Vow ASA Reports Mixed Q3 Performance Amid Strong Market Demand

Vow ASA: A Comprehensive Q3 Performance Overview

Recently, Vow ASA (OSE: VOW) shared its preliminary unaudited consolidated accounts for the third quarter of 2025. The report indicates a variance from expectations regarding EBITDA, particularly in two critical projects within the Industrial segment. Despite this setback, there is positive momentum in both the Maritime and Aftersales segments, which are thriving due to strong demand and heightened activity levels.

Understanding the Financial Details

The detailed financial assessment revealed that the costs associated with crucial industry projects have been underestimated, impacting margins and the technical reporting of project progress. As a result, Vow ASA has experienced a revenue reversal for Q3, which, importantly, does not affect cash flow. The preliminary figures show an EBITDA of around NOK -70 million for the Industrial Solutions segment, with the Group's total EBITDA recorded at approximately NOK -33 million.

Progress Despite Challenges

It’s essential to note that these projects, despite the fiscal challenges, are advancing toward completion. Vow ASA remains committed to working closely with its customers to bring these projects to fruition. This focus on collaboration ensures that the Company maintains its reputation for reliability and excellence, even amidst financial unpredictability.

Cost Control and Profit Improvement Initiatives

In light of the financial adjustments, Vow ASA is proactively launching a profit improvement program aimed at bolstering cost control measures, enhancing profitability, and increasing overall operational efficiency. This initiative marks a strategic move to navigate challenges head-on while preparing for sustainable growth in the future.

Dialogue with Financial Partners

Transparency and communication are vital practices for Vow ASA. The Company has been actively engaging in discussions with DNB, successfully obtaining a waiver for the reporting period ending on September 30, 2025. This constructive dialogue underscores Vow ASA's commitment to maintaining strong relationships with its financial partnerships.

Future Reporting and Strategic Revisions

A detailed final report for Q3 2025 is scheduled for release on November 19, 2025, at 07:00 CET. This report will provide an in-depth look at the Company’s performance alongside additional insights regarding its operational strategies.

In tandem with the financial analysis, Vow ASA is revisiting its strategies to adapt to changing market dynamics. These revisions are part of a broader initiative to ensure that the Company remains a competitive player in its industry.

About Vow ASA

Vow ASA and its subsidiaries, including Scanship, C.H. Evensen, and Etia, are dedicated to preventing pollution through innovative solutions. The Company specializes in converting biomass and waste into valuable resources, generating clean energy across various sectors.

With advanced technologies, Vow ASA empowers industries to achieve decarbonization and effective material recovery. Its solutions, which transform biomass, sewage sludge, plastic waste, and end-of-life tires into clean energy and low carbon fuels, are scalable and robust, proving the Company’s capacity to deliver transformative results.

Leading Change in the Cruise Market

Within the cruise market, Vow ASA holds a leading position in wastewater purification and waste valorisation. The Company's technologies are pivotal in aiding industries transition towards sustainable practices, replacing conventional energy sources with renewable options.

Moreover, Vow ASA has established strong footholds in niche markets, including food safety, robotics, and industries that demand high heat and energy efficiency. This diversified strategy reflects the Company’s commitment to addressing global challenges through innovative, green solutions.

Contact Information

For further inquiries, please reach out to:

Gunnar Pedersen, CEO, Vow ASA
Tel: +47 916 30 304
Email: gunnar.pedersen@vowasa.com

Cecilie Brænd Hekneby, CFO, Vow ASA
Tel: +47 992 93 826
Email: cecilie.hekneby@vowasa.com

Frequently Asked Questions

What was Vow ASA's EBITDA for Q3 2025?

The preliminary EBITDA for Q3 2025 was approximately NOK -33 million for the Group.

How does the revenue reversal impact cash flow?

The revenue reversal experienced has no cash impact according to the preliminary results.

What steps is Vow ASA taking to improve profitability?

The Company has launched a profit improvement program focused on cost control and operational efficiency.

When will the detailed financial report be available?

The final Q3 2025 report is set to be released on November 19, 2025, at 07:00 CET.

What are Vow ASA's core business areas?

Vow ASA focuses on converting waste into valuable resources and clean energy, with strong positions in wastewater purification, food safety, and robotics.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

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