AKVA Group ASA Reports Impressive Growth in Q2 2025
High Activity and Solid Profitability
AKVA group has announced an outstanding performance for Q2 2025, achieving record quarterly revenue of MNOK 1,167, which marks a 15% increase from the previous year. This milestone highlights the company's robust positioning in the aquaculture technology sector.
Financial Highlights
The company saw a significant rise in EBITDA, climbing from MNOK 110 in Q2 2024 to MNOK 145 in 2025. Such improvements reflect not just increased sales but enhanced operational efficiencies, especially within the Land Based sector.
In terms of order intake, AKVA secured BNOK 1.1 in the second quarter, representing growth from MNOK 888 during the same quarter last year. By the end of June 2025, the company had an order backlog of BNOK 2.7, positioning them well for continued success.
Major Contracts Developed
Recently, AKVA group has signed significant contracts that contribute to their order backlog. A noteworthy land-based contract with Laxey, valued at approximately MEUR 20, was awarded in May, followed by another contract of MEUR 8.5 in mid-July. This demonstrates AKVA’s active engagement in expanding their reach in land-based aquaculture solutions.
Segment Performance
Sea-Based Operations
AKVA's Sea Based division reported revenue of MNOK 868 in Q2 2025, slightly increasing from MNOK 842 in the previous year. The segment's EBITDA improved to MNOK 124 from MNOK 106, illustrating strong performance metrics, with margins also showing healthier figures.
Order intake for Sea Based operations was MNOK 655, showing a modest decrease from MNOK 713 in Q2 2024, reflecting general market fluctuations in the Nordic regions. The backlog remains strong at MNOK 895.
Land-Based Reports
In the Land Based segment, the advancement was even more pronounced, with revenues climbing to MNOK 264, up from MNOK 137 the prior year. The profitability metrics, including EBITDA which saw a remarkable recovery to MNOK 13 from a loss last year, indicate that strategic investments are paying off.
Digital Segment Growth
Regarding Digital solutions, the revenue held steady at MNOK 35. The segment saw improvements in profitability, achieving an EBITDA margin of 21.9%. This signifies AKVA's ongoing commitment to enhancing their technological offerings for aquaculture.
Financial Stability and Future Outlook
Balance Sheet Performance
AKVA boasts a healthy financial foundation with working capital comprising 9.4% of the trailing twelve months' revenue. By the end of Q2 2025, the company reported total assets of MNOK 4,217 and equity of MNOK 1,327, reflecting an equity ratio of 31.5%.
With cash reserves and credit facilities totaling MNOK 473, the company remains well-positioned to navigate potential market challenges while pursuing growth opportunities.
Dividend Plans
As part of their commitment to shareholder value, AKVA group has announced a dividend of NOK 1 per share, which will be distributed in the latter half of 2025. This initiative is part of their strategy to enhance shareholder returns through both dividends and appreciation in share value.
Conclusion and Future Prospects
Looking ahead, AKVA group aims for continued momentum, setting a revenue target of at least BNOK 4.0 in 2025 with a projected EBIT of 6%. The company is committed to investing in innovations across their Sea, Land, and Digital segments while building on their strong legacy in aquaculture technology.
About AKVA Group
AKVA group is a notable partner in the global aquaculture industry, employing over 1,400 individuals and maintaining a robust presence in 12 countries. With a track record exceeding four decades, it supplies innovative solutions ranging from single components to comprehensive installations for both sea and land-based aquaculture systems.
Frequently Asked Questions
What were the revenue figures for AKVA group in Q2 2025?
AKVA group generated record revenue of MNOK 1,167 in the second quarter of 2025, a 15% increase compared to Q2 2024.
How did the profitability of AKVA group change in Q2 2025?
AKVA group's EBITDA improved significantly, increasing from MNOK 110 in Q2 2024 to MNOK 145 in Q2 2025.
What major contracts were signed by AKVA group recently?
AKVA group signed a land-based contract with Laxey, valued at approximately MEUR 20, and another one valued at MEUR 8.5 shortly thereafter.
What is AKVA's financial target for 2025?
The company aims to achieve a minimum revenue of BNOK 4.0 in 2025, alongside a target EBIT of 6%.
What is the significance of the announced dividend for shareholders?
AKVA group plans to distribute a NOK 1 dividend per share in the latter half of 2025, reflecting their commitment to maximizing shareholder returns.
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