Q4 EBITDA of USD 186m (+5%/ 13% vs. cons/ARCe)End Q4 NIBD USD 26m lower than ARCeUSD 115m dividend declared (70% of CFFO)Reduced 2026 production guidance: 45 kboepd (vs. 50 previously)Halfdan North and Valdemar Bo South reworked to enhance returns - 2027-30 capex indicated lower
