AKVA Group (AKASF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning and very much welcome to the Q4 presentation of AFA Group. I will do the introduction and the highlights, then Ronny Meinke and the CFO will do financial performance and followed by our Q&A session. So please post any questions during the call and our moderator will read the question during the Q&A session. I like to go straight to the highlights of the fourth quarter. We had a high quarterly revenue of 1.1 billion with a corresponding EBIT of 44 million. Land-based deliver record high quarterly revenue of 422 million. Sea-based secured a strong order intake of 952 million, contributing to total order intake of 1,250,000,000. RAS contract, the value of approximately 220 million was awarded from Tuttlandsvik Akva at the start of Q4. Order backlog total around 2.5 billion at the end of Q4 2025. We also had a very solid or robust cash flow generation in Q4, supported by NOK 153 million in net working capital release. And a dividend of NOK 1 will be paid later during the first half. Key features for Q4. We had a record high revenue for the quarter of 1.1 billion. First and foremost driven by land-based, but also solid uptake on sea-based. EBITDA of 103 million on the back of this high activity. We are pleased with this EBITDA level, even though there are a few specifics to talk about related to project and product mix. That will be explained more in detail by the CFO later in the presentation. EBIT level of 44 million is fair for the quarter. Year to date, revenue of 4.4 billion. That is almost representing a step up of 900 million versus 2024, which is 9%. And that is certainly a very strong growth after quite a few years without any particular growth. So land-based leading there with a step up of 557 million, which is representing rou...