AKVA Group Posts 41% Revenue Surge in Q4 2025, Driven by Land-Based Growth
Event summary
- Q4 2025 revenue hit NOK 1,113 million, up 41% YoY, with Land Based segment growing 94% to NOK 422 million.
- Total order intake reached NOK 1,250 million, including a NOK 220 million RAS contract from Tytlandsvik Aqua.
- EBITDA increased by NOK 27 million to NOK 103 million, with improved profitability across segments.
- Order backlog stood at NOK 2,539 million, with 50% attributed to Land Based projects.
- Company declared NOK 1 per share dividend for H1 2026, maintaining shareholder returns.
The big picture
AKVA Group's strong Q4 2025 performance reflects the accelerating shift toward land-based aquaculture, a trend driven by sustainability pressures and regulatory changes. The company's ability to secure large-scale contracts, particularly in digital solutions, positions it as a key player in the industry's technological evolution. With revenue targeting NOK 5 billion by 2027, AKVA is betting on continued momentum in deep farming concepts and digital innovation.
What we're watching
- Segment Growth
- Whether AKVA can sustain Land Based's 94% growth pace amid industry demand shifts.
- Execution Risk
- How the company will manage its NOK 2.5 billion order backlog without operational bottlenecks.
- Market Expansion
- The pace at which AKVA can penetrate new regions like Scotland through digital solutions.
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