Achieved record full-year revenues of NOK 2.5 billion in 2025, up 43% year-over-year, with EBIT of NOK 555.4 million and a 22% margin; diluted EPS increased 61% to NOK 6.32.
Q4 2025 was the best quarter in company history, with revenues up 42% year-over-year to NOK 791.1 million and EBIT margin at 23%.
Board proposed a dividend of NOK 5.00 per share, representing 79% of net profit.
Q4 revenues reached NOK 791.1 million, up 42% from Q4 2024; EBITDA was NOK 224.8 million (28% margin), EBIT NOK 178.4 million (23% margin).
Full-year net profit was NOK 404.3 million, with EPS of NOK 6.32.
Gross margin for Q4-25 was 51%, down from 62% in Q4-24 due to product mix.
Net interest-bearing debt at year-end was NOK 364.5 million; equity ratio at 46%.
Cash flow from operations in 2025 was NOK 500.6 million.
2026 revenue ambition set above NOK 3.0 billion, with EBIT margin expected to improve beyond 22%.
Q1 2026 segment revenue guidance: Oceans NOK 210–230 million, Connectivity NOK 215–240 million, PIR NOK 270–390 million.
All segments expected to contribute to growth in 2026.
R&D and fixed asset investments for 2026 expected at NOK 110 million each.
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