AKVA group ASA: Q2 2025 financial reporting

Core Insights - AKVA group achieved record high quarterly revenue of MNOK 1,167 in Q2 2025, a 15% increase from Q2 2024 [1] - EBITDA rose from MNOK 110 in Q2 2024 to MNOK 145 in Q2 2025, indicating improved profitability [1] - Total order intake reached BNOK 1.1 in Q2 2025, up from MNOK 888 in Q2 2024, with a backlog of BNOK 2.7 at the end of June 2025 [1][2] Financial Performance - Sea Based (SB) revenue for Q2 2025 was MNOK 868, up from MNOK 842 in Q2 2024, with EBITDA and EBIT margins improving to 14.3% and 9.7% respectively [3] - Land Based (LB) revenue increased significantly to MNOK 264 from MNOK 137, with a notable rise in order intake to MNOK 316 compared to MNOK 149 in Q2 2024 [5] - Digital (DI) segment maintained revenue at MNOK 35, with improved EBITDA margin of 21.9% [5] Regional Performance - Nordic region revenue increased to MNOK 676 in Q2 2025 from MNOK 602 in Q2 2024, while the Americas region saw a decline to MNOK 114 from MNOK 156 [4] - Europe and Middle East (EME) revenue decreased slightly to MNOK 78 from MNOK 84 in the same period [4] Order Backlog and Contracts - The order backlog at the end of Q2 2025 was MNOK 2,712, with 60% related to Land Based projects [10] - New land-based contracts were signed with Laxey, valued at approximately MEUR 20 and MEUR 8.5, contributing to high activity levels [2] Balance Sheet and Cash Position - Working capital as a percentage of rolling revenue improved to 9.4% from 10.4%, with cash and unused credit facilities totaling MNOK 473 [7] - Total assets and equity were MNOK 4,217 and MNOK 1,327 respectively, resulting in an equity ratio of 31.5% [7] Future Outlook - The company anticipates continued strong momentum in deep farming concepts, targeting a minimum revenue of BNOK 4.0 and EBIT of 6% for 2025 [11] - Ongoing investments are planned to enhance solutions across Sea Based, Land Based, and Digital segments [11] Dividend Announcement - The company has declared a dividend of NOK 1 per share for the second half of 2025, aiming to maximize shareholder returns [9]