Hunter Group ASA – First quarter results 2025

Oslo, 22 May 2025

Please see the enclosed report for further information.

Financial highlights – Q1 2025:

+————————————+————-+
|Net TC result (loss) | USD (1.50m) |
+————————————+————-+
|Unrealized TC position result (loss)| USD 0.53m |
+————————————+————-+
|Total operating expenses | USD (0.41m) |
+————————————+————-+
|Adj. net profit (loss)* | USD (1.84m) |
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| | |
+————————————+————-+
|Avg. spot-linked TC-out rate |USD 43,400/d |
+————————————+————-+
|Avg. fixed TC-in rate |USD 51,750/d |
+————————————+————-+
|Avg. TC-margin (loss) |USD (8,350)/d|
+————————————+————-+
|Vessel days | 180 / 180 |
+————————————+————-+
| | |
+————————————+————-+
|Cash and working capital | USD 9.54m |
+————————————+————-+

*Excluding unrealized non-cash TC position result (loss)

Contact:

Erik A.S. Frydendal, CEO, ef (a) huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb (a) huntergroup.no, Ph.: +47 932 60 882

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.