AKVA Group ASA Posts Impressive Financial Results for Q3 2025

Robust Financial Performance

In the third quarter of 2025, AKVA group reported exceptional financial results, showcasing a remarkable revenue of NOK 1,112 million. This figure represents a significant increase of NOK 176 million or 19% when compared to the same quarter in 2024. Such a growth trajectory is a testament to the company’s resilience and strategic focus in the aquaculture sector.

EBITDA Growth and Order Intake

AKVA group's EBITDA also witnessed an impressive rise, climbing from NOK 128 million in Q3 2024 to NOK 148 million in Q3 2025, marking an increase of NOK 20 million. This climb in profitability can be attributed largely to heightened revenues alongside improved project margins, particularly within the Land Based business segment. The total order intake stood at NOK 786 million for the third quarter, although it reflects a slight decline from NOK 803 million recorded in the previous year.

Looking Ahead

Despite the drop in order intake, expectations are high for Q4 2025, supported by an active bidding environment. The company anticipates a strong closing quarter, which is critical for sustaining revenue growth into the next year. Notably, a new Recirculating Aquaculture System (RAS) contract awarded to AKVA from Tytlandsvik Aqua is expected to contribute to revenue significantly, with an estimated contract value of NOK 220 million.

Segment Performance Overview

Breaking down the revenue performance, the Sea Based (SB) segment achieved NOK 770 million, a slight increase from NOK 740 million in the previous year. EBITDA for this segment reached NOK 113 million, while EBIT was at NOK 70 million. Correspondingly, EBITDA and EBIT margins experienced slight adjustments, reflecting the dynamic nature of the aquaculture market.

Regional Revenue Insights

Geographically, revenue growth varied across regions. The Nordic region reported a revenue increase from NOK 528 million to NOK 545 million in Q3 2025. In contrast, the Americas experienced a dip in revenue, falling from NOK 156 million to NOK 134 million. Conversely, Europe and the Middle East demonstrated strong performance, climbing to NOK 91 million from NOK 55 million in the same quarter last year.

Land Based Revenue Growth

In the Land Based (LB) division, the quarter saw a significant growth in revenue, soaring to NOK 308 million, doubling from NOK 162 million year-on-year. The segment's EBITDA also improved, showing a significant increase from NOK 5 million to NOK 22 million. This progress highlights the effectiveness of AKVA’s strategic initiatives to penetrate deeper into land-based aquaculture systems.

Digital Platform Performance

The Digital (DI) segment maintained revenue at NOK 34 million, mirroring Q3 2024's performance. However, improvements in EBITDA from NOK 11 million to NOK 12 million indicate a slight enhancement in operational efficiency. This segment, despite its stability, shows potential for further growth as digital solutions in aquaculture gain traction.

Financial Health and Shareholder Returns

AKVA group’s balance sheet remains strong, with working capital at a healthy 10.5% of 12 months rolling revenue. The company reported total assets of NOK 4,239 million and equity of NOK 1,373 million. The equity ratio remained stable at 32.4%. The company notified shareholders of a dividend payment of NOK 1 per share, reinforcing its commitment to providing returns through consistent performance.

Future Outlook

Looking ahead, AKVA is optimistic about its revenue targets, aiming for a minimum of NOK 4.0 billion and an EBIT of around 6% for the year 2025. The company is focused on ongoing investments in technology and service enhancements across all business segments—Sea Based, Land Based, and Digital—to drive future growth.

In summary, AKVA Group ASA continues to position itself as a leader in the aquaculture industry, adapting effectively to market demands and showcasing promising financial health for the coming years.

Frequently Asked Questions

What were the main financial highlights for AKVA Group in Q3 2025?

AKVA Group reported a revenue of NOK 1,112 million, an EBITDA of NOK 148 million, and a significant order intake of NOK 786 million in Q3 2025.

How did the Sea Based segment perform compared to last year?

The Sea Based segment generated NOK 770 million in revenue, with a slight increase in EBITDA, although EBIT faced a small decline compared to Q3 2024.

What is the anticipated outlook for AKVA Group in 2026?

The company expects strong order intake in Q4 25, supporting ongoing revenue growth into 2026.

What strategic areas is AKVA focusing on for growth?

AKVA is investing in technology and service improvements across Sea Based, Land Based, and Digital segments to enhance performance and expand market share.

How does AKVA plan to return value to its shareholders?

The company announced a dividend payment of NOK 1 per share and aims to maximize shareholder returns through sustainable revenue growth and value creation.

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