Achieved record Q2 and H1 2026 results, with Q2 revenues of NOK 831.6 million (up 22% y/y) and H1 revenues of NOK 1,563.8 million (up 30%), driven by strong performance in Connectivity and PIR segments.
EBIT for Q2 was NOK 205.2 million (25% margin); H1 EBIT was NOK 361.1 million (23% margin).
Dividend of NOK 5.00 per share paid in May 2026.
Completed strategic acquisition of Water Linked for NOK 330 million, expanding subsea sensor capabilities.
Announced 2030 ambitions: NOK 6 billion revenue target (19% CAGR from 2025), EBIT margin 20%-25%.
Q2 revenues: NOK 831.6 million, up 22% year-over-year; H1 revenues: NOK 1,563.8 million, up 30%.
Gross margin: 52% in Q2 (down from 55%); net income: NOK 157.1 million in Q2; EPS: NOK 2.45 (up from NOK 2.06).
Cash flow from operations: NOK 275.2 million in Q2; cash conversion at 108%; cash and undrawn credit facilities at NOK 789.4 million.
Net interest-bearing debt at quarter-end: NOK 340 million; equity ratio 43%.
EBITDA for Q2: NOK 253.7 million (31% margin); H1 EBITDA: NOK 455.5 million (29% margin).
2026 full-year revenue guidance: NOK 2.9–3.1 billion, excluding Water Linked; EBIT margin 20%-23%.
Q3 segment revenue targets: Oceans NOK 230–260 million, Connectivity NOK 150–160 million, PIR NOK 240–260 million.
2030 ambition: NOK 6 billion revenue, 20%-25% EBIT margin, >30% ROCE.
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