Paratus Energy Services Secures Significant Payment from Mexican Client

Paratus Energy Services Ltd., which trades under the ticker symbol PLSV, has announced a major financial milestone achieved by its subsidiary, Fontis Holdings Ltd. Recently, Fontis has successfully collected approximately $38 million in overdue invoices from a client based in Mexico. This payment marks a pivotal moment for the company as it reinforces their commitment to recovering outstanding receivables and streamlining operations amidst fluctuating cash flows.

The payment received is part of a broader initiative launched by the Mexican government to facilitate timely payments to suppliers involved in critical investment projects. This government-backed effort aims to ensure that companies like Fontis Energy can meet their financial commitments without undue delays. To date, since the beginning of 2025, Paratus has managed to collect around $309 million, showcasing a significant improvement in its receivables situation.

As the energy sector continues to navigate complex financial landscapes, Paratus remains proactive in pursuing collections of remaining outstanding invoices. The company has expressed a strong commitment to recovering all amounts owed, adhering to its operational practices and fiscal responsibilities.

While acknowledging that the timing of payments can still vary, the recent influx of payments, coupled with ongoing support from government initiatives, instills a sense of optimism regarding the normalization of cash flow cycles. The company believes that future payments from its Mexican client will align with regular business operations. As a result, Paratus does not foresee the need for separate market updates on these payments, as they will be reported during their quarterly financial results announcements.

The announcement of this payment is led by Robert Jensen, CEO of Paratus Energy Services, and CFO Baton Haxhimehmedi. They emphasize that this achievement is just part of the company’s efforts to stabilize its financial standing and enhance investor confidence amidst a fluctuating economic backdrop.

Paratus Energy Services is well-regarded within the energy sector for its expansive portfolio, which includes offshore drilling operations through Fontis Energy and a joint venture stake in Seagems, which offers subsea services. Fontis Energy specifically operates a fleet of high-specification jack-up rigs in Mexico, positioning the company strategically for growth in the region.

This latest payment is a testament to Paratus's persistence and strategic planning as they navigate the complexities of the energy market. Moving forward, the company aims to leverage this positive momentum to strengthen its operations, support further growth initiatives, and continue to provide value to its stakeholders and shareholders.

As Paratus Energy Services charts its course for the future, the ongoing partnership with the Mexican client, supported by government initiatives, highlights the importance of collaboration and prompt transactions in fostering a more stable operational environment. The company remains committed to adapting to challenges and ensuring that it remains at the forefront of the energy services industry, while actively pursuing all available avenues for enhancing its financial health.