NORBIT reports record Q3 revenue, EBIT growth, declares special dividend

NORBIT ASA delivered a robust performance in the third quarter of 2025, with revenues climbing 36% year-over-year to NOK 505.4m and EBIT reaching NOK 75.4m, representing a 15% margin. For the first nine months of the year, revenues totaled NOK 1,711.5m, up 43% from 2024, and EBIT surged 92% to NOK 377.0m, achieving a 22% margin. This strong growth was broad-based across segments, with Oceans revenues up 22% to NOK 192.4m, driven by sonar sales, and PIR revenues soaring 96% to NOK 224.1m due to defence and security sector demand.

The Connectivity segment saw a slight revenue decline of 3% to NOK 107.5m, with an EBIT margin of 15%, primarily due to postponed On-Board Unit deliveries to Q4. The company remains optimistic, expecting Q4 Connectivity revenues of NOK 200–240m, fueled by volume deliveries of the new GNSS OBU. Reflecting the strong financial position, NORBIT's board resolved an extraordinary dividend of NOK 3.00 per share for fiscal year 2024, bringing the total dividend to NOK 6.00 per share.

NORBIT anticipates full-year 2025 revenues between NOK 2.5bn and NOK 2.6bn, with an EBIT margin forecasted at 24-25%. The company continues to invest in R&D and production capacity, with the Selbu factory expansion on track for completion by year-end, including a new SMT line.