Core Insights - Vow ASA achieved record revenues and improved operational performance in Q4 2025, with a strategic focus on Maritime Solutions and Aftersales segments while adopting a selective approach in Industrial Solutions [1][2] Financial Performance - Revenues for Q4 2025 reached NOK 347.4 million, an increase of NOK 81.7 million compared to Q4 2024, driven by high activity in the cruise newbuild market and an increase in operational vessels [3] - Adjusted EBITDA for the quarter was NOK 15.8 million, slightly down from NOK 16.6 million in Q4 2024, with profitability improvements in Maritime Solutions and Aftersales offset by negative results in Industrial Solutions [5] - Total order backlog at year-end was approximately NOK 1.7 billion, providing visibility with confirmed contracts extending to 2034 [4] Strategic Developments - A comprehensive strategy revision was completed, leading to the appointment of leadership with defined P&L responsibilities and performance targets for each business segment [9][10] - The Group aims to strengthen its position in Maritime Solutions and Aftersales while pursuing a more cautious and selective approach in Industrial Solutions to balance risk and opportunities [2][10] Liquidity and Financial Management - The liquidity position improved significantly, with available liquidity at NOK 136.2 million at year-end, although fluctuations are expected in the coming quarters due to delivery timings and payment milestones [7] - Vow maintains a constructive dialogue with its financing partner, securing covenant waivers for the reporting periods and establishing a new covenant structure for future periods [8]

Group 1 - Vow ASA will release its Q1 2025 report on May 28, 2025, with a presentation for shareholders and analysts at 09:00 CET [1][2] - The presentation will be available via webcast, and registration is required for online attendance [2] - Vow ASA focuses on preventing pollution through advanced technologies that convert biomass and waste into clean energy and low carbon fuels [3] Group 2 - The company operates in various sectors, including wastewater purification, food safety, and robotics, with a strong emphasis on decarbonization [3] - Vow ASA is a market leader in the cruise industry for wastewater purification and has a proven capability to deliver scalable and patented solutions [3] - The company is listed on the Oslo Stock Exchange under the ticker VOW [3]

Company Overview - Vow ASA and its subsidiaries, including Scanship, C.H. Evensen, and Etia, focus on preventing pollution through innovative solutions that convert biomass and waste into valuable resources and clean energy [2] - The company is a leader in wastewater purification and valorisation of waste in the cruise market, with strong positions in food safety, robotics, and heat-intensive industries [2] - Vow ASA is listed on the Oslo Stock Exchange under the ticker VOW [2] Recent Developments - The annual general meeting of Vow ASA approved all proposed resolutions as per the notice dated 29 April 2025 [1][4]