AKVA group ASA (AKASF) Q4 2025 Earnings Call Transcript

SA Transcripts158.36K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call AKVA group ASA (AKASF) Q4 2025 Earnings Call February 13, 2026 4:00 AM EST Company Participants Knut Nesse - Chief Executive OfficerRonny Meinkøhn - Group Chief Financial Officer Conference Call Participants Henrik Knutsen - Pareto Securities AS, Research Division Presentation Knut NesseChief Executive Officer Ladies and gentlemen, good morning, and very much welcome to the Q4 presentation of AKVA Group. I will do the introduction and the highlights.

Then Ronny Meinkoehn, the CFO, will do financial performance and followed by a Q&A session. So please post any questions during the call, and our moderator will read the question during the Q&A session. I'd like to go straight to the highlights of the fourth quarter. We had a high quarterly revenue of NOK 1.1 billion with a corresponding EBIT of NOK 44 million. Land Based delivered a record high quarterly revenue of NOK 422 million. Sea Based secured a strong order intake of NOK 952 million, contributing to total order intake of NOK 1.250 billion. A RAS contract of a value of approximately NOK 220 million was awarded from Tytlandsvik Aqua at the start of Q4. Order backlog totaled around NOK 2.5 billion at the end of Q4 2025. We also had a very solid or robust cash flow generation in Q4, supported by NOK 153 million in net working capital release. And our dividend of NOK 1 will be paid later during first half. Key features for Q4. We had a record high revenue for the quarter of NOK 1.1 billion, first and foremost driven by Land Based, but also a solid uptake on Sea Based. EBITDA of NOK 103 million on the back of this high activity. We are pleased with this EBITDA level, even though there are a few specifics to talk about related to project and product mix. That will be explained