Chip Bidco AS reports strong Q3 2025 growth, robust revenue and EBITDA increases

Chip Bidco AS reported Q3 2025 pro forma revenues of NOK 444.3m, up 9% from Q3 2024. Adjusted EBITDA pre-IFRS16 reached NOK 65.2m, an increase from NOK 58.6m in the prior year period. This growth was fueled by strong performance across all business units, including a 5% rise in Cloud & Services and a 10% increase in Software, particularly in Geoscience and hydrocarbon accounting solutions. Third-party resell saw a remarkable 135% growth, largely due to hardware deliveries in the UK.

For the last twelve months (LTM) ending Q3 2025, pro forma revenues hit NOK 1,849.2m, an increase of 10% year-on-year, and adjusted EBITDA pre-IFRS16 stood at NOK 337.0m, up from NOK 273.6m in LTM Q3 2024. The company's order backlog reached NOK 3.2bn, demonstrating sustained commercial momentum, including a renewed three-year contract with Petronas and a new cloud operations agreement in Australia.

The group's available cash position at quarter-end was NOK 206.0m, comprising bank deposits and undrawn Revolving Credit Facility. Capital expenditure continues to decrease as a percentage of revenue, reflecting a scalable, asset-light strategy, with CAPEX at 1% of revenue in Q3 2025 FC.