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Inin Group
Inin Group (ININ) investor relations material
Inin Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary8 May, 2026
Executive summary
Operating as a listed investment company, the group focuses on infrastructure and industry services in the Nordics, leveraging a buy-and-build strategy with three main platforms: Rail, Power, and Inspection (TIC).
Qben Rail was divested in January 2026 for up to NOK 850 million, realizing a 2.3x return on invested equity over three years.
Qben Power and Qben Inspection (TIC) remain core platforms, with Qben Power showing positive EBITA and Qben Inspection reporting negative EBITA for 2025.
Financial highlights
Group operating revenue (excluding Qben Rail) was NOK 942.6 million in 2025, up from NOK 884.1 million in 2024.
EBIT improved to NOK -11 million from NOK -112.2 million year-over-year.
Net loss from continuing operations was NOK -125.9 million (2024: NOK -120.5 million); net loss for the period was NOK -91.5 million (2024: NOK -149.1 million).
Cash flow from operating activities was NOK 112.7 million, with total assets at NOK 1,291.9 million and equity at NOK 136.1 million (equity ratio 10.5%).
No dividend was paid or recommended for 2025.
Outlook and guidance
Anticipates continued growth in infrastructure and industry services, driven by urbanization, renewable energy, and regulatory trends.
Expects market growth for Qben Power and Inspection platforms due to increased demand for electrification, grid stability, and TIC services.
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Latest events from Inin Group
- Revenue up 49.6% to NOK 1,069.6m; EBITDA positive; growth driven by acquisitions and contracts.ININ
H1 202526 Aug 2025 - Record Q3 revenue and EBITDA, with strong outlook and solid order backlog.ININQ3 202413 Jun 2025
- 339% revenue growth, widened losses, and 73% acceptance of a premium share offer.ININQ2 202413 Jun 2025
- 155% revenue growth and major acquisitions drive ININ's 2024 performance.ININQ4 20245 Jun 2025
Next Inin Group earnings date
H1 202631 Aug, 2026
Inin Group
Next Inin Group earnings date
H1 202631 Aug, 2026
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@theshortbearx.com
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