DNV reports resilient H1 2025 results despite geo-economic challenges

DNV Group AS reported robust performance for the first half of 2025, with total operating revenue increasing by 2.1% to NOK 17,618m compared to NOK 17,261m in the same period last year. This growth was achieved despite challenging geo-economic conditions, with positive year-on-year revenue across all business areas and EBIT margins in line with targets. A strong order intake in the second quarter and a 33% newbuild market share in the maritime industry underscore the company’s resilient position.

However, EBITDA for the period decreased to NOK 2,719m from NOK 2,889m last year, resulting in an EBITDA margin of 15.4%. Operating profit (EBIT) also saw a reduction to NOK 2,131m from NOK 2,305m, primarily due to currency changes and cost accruals. Net financial income significantly improved to NOK 222m, contrasting with a net financial expense of NOK 43m last year, largely attributable to the strengthening of the NOK.

The company maintains a strong balance sheet with total equity reaching NOK 30,871m and an improved equity ratio of 65.6%. Strategic acquisitions during the period included Kezzler AS, Shoreline Surveys Limited, and SECO Institute and Security Academy, aimed at strengthening capabilities in product tracking, marine surveys, and cyber security training. Despite increased uncertainties, DNV anticipates a positive cash flow development from operations in the second half of the year.