#None #Paratus Energy #Fontis Energy #Mexico Payment

Paratus Energy Services Receives Payment in Mexico

Paratus Energy Services Ltd., trading under the ticker symbol "PLSV," recently made headlines with an important announcement regarding its financial dealings in Mexico. On November 24, 2025, the firm revealed that its wholly owned subsidiary, Fontis Holdings Ltd., had successfully collected approximately USD 38 million towards overdue invoices from a key client in Mexico. This substantial payment is particularly noteworthy as it represents the second installment from a government-established fund aimed at supporting investment projects and ensuring prompt payments for suppliers working with Fontis Energy's client.

This recent influx of funds is part of a larger trend for Paratus Energy Services, as the company has accrued a remarkable total of about USD 309 million in payments so far in 2025. The company's leadership expressed their confidence in the normalization of the payment cycle, citing both timely government initiatives and the ongoing recovery efforts from outstanding receivables.

Recovery Efforts and Future Outlook

As Paratus pursues the collection of its remaining receivables, the company's commitment to full recovery remains steadfast. Management acknowledges that while timelines for collections may experience fluctuations, the recent positive developments and support from the Mexican government instill optimism for the future. They believe that the realignment of collections will now be viewed as routine business practice rather than exceptional circumstances.

Given the progress made and the cash flow improvements reported, Paratus Energy Services plans to integrate updates on payments from this client into their regular quarterly results announcements. The firm does not anticipate issuing separate market updates regarding these transactions going forward.

About Paratus Energy Services

Paratus Energy Services Ltd. is primarily known for being an investment holding company comprising a group of reputable energy service firms. The Paratus Group's core of operations is centered around its ownership stake in Fontis Energy, which specializes in offshore drilling with a fleet of five high-specification jack-up rigs stationed in Mexico. Additionally, Paratus holds a 50/50 joint venture interest in Seagems, a leading subsea services provider equipped with six multi-purpose pipe-laying support vessels operating in Brazil.

In summary, the developments in Mexico signal significant strides for Paratus Energy Services as they secure essential cash flows essential for maintaining operational stability and growth. The company's proactive measures in tackling overdue receivables reflect a broader commitment to financial health and strategic partnerships in the energy sector.