Soiltech posts record Q2 and half-year results, boosts financing facilities

Soiltech ASA reported a historically strong second quarter in 2025, with revenue climbing to NOK 112m, a 61% year-on-year increase. Adjusted EBITDA saw an 87% jump to NOK 26m, while profit before tax surged by 348% to NOK 12m. This robust performance was primarily attributed to the commencement of operations on Transocean Barents and Deepsea Bollsta, alongside heightened activity in project-specific onshore waste handling.

For the first half of 2025, Soiltech’s revenue reached NOK 198m, up 57% year-on-year. Adjusted EBITDA rose 86% to NOK 45m, and profit before tax increased by 226% to NOK 19m. Fluid treatment accounted for 50% of revenue, with solid waste management contributing 44%, demonstrating the success of Soiltech's strategic focus. Norway represented 80% of total revenue, with international activities expected to grow.

The company also completed a successful refinancing and expansion of its banking facilities, increasing available financing from NOK 234m to NOK 411m, enabling further investments ahead of time and capitalizing on market opportunities. The outlook for the second half of 2025 remains high, with demand drivers intact and a highly positive forecast for 2026 and beyond.