The Group delivered a strong finish to 2025, with continued improvement in financial performance in the fourth quarter, driven by revenue growth, improved profitability, and disciplined cost control.
Adjusted for the impact of discontinued activities, Group revenues increased by 3.4 per cent in the quarter. Total revenues for the quarter reached NOK 315.9 million.
Earnings before depreciation and amortization (EBITDA) increased significantly compared to 2024 and reached NOK 35.9 million (2024 NOK 23.5 million).
The operating profit (EBIT) for the quarter was NOK 22.6 million (2024 minus NOK 5.2 million).
The Group repaid bank debt of NOK 40.0 million at year end, reflecting strong cash generation during the quarter. As a result, cash at the end of the quarter was NOK 130.8 million (2024 NOK 111.4 million). The Group’s financial position has strengthened materially through improved profitability, strong cash generation, and reduced interest-bearing debt and the group entered 2026 with improved financial resilience.
Net interest-bearing debt was reduced significantly reflecting strong underlying cash flow. At year end 2025 the Group was in a net cash position of NOK 20.8 million (2024 net interesting-bearing debt of NOK 38.6 million).