Vår Energi ASA (VARRY) Analyst/Investor Day Transcript

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Ida Fjellheim
Vice President of Investor Relations

Good afternoon, everyone. It’s a pleasure to welcome you all to Var Energi’s 2026 Capital Markets Update and presentation of our Fourth Quarter 2025 Results. It’s great to see so many people here in the room and also joining us on the webcast.

2025 has been a transformational year for the company. And today, we will present an updated plan for how we will be delivering higher production and more value for longer with material cash flow generation and attractive dividends. Our CEO, Nick Walker, will lead the way, followed by presentations held by several members of our leadership team.

In addition to Nick, Thorhild, Carlo and Ellen, we will have our Head of Projects, Oddgeir Dalane, that will walk us through our high-value project portfolio; and our Head of Exploration, Luca Dragonetti, who will take us through how we will continue to deliver value through our exploration activities. Following the presentations, we will open up for questions.

With that, I’d like to invite Nick to the stage.

Nicholas Walker
Chief Executive Officer

Well, thank you, Ida, and good afternoon, everyone, and welcome to Var Energi’s 2026 Capital Markets Update, together with a review of our Full

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