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AKVA group ASA: Q2 2026 financial reporting
High activity and strong financial performance
AKVA group (“AKVA”) delivered high quarterly revenue in Q2 2026 of NOK 1,189 million, an increase of 2% compared to Q2 2025.
Record high quarterly EBITDA of NOK 179 million, an increase of NOK 34 million or 23% compared to Q2 2025.
Strong order intake of NOK 1,345 million in the quarter and solid order backlog of NOK 2,997 million at the end of Q2 2026.
A smolt contract of approx. EUR 28 million was awarded from Laxey EHF in April.
A dividend of NOK 1 per share will be distributed during the second half year of 2026.
Strategic review was announced on April 8 to maximize shareholder value. In the Q1 presentation on May 8 and following the initial phase of the strategic review, AKVA informed the market about high-quality interest around a potential sale of the entire company as a complete platform. The strategic review is now in a progressed phase with expected conclusion during the fall, in line with previous communication. No final decisions have been taken at this stage, and AKVA will provide an update to the market upon conclusion of the process
The activity level in the <a href="https://bitcomme.com/dlocal-reports-second-quarter-2026-financial-results/" title="dLocal Reports Second Quarter 2026 Financial Results”>second quarter of 2026 was high with revenue of NOK 1,189 million and order intake of NOK 1,345 million. The high order intake in the quarter was supported by the award of the smolt contract from Laxey EHF and strong momentum in Sea Based including award of three new barges for the Nordic and international market.
The high order backlog of NOK 2,997 million at the end of Q2 2026 provides a strong foundation for continued organic growth in 2026 and into 2027.
Profitability improved in the second quarter compared to last year and is related to economies of scale, favorable product mix in Sea Based and continued strong project execution in Land Based.
Sea Based (SB)
SB revenue for Q2 2026 ended at NOK 822 million (NOK 868 million). EBITDA and EBIT for the segment in Q2 ended at NOK 143 million (NOK 124 million) and NOK 94 million (NOK 85 million), respectively. The related EBITDA and EBIT margins were 17.4% (14.3%) and 11.4% (9.7%).
Order intake in Q2 2026 was NOK 913 million compared to NOK 655 million in Q2 2025. Order backlog ended at NOK 1,414 million compared to NOK 895 million last year.
The Nordic region experienced a decrease in revenue from NOK 676 million in Q2 2025 to NOK 559 million in Q2 2026.
In the Americas region, the revenue was NOK 146 million, which is an increase from NOK 114 million in the second quarter last year.
Europe and Middle East (EME) had a revenue of NOK 117 million in Q2 2026, compared to NOK 78 million in the second quarter last year.
