Ades Holding Co. Provides an Update on Its Operations and Announces Full-Year 2026 EBITDA Guidance, Implying a 33-44% Increase from Previous Year’s Upper-End Guidance, Underpinned by Synergies, Diversified Business Growth and Global Platform Strength

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Announcement Detail	ADES Holding Company (“ADES”, the “Group” or the “Company”), a world‑leading oil and gas drilling services provider, provides an update on its operations in light of the ongoing regional situation. A handful of the Group’s offshore rigs in the GCC region have recently been subject to temporary suspensions due to the ongoing regional tensions. Based on the information currently available, the Group believes these suspensions are short-term in nature. ADES remains firmly committed to the safety of its personnel and assets, which continues to be its highest priority, while working closely with clients and relevant stakeholders to monitor developments and ensure operational readiness. The Group's scale and geographic diversification — with 123 rigs deployed across 20 countries — allow it to withstand such short-term disruptions underpinned by its diversified business model. Despite the ongoing situation, ADES is pleased to announce its FY2026 EBITDA guidance range of SAR 4.50-4.87 billion, representing an increase of 33-44% from the FY2025 upper-end guidance of SAR 3.39 billion, reflecting the Group’s increased visibility on earnings drivers across its expanded platform and continued confidence in the resilience of its diversified business model. The Group’s 2026 guidance is supported by a number of factors that have strengthened its forward outlook, including improved visibility on the performance of Shelf Drilling following the acquisition, increased confidence in the realization of expected synergies, and continued momentum across its international platform. ADES also continues to benefit from the diversification of its operating base and broader geographic footprint, alongside encouraging tender activity, an ongoing uptick in utilization driven by the current tendering pipeline, and favorable day-rate dynamics in selected international markets. In parallel, the Group continues to see positive contribution from its production model activities, which are benefiting from a supportive oil price backdrop and continued customer focus on brownfield production optimization.
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Announcement Detail

ADES Holding Company (“ADES”, the “Group” or the “Company”), a world‑leading oil and gas drilling services provider, provides an update on its operations in light of the ongoing regional situation. A handful of the Group’s offshore rigs in the GCC region have recently been subject to temporary suspensions due to the ongoing regional tensions. Based on the information currently available, the Group believes these suspensions are short-term in nature. ADES remains firmly committed to the safety of its personnel and assets, which continues to be its highest priority, while working closely with clients and relevant stakeholders to monitor developments and ensure operational readiness. The Group's scale and geographic diversification — with 123 rigs deployed across 20 countries — allow it to withstand such short-term disruptions underpinned by its diversified business model.

Despite the ongoing situation, ADES is pleased to announce its FY2026 EBITDA guidance range of SAR 4.50-4.87 billion, representing an increase of 33-44% from the FY2025 upper-end guidance of SAR 3.39 billion, reflecting the Group’s increased visibility on earnings drivers across its expanded platform and continued confidence in the resilience of its diversified business model.

The Group’s 2026 guidance is supported by a number of factors that have strengthened its forward outlook, including improved visibility on the performance of Shelf Drilling following the acquisition, increased confidence in the realization of expected synergies, and continued momentum across its international platform. ADES also continues to benefit from the diversification of its operating base and broader geographic footprint, alongside encouraging tender activity, an ongoing uptick in utilization driven by the current tendering pipeline, and favorable day-rate dynamics in selected international markets. In parallel, the Group continues to see positive contribution from its production model activities, which are benefiting from a supportive oil price backdrop and continued customer focus on brownfield production optimization.

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403_26594_4926_2026-03-24_03-04-15_en.pdf