M Vest Water As · OSL:MVW
M Vest Water As — Q3 2025 Earnings Presentation
16 slides from M Vest Water As's earnings presentation, 2025
Slide 1: Third Quarter 2025 Report
THIRD QUARTER 2025 REPORT Presented by: Executive Chairman - Tor Olav Gabrielsen CFO - Morten Hilton Thomassen
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT This presentation contains forward looking information. Forward looking information is based on management assumptions and analysis. Actual outcomes may differ, and those differences may be material. Forward looking information is subject to significant uncertainties and risks a
Slide 3: Agenda
AGENDA 01 02 03 HIGHLIGHTS MVW BUSINESS 04 05 06 FINANCIAL TAKEAWAYS Q&A
Slide 4: Q3 Highlights
Q3 HIGHLIGHTS Chemical sales grew by 33% compared to 3Q 2024 (79% compared to YTD 2024), strengthening both margins, EBITDA and the foundation for recurring revenue. Purchase order from METHA for the Long-Tem Trial in Q4 2025. Two follow-up orders from existing customers: a second NORWAPOL® retrofit
Slide 5: M Vest Water - In Brief
M VEST WATER - IN BRIEF Our Products and Services: NORWAFLOC® : Based on natural and bio-degradable products QUICK FACTS: Founded in 2017 NORWAPOL®: HQ in Bergen, Norway Novel filtration process Subsidiary in Germany Solution provider: Listed on EuroNext Oslo Growth Chemical & Technical expertise 51
Slide 6: Mission
MISSION INNOVATE ECO-FRIENDLY WATER TREATMENT SOLUTIONS MINIMIZE HAZARDOUS CHEMICAL IMPACT SUPPORT A CIRCULAR ECONOMY More than About 80% 1-3 million of the worlds wastewater tons of nano- and flows back into the microplastics is released environment without water into nature per year treatment IMPA
Slide 7: Worldwide Biodegradable Flocculant for Wastewater Treatment Market
WORLDWIDE BIODEGRADABLE FLOCCULANT FOR WASTEWATER TREATMENT MARKET MVW The shift towards natural products has is one of the only officially begun! 10 companies in the world CAGR of 13,8% (2025-2031). that offers biodegradable flocculants Source: VicMarketResearch (2025) MEGATRENDS - DRIVERS: EU, CSR
Slide 8: NORWAFLOC Production Bergen Facility
Recurring Revenue Base: NORWAFLOC PRODUCTION BERGEN FACILITY IN 1000 LITERS: TOTAL VOLUMES OF CHEMICALS PRODUCED 2024 2025 250 200 YTD 2025: 150 LITERS 250 PRODUCED 100 YOY GROWTH 150 67 % 50 90 100 0 Q3 24 YTD 24 Q3 25 YTD 25
Slide 9: Aquaculture
MARKETS SEGMENTS AQUACULTURE Norway, Iceland, STATUS 2026-2027 2028-2030 Scotland, Ireland, Fish slaughterhouses Peru, Chile, Canada Fishmeal factories Discharge Chemical Land-based farming Latest News: exemptions treatment Sensor-based finalized. rollout; MVW adaptive tech. targeting 70% show robus
Slide 10: Dredging and Municipal
MARKETS SEGMENTS DREDGING AND MUNICIPAL Germany STATUS 2026-2027 2028-2030 Europe Dredging plants USA Mobile dredging plants Sand & Gravel, Sand First contract Moving, Mining Latest News: Business Ongoing paid awarded for expansion and long-term pilot at large-scale growth across Sewage sludge METHA
Slide 11: Oil & Gas
MARKETS SEGMENTS OIL & GAS USA STATUS 2026-2027 2028-2030 Middle East Produced water Norway Europe Slop water Oil terminals/refineries Ongoing projects in 100% focus on Business the Middle East. produced water. expansion / NORWAFLOC® Target full-scale growth in GCC supplied to two pilots in the and
Slide 12: Key Figures
KEY FIGURES In NOK 1000 3Q 2025 YTD 2025 3Q 2024 YTD 2024 FY 2024 Revenues 6 915 19 281 5 313 17 952 22 685 EBIT (4 268) (13 128) (5 906) (17 202) (24 170) EBITDA (3 474) (10 764) (5 127) (14 914) (21 087) Profit/(loss) (4 776) (14 086) (6 003) (17 546) (24 530) Cash flow op. (3 235) (15 232) (8 067
Slide 13: Financial Development
FINANCIAL DEVELOPMENT GROWTH IN RECCURING REVENUES 3Q 2024 3Q 2025 YTD 2024 YTD 2025 20000 15000 YoY 79% 10000 YoY 33 % 14.5 MNOK 5000 8 MNOK 6.5 MNOK 4.8 MNOK 0 3Q 2024 3Q 2025 YTD 2024 YTD 2025
Slide 14: Key Takeaways
KEY TAKEAWAYS Aquaculture: Sensor-based and adaptive chemical treatment technology implemented at a salmon slaughterhouse, has demonstrated stable operation and high purification efficiency. Dredging: Only one step away, from advancing to further commercial negotiations regarding long-term contracts
Slide 15: Q&A Session
Q&A Session Connect with us: +47 55 98 99 99 info@mvestwater.com
Slide 16: Disclaimer
Disclaimer This Company Presentation (the “Presentation”) has been produced by M Vest Water (the “Company” or "MVW"). The Presentation has been prepared for information purposes only, and does not constitute or form part of, and should not be construed as, any offer, invitation or recommendation to