| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenue decreased in Q1'26 by 10% compared with Q1'25, mainly due to a lower rig utilization rate (82% vs. 83%) as well as the absence of one exceptional rig move was in Q1'25, partially offset by the full revenue impact of unconventional rigs and a new barge |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Net profit decreased in Q1'26 compared with Q1'25, which is in line with the decrease in revenue, partially offset by lower G&A and depreciation costs |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenue slightly decreased in Q1'26 by 0.3% compared with Q4'25, mainly due to the absence of one exceptional rig move in Q4'25, offset by revenue from recalled rigs in Q1'26 |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | Net profit increased in Q1'26 compared with Q4'25, mainly due to the absence of a one-off non-cash asset impairment recorded for three inactive land rigs in Q4'25, as well as de-mob costs for one offshore rig in Q4'25 |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not applicable |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | Profit (loss) per share for current quarter is based on 89,000,000 shares. |
| Attached Documents | Attached Documents |
