Norbit reports strong Q3 2025 performance, pays extra dividend

Norbit ASA announced robust third-quarter results for 2025, with revenues reaching NOK 505.4m, a 36% increase from Q3 2024, and EBIT of NOK 75.4m, representing a 15% margin. Year-to-date revenues totaled NOK 1,711.5m, up 43% from 2024, with EBIT nearly doubling to NOK 377.0m. This strong performance led the board to declare an extraordinary dividend of NOK 3.00 per share, bringing the total dividend for 2024 to NOK 6.00 per share.

The Oceans segment saw a 22% revenue increase to NOK 192.4m, driven by strong sonar sales, achieving a 21% EBIT margin. The Product Innovation & Realization (PIR) segment recorded a substantial 96% revenue growth to NOK 224.1m, fueled by demand from the defence and security sector, with an 18% EBIT margin. Connectivity revenues were NOK 107.5m, a 3% decline, with a 15% EBIT margin, attributed to postponed On-Board Unit deliveries to Q4.

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 its Selbu factory expansion, with completion expected by year-end, to support increased capacity and future growth.