Vow ASA: Trading update

Core Insights - Preliminary unaudited consolidated accounts for Vow ASA for Q3 2025 indicate lower-than-expected EBITDA due to underestimated costs in two key projects within the Industrial segment [1] - Positive developments continue in the Maritime and Aftersales segments, driven by strong demand and increased margins [1] - A profit improvement program has been launched to enhance cost control, profitability, and operational efficiency [2] Financial Performance - Preliminary EBITDA for the Industrial Solutions segment is approximately NOK -70 million, while total EBITDA for the Group is approximately NOK -33 million for Q3 2025 [1] - The reversal of revenue in Q3 2025 has no cash impact, but it affects project margins and technical reporting [1] Strategic Initiatives - The company is in close cooperation with customers to complete the two major projects, which are in their final stages [1] - A revisit of Vow's strategies has commenced as part of the ongoing efforts to improve profitability [2] Upcoming Reports - The final Q3 2025 report with more details is scheduled for release on 19 November 2025 at 07:00 CET [3] Company Overview - Vow ASA and its subsidiaries focus on preventing pollution by converting biomass and waste into valuable resources and clean energy [5] - The company is a leader in wastewater purification and offers solutions for industries transitioning towards a fossil-free future [7][8]