#Bermuda #Hamilton #Paratus Energy #Fontis Energy #Mexico Payments

Paratus Energy Services Reports Major Payment Collection in Mexico

October 20, 2025 - Hamilton, Bermuda - Paratus Energy Services Ltd. (ticker symbol: PLSV) has announced a significant financial milestone with its wholly owned subsidiary, Fontis Holdings Ltd., receiving approximately USD 58 million in overdue payments from its client in Mexico. This collection is particularly noteworthy as it marks the initial disbursement from the fund set up by the Mexican government to facilitate investment projects and to ensure timely payments to suppliers, including those working with Fontis Energy.

In total, Paratus has successfully gathered approximately USD 271 million in 2025, representing a significant portion of its outstanding receivables. This major payment collection signals a positive trend for the company as it navigates the complexities of international transactions and engagements within the energy sector.

Robert Jensen, the CEO of Paratus, expressed optimism regarding this payment achievement, highlighting it as an encouraging sign for future receivables. “While we are aware that payment collection timings can fluctuate, we remain committed to recovering all outstanding amounts effectively, as we have successfully done in the past,” Jensen commented.

Details of the Payment

The USD 58 million receipt includes the standard Value Added Tax (VAT) applicable in Mexico, which is currently set at 16%. This thorough collection was facilitated by an agreement with the Mexican government to support entities like Fontis Energy, whose operations are critical to the local economy. The company has committed itself to following up diligently on its remaining outstanding receivables, aiming to secure their full value.

Fontis Energy operates primarily within the offshore drilling sector in Mexico, boasting a fleet of five high-specification jack-up rigs. These assets position the company strategically within the energy landscape, allowing it to serve its clients efficiently and robustly.

Future Outlook

Looking ahead, Paratus Energy Services remains cautiously optimistic. The financial performance in 2025 is indicative of a potential recovery trajectory for the company, marking an essential turning point after financial challenges in recent years. The funding mechanism established by the Mexican government is expected to bolster ongoing operations and support future projects aimed at enhancing local energy resources.

In the context of ongoing projects and responsibilities, Paratus Energy emphasizes its focus on enhancing operational efficiencies while striving to improve collection processes. The company’s past experiences have led them to develop robust strategies for asset management and client engagement, enabling them to navigate the fluctuations inherent in international operations.

The recent progress showcases the resilience of Paratus and its subsidiaries in the volatile energy sector, setting a precedent for potential growth and stability.

For any further inquiries or information, individuals may reach out to Robert Jensen, CEO, at [email protected] or Baton Haxhimehmedi, CFO, at [email protected]

About Paratus Energy Services Ltd.

Paratus Energy Services Ltd. is an investment holding company focusing on leading energy services. The company primarily operates through Fontis Energy, along with a joint venture interest in Seagems, a notable subsea services provider operating a fleet of six multi-purpose pipe-laying support vessels in Brazil. With a commitment to sustainable and responsible operations, Paratus aims to be a significant player in energy services both in Mexico and beyond.