NORBIT - Results for the third quarter of 2025

Core Insights - NORBIT reported a revenue of NOK 505.4 million in Q3 2025, a 36% increase compared to Q3 2024, with an EBIT of NOK 75.4 million, reflecting a 15% margin [1] - For the first nine months of 2025, revenues reached NOK 1,711.5 million, up 43% year-over-year, and EBIT was NOK 377.0 million, a 92% increase from the same period in 2024 [1][2] - The company anticipates full-year revenues between NOK 2.5 billion and NOK 2.6 billion, with an EBIT margin forecasted between 24% and 25% [3] Financial Performance - The Oceans segment generated NOK 192.4 million in Q3 2025, a 22% increase driven by strong sonar sales, with an EBIT margin of 21% [6] - The Connectivity segment reported revenues of NOK 107.5 million, a 3% decline due to postponed orders, with an EBIT margin of 15% [6] - The Product Innovation & Realization segment saw a 96% revenue growth to NOK 224.1 million, primarily due to increased demand from the defense and security sector, with an EBIT margin of 18% [6] Strategic Outlook - The CEO highlighted the strong customer trust in NORBIT and the momentum towards achieving record results, exceeding initial targets for the year [2][4] - An extraordinary dividend of NOK 3.00 per share was declared, bringing the total dividend for 2024 to NOK 6.00 per share, reflecting the company's strong financial position [3] - NORBIT's strategy focuses on market-driven innovation and a commitment to delivering value, positioning the company for continued growth [4]