New Risk • Jun 02
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 9.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Paying a dividend despite being loss-making. Announcement • May 23
Archer Limited (OB:ARCH) signed a share purchase agreement to acquire isol8 Limited. Archer Limited (OB:ARCH) signed a share purchase agreement to acquire isol8 Limited on May 22, 2026. The acquisition reinforces our ability to deliver safe, efficient, and scalable well abandonment solutions to our global customers.
Completion of the transaction is subject to customary regulatory approvals, expected later in Q2 2026. Announcement • May 21
Archer Limited Approves Cash Distribution for the Second Quarter of 2026, Payable on May 27, 2026 Archer Limited announced that the Board of Directors has approved a cash distribution of NOK 0.62 per share or $6.6 million distribution to shareholders in the second quarter of 2026. The distribution will be in the form of return of capital and will be made from the Company's Contributed Surplus account which consists of previously paid in share premium transferred from the Company's Share Premium account. Payment date is May 27, 2026. Record date is May 21, 2026. Ex-date is May 20, 2026. Last day including right is May 19, 2026. Announcement • May 14
Archer Limited Elects Adrian Geelmuyden as A Director Archer Limited at its Annual General Meeting of Shareholders held on May 12, 2026 elected Adrian Geelmuyden as a Director of the Company. Announcement • Feb 04
Archer Limited Approves Cash Distribution, Payable on February 12, 2026 Archer Limited announced that the Board of Directors approved a cash distribution of NOK 0.62 per share, payable on February 12, 2026 with ex-date of February 4, 2026 and record date of February 5, 2026. Announcement • Jan 08
Archer Limited Appoints Derek Mathieson as Member of the Board of Directors, Effective January 7, 2026 Archer Limited announce the appointment of Mr. Derek Mathieson as a new member of the Company's Board of Directors, effective January 7, 2026. Mr. Mathieson brings more than 25 years of international experience from the energy industry, covering senior leadership positions in technology, operations, and strategy. He held several senior executive positions at Baker Hughes, including Chief Technology and Marketing Officer, Chief Strategy Officer, and President of Western Hemisphere Operations, and played a key role in the integration between Baker Hughes and GE Oil & Gas. Since retiring from full-time executive roles, Mr. Mathieson has served as chair and non-executive director of several UK-based technology and energy companies. He holds a Ph.D. in Microelectromechanical Systems, an honorary Doctorate in Engineering and a Bachelor of Engineering degree from Heriot-Watt University in Edinburgh. Announcement • Nov 05
Archer Limited Approves Quarterly Cash Dividend for Fourth Quarter of 2025, Payable on November 14, 2025 Archer Limited approved distribution of NOK 0.62 per share to shareholders for the fourth quarter of 2025. Ex-date: November 6, 2025. Record date: November 7, 2025. Payment date: November 14, 2025. Date of approval: November 3, 2025. Announcement • Oct 03
Archer Limited to Report Q3, 2025 Results on Nov 28, 2025 Archer Limited announced that they will report Q3, 2025 results on Nov 28, 2025 Announcement • Aug 16
Archer Limited Approves Distribution, Payable on August 26, 2025 Archer Limited announced that the Board of Directors has approved a cash distribution of NOK 0.62 per share. Ex-date: August 18, 2025. Record date: August 19, 2025. Payment date: August 26, 2025. Date of approval: August 13, 2025. Announcement • Jan 30
Archer Limited Provides Earnings Guidance for the Year 2025 Archer Limited provided earnings guidance for the year 2025. For the year, the company expects revenue growth between 8-12%. Announcement • Jan 01
Archer Limited, Annual General Meeting, May 09, 2025 Archer Limited, Annual General Meeting, May 09, 2025. Announcement • Nov 18
Archer Limited (OB:ARCH) completed the acquisition of Wellbore Fishing & Rental Tools, LLC. Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million on October 30, 2024. Total consideration for the acquisition is $51.5 million, which will be financed through an equity capital raise of $40 million (the “Equity Raise”), $10 million worth of shares issued to the existing owners of WFR based on 60-day volume-weighted average price at closing of the acquisition, and cash at hand. The acquisition of WFR is expected to be closed shortly after the Special General Meeting expected to be summoned shortly after the Equity Raise.
Archer Limited (OB:ARCH) completed the acquisition of Wellbore Fishing & Rental Tools, LLC on November 18, 2024. Announcement • Oct 31
Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million. Archer Limited (OB:ARCH) entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC for $51 million on October 30, 2024. Total consideration for the acquisition is $51.5 million, which will be financed through an equity capital raise of $40 million (the “Equity Raise”), $10 million worth of shares issued to the existing owners of WFR based on 60-day volume-weighted average price at closing of the acquisition, and cash at hand. The acquisition of WFR is expected to be closed shortly after the Special General Meeting expected to be summoned shortly after the Equity Raise. Announcement • Aug 16
Archer Limited (OB:ARCH) agreed to acquire an additional 10% stake in Iceland Drilling Company Ltd from Kaldbakur ehf. for $2.5 million. Archer Limited (OB:ARCH) agreed to acquire an additional 10% stake in Iceland Drilling Company Ltd from Kaldbakur ehf. for $2.5 million on August 16, 2024. The transaction is expected to close within the next two months. Announcement • Jul 02
Archer Limited (OB:ARCH) entered into an agreement to acquire Moreld Ocean Wind from Remold Invest AS. Archer Limited (OB:ARCH) entered into an agreement to acquire Moreld Ocean Wind from Remold Invest AS on July 1, 2024. In similar transaction they also acquire minority stake in US/French technology company Ocergy Inc (OCY). Announcement • Mar 16
Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As for NOK 25 million. Archer Limited (OB:ARCH) agreed to acquire 65% stake in Vertikal Service As on March 15, 2024. The consideration consists of NOK 25 million in cash and contribution of Archer’s offshore drilling facilities construction business in Norway. As part of the consideration, NOK 25 million was paid towards common equity. The completion of the transaction is subject to customary closing conditions and Norwegian Competition Authority approval. Announcement • Aug 17
Archer Limited Provides Earnings Guidance for 2023 Archer Limited provided earnings guidance for 2023 . For the year, company expected Revenues to increase by 10% to 20% compared to 2022. Reported Earnings • Aug 17
Second quarter 2023 earnings released: US$0.011 loss per share (vs US$0.13 loss in 2Q 2022) Second quarter 2023 results: US$0.011 loss per share (improved from US$0.13 loss in 2Q 2022). Revenue: US$294.9m (up 48% from 2Q 2022). Net loss: US$16.2m (loss narrowed 17% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.056 loss per share (vs US$0.093 profit in 1Q 2022) First quarter 2023 results: US$0.056 loss per share (down from US$0.093 profit in 1Q 2022). Revenue: US$266.6m (up 36% from 1Q 2022). Net loss: US$17.9m (down 229% from profit in 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Energy Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • May 10
Archer Limited Announces Board Appointments Archer Limited advised that the 2023 Annual General Meeting of the Shareholders of the Company held on May 8, 2023 approved to elect Richard Stables and Arne Sigve Nylund as a Director of the Company. Both Arne and Richard bring extensive experience to the board. Arne has a background from management and operations through his 40 years in Equinor while Richard has a background from banking and corporate finance and was engaged as an advisor in the recent refinancing of Archer. 
