High activity and solid profitability
AKVA group delivered record high quarterly revenue in Q2 2025 of MNOK 1 167 (1 014), an increase of 15% compared to Q2 2024.
EBITDA increased from MNOK 110 in Q2 2024 to MNOK 145 in Q2 2025.
Total order intake of BNOK 1,1 in Q2 2025, up from MNOK 888 in Q2 2024. Order backlog was BNOK 2,7 at the end of June 2025.
A new land-based contract with Laxey was signed in May 2025 with contract value of approx. MEUR 20. Another land-based contract was awarded mid-July from Laxey with estimated contract value of MEUR 8.5.
The activity level in the second quarter of 2025 was high with revenue of MNOK 1 167 and order intake of MNOK 1 052. The order intake in the quarter was supported by the award of land-based contract from Laxey with estimated contract value of MEUR 20.
Profitability improved significantly in the second quarter compared to last year and is primarily related to the increased revenue and partly to improved project margins in the Land Based business.
Sea Based (SB)
SB revenue for Q2 2025 ended at MNOK 868 (842). EBITDA and EBIT for the segment in Q2 ended at MNOK 124 (106) and MNOK 85 (68), respectively. The related EBITDA and EBIT margins were 14.3% (12.6%) and 9.7% (8.1%).
Order intake in Q2 2025 was MNOK 655 compared to MNOK 713 in Q2 2024. Order backlog ended at MNOK 895 compared to MNOK 816 last year.
The Nordic region experienced an increase in revenue from MNOK 602 in Q2 2024 …