Impressive Q2 2025 Financial Performance for AKVA Group
High Activity and Solid Profitability
AKVA group has reported an impressive financial performance in Q2 2025, with quarterly revenue reaching an astounding MNOK 1,167, reflecting a remarkable 15% increase from the previous year's Q2 revenue of MNOK 1,014. This growth trajectory indicates a robust demand for the company's offerings and robust operational efficiency.
Revenue and Profit Growth
The company's EBITDA also saw a significant rise, climbing from MNOK 110 in Q2 2024 to MNOK 145 in Q2 2025, illustrating the enhanced profitability stemming from increased revenues and improved project margins, particularly in the Land Based segment. With total order intake reported at BNOK 1.1, a substantial rise from MNOK 888 in Q2 2024, the order backlog stood impressively at BNOK 2.7 by the end of June 2025.
New Contracts and Continued Growth
In May 2025, AKVA group entered into a new land-based contract with Laxey, valued at approximately MEUR 20. This contract demonstrates the company's ongoing commitment to expanding its service offerings and solidifying its position in the aquaculture industry. An additional land-based contract was awarded in mid-July, worth an estimated MEUR 8.5, further affirming AKVA’s growth momentum within this lucrative segment.
Segment Performance Review
Sea Based Segment
Focusing on the performance in the Sea Based (SB) segment, revenue for Q2 2025 reached MNOK 868, up from MNOK 842 in Q2 2024. The segment also experienced an upsurge in both EBITDA and EBIT, reaching MNOK 124 and MNOK 85, respectively, which translates to improved margins of 14.3% and 9.7%, compared to the prior year's 12.6% and 8.1%. Despite a slight dip in order intake, with Q2 2025 figures at MNOK 655 compared to MNOK 713 the previous year, the order backlog’s growth signifies ongoing demand for AKVA's sea-based solutions.
Land Based Segment
Revenue in the Land Based (LB) segment skyrocketed to MNOK 264, a substantial rise from MNOK 137 in Q2 2024. The EBITDA turned positive at MNOK 13, marking a significant turnaround compared to the preceding year's loss. The order intake has increased dramatically to MNOK 316, compared to MNOK 149 last year, and contributes to the impressive 60% share of total order backlog in this segment, amounting to MNOK 1,630.
Financial Health and Strategy
AKVA group maintains a stable financial structure, with working capital as a percentage of rolling revenue reported at 9.4%. By the end of Q2 2025, the company's cash reserves and unused credit facilities amounted to MNOK 473. Total assets and equity stood at MNOK 4,217 and MNOK 1,327 respectively, reflecting a solid equity ratio of 31.5%. The company boasts a leverage ratio of 2.30, adhering to all bank covenants, showcasing financial discipline.
Shareholder Value and Future Outlook
In line with its commitment to shareholder returns, AKVA group has declared a dividend of NOK 1 per share in the second half of 2025. The firm anticipates achieving a minimum revenue of BNOK 4.0 and an EBIT margin of 6% for the year, driven by continued advancements across its Sea Based, Land Based, and Digital divisions. The company aims for sustained growth momentum, particularly in innovative deep farming concepts.
About AKVA Group
AKVA group is a prominent technology and service provider for the global aquaculture industry, employing approximately 1,434 individuals and operating across 12 countries. With an impressive turnover of NOK 3.6 billion in 2024, it stands out as a leader in its field, providing comprehensive solutions that cover everything from standalone components to complete farming installations. Known for over 40 years as a pioneering technology provider, AKVA continues to shape the future of aquaculture.
Frequently Asked Questions
What financial performance did AKVA Group achieve in Q2 2025?
AKVA Group recorded quarterly revenue of MNOK 1,167, a 15% increase compared to Q2 2024, and noted EBITDA growth from MNOK 110 to MNOK 145.
What segments contributed to AKVA Group's performance?
The performance was driven by significant growth in both the Sea Based and Land Based segments, showcasing increased revenue and profitability.
What is the forecast for AKVA Group in 2025?
AKVA Group aims for a minimum revenue of BNOK 4.0 and an EBIT margin of 6% by focusing on innovative solutions across its business segments.
Did AKVA Group declare any dividends for shareholders?
Yes, the company has decided to pay a dividend of NOK 1 per share for the second half of 2025, enhancing shareholder returns.
What makes AKVA Group a leader in the aquaculture industry?
With over 40 years of experience, AKVA Group is recognized for its pioneering technology and comprehensive service offerings, marking it as a key player in the aquaculture sector.
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