Establishes new business platform within Subsea Construction thr...
EMGS: Establishes new business platform within Subsea Construction through vessel acquisition – no equity required Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce a significant step in the Company’s strategic development through the establishment of a new business platform within the offshore subsea construction market. EMGS has entered into a set of agreements for a transaction (the “Transaction”) whereby a newly formed subsidiary of the Company will acquire the OSCV Siem Day (the “Vessel”) from Siem Day II AS (the “Seller”). The Siem Day, built in 2013 by...
EMGS – Annual report for 2024 - ESEF
EMGS – Annual report for 2024 - ESEF Reference is made to the stock exchange notice published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 24 April 2025, where EMGS published its audited financial statements and annual report for 2024. As noted by the Company in that stock exchange notification, the European Single Electronic Format (ESEF) 2024 annual report would be published on or about 29 April 2025. The ESEF file is attached to this stock exchange notification and will also be available on . ContactAnders Eimstad, Chief Financial Officer, This informat...
EMGS – Board of directors approves audited financial statements and an...
EMGS – Board of directors approves audited financial statements and annual report for 2024 The board of directors of Electromagnetic Geoservices ASA ("EMGS" or the "Company") has today approved EMGS' 2024 annual financial statements and annual report. There are no material changes to the financial statements compared to the preliminary and unaudited full year results presented by the Company on 10 February 2025. EMGS' annual report for 2024 is enclosed to this stock exchange notification. Based on ongoing dialogue, it is the Company’s understanding that bondholders in the Company’s outst...
EMGS – Vessel activity and multi-client sales update for the first qua...
EMGS – Vessel activity and multi-client sales update for the first quarter 2025 Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate. At the end of the first quarter 2025 the Co...
EMGS: Disclosure of Large Shareholding (Flagging)
EMGS: Disclosure of Large Shareholding (Flagging) On 28 March 2025, Siem Investments S.à r.l., holding 43,327,467 shares in Electromagnetic Geoservices ASA (33.08% of shares and votes), was merged into Momentum S.à r.l. Both entities are wholly owned subsidiaries of Siem Industries S.A. The merger did not result in any change in ultimate control. This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act
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