Akastor ASA: HMH Holding Inc releases second quarter results

HMH Holding Inc (Nasdaq ticker: HMH) has today released its financial results for second quarter 2026, which is attached hereto and also available on HMH's investor relations website: htttps://hmhw.com/investors.

The corresponding filing to the U.S. Securities and Exchange Commission ("SEC") can be found under a separate folder on the HMH website:

https://investor.hmhw.com/financials/sec-filings.

Akastor ASA's current equity interest in HMH is about 36%.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer Tel: +47 917 59 705

E-mail: oyvind.paaske@akastor.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jing Li Taklo, Head of Financial Reporting, Akastor ASA, on August 5, 2026, at 22:30 CET.

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About HMH

HMH is a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. HMH's global reach, technical expertise and innovative product offerings, coupled with its integrated operations from manufacturing to aftermarket services, allow HMH to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment it provides. In addition, HMH is growing its portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of HMH's installed equipment drive customers to choose HMH for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation.

HMH was formed as an independent company in October 2021 through the merger of Baker Hughes' (Nasdaq: BKR) Subsea Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS. The shares of HMH's Class A common stock began trading on The Nasdaq Global Select Market on 1 April 2026 under the ticker symbol "HMH."

For further information, please visit homepage: https://hmhw.com/

About Akastor

Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation.

For further information, please visit homepage: https://akastor.com/