Havilah Resources Limited (HAV) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody and welcome to Havgrupp Assa's third quarter 2025 financial results presentation. My name is Gunnar Larsen and I am the CEO of Havgrupp. Together I will be presenting alone as Paul Auråg, our CFO, is out of office today. I will as normally present the highlights from Q3. I'll talk about How Group in brief, give you an update on the business segments, we run through the financials in a little bit more detail, and I end up summing up and giving an outlook on how we see the future. After the presentation, as normal, it will be a Q&A session where I will answer the questions that you have already sent in. And you can also send in additional questions during the presentation if you use the link that was given in our press release or Stokke announcement earlier. So here are the Q3 2025 highlights. In the third quarter of 2025, Haag Group delivered significant improvements in both revenue and EBITDA compared to the same period last year. Revenue increased by 44% to NOK 193.7 million and EBITDA reached 1.5 million. This was a clear turnaround from minus 24.8 million last year, and this also marks the fourth consecutive quarter with positive EBITDA. We continue to see strong performance in energy design and smart control systems, and the group maintains a solid balance sheet, with cash positions of 271 million NOx at the end of the quarter. Order intake was 171 million NOx, including contracts for five container-based water purification systems for Greenland and three complete Raven integrated navigation systems for ferries under construction in Turkey. We also secured a contract to act as system integrator and deliver power and automation system for a new ferry at Tashan shipyard. Our order backlog remains robust, standing at 1,266 million NOx as of Se...