REG-Subsea 7 S.A. Announces Second Quarter and Half Year 2026 Results

Luxembourg – 30 July 2026 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355, the Company) announced today results of Subsea7 Group (the Group, Subsea7) for the second quarter and first half of 2026 which ended 30 June 2026.

Highlights * Adjusted EBITDA of $471 million in the second quarter, an increase of 31% compared with the prior year period, equating to a margin of 24%, up from 21% in the second quarter last year * Strong performances in both Subsea and Conventional and Renewables, with revenue growth of 9% and 14% respectively year-on-year and continued margin expansion * Order intake of $2.1 billion, equating to a book to bill of 1.1x for the quarter and 0.9x for the first half * High-quality backlog of $13.6 billion including $3.9 billion for execution in 2026, providing high revenue visibility. Backlog of $5.6 billion for execution in 2027, supporting confidence in the longer-term outlook * The Company paid dividends equating to approximately $414 million in May. Nevertheless, net cash including lease liabilities was broadly unchanged from Q1 2026 at $190 million * Guidance for full year 2026 Adjusted EBTIDA margin raised to approximately 24% (previously 23%)