AKVA group ASA: Q1 2025 financial reporting

Core Insights - AKVA group reported a strong Q1 2025 with revenue of MNOK 1,013, a 29% increase from Q1 2024 [1][2] - EBITDA rose from MNOK 67 in Q1 2024 to MNOK 113 in Q1 2025, indicating improved profitability [1][3] - The total order intake for Q1 2025 was BNOK 1.2, up from MNOK 917 in Q1 2024, with a backlog of BNOK 2.8 at the end of March 2025 [1][2] Financial Performance - The Sea Based segment generated revenue of MNOK 804 in Q1 2025, up from MNOK 646 in Q1 2024, with EBITDA and EBIT margins improving to 11.9% and 7.0% respectively [3] - The Land Based segment saw revenue increase to MNOK 176 from MNOK 101, with EBITDA turning positive at MNOK 10 [4] - Digital segment revenue decreased slightly to MNOK 32 from MNOK 37, but EBITDA improved to MNOK 7 [5] Order Intake and Backlog - Order intake for Q1 2025 was MNOK 1,200, supported by a significant contract from Cermaq Chile [2][3] - The order backlog at the end of Q1 2025 was MNOK 2,799, with 55% related to Land Based Technology [9] Balance Sheet and Cash Position - Working capital as a percentage of rolling revenue improved to 8.9% from 11.3% [6] - Cash and unused credit facilities amounted to MNOK 500, up from MNOK 283 [6] Dividend and Shareholder Returns - The company declared a dividend of NOK 1 per share for the first half of 2025, with plans for reassessment for the second half [8] Outlook and Future Plans - AKVA group anticipates continued strong momentum in deep farming concepts and aims for a minimum revenue of BNOK 4.0 and EBIT of 6% in 2025 [10]