EQVA reports strong Q3 2025 performance, driven by industrial solutions growth

EQVA ASA announced strong third-quarter 2025 results, with pro forma YTD revenues reaching NOK 1,079 million, a 44% increase. Pro forma EBITDA also grew significantly to NOK 105 million, up from NOK 70 million, reflecting robust operational performance, particularly from the IMTAS Group, acquired in March 2025. The company's chief executive, Tore Thorkildsen, highlighted the successful acquisition of Austevoll Rørteknikk (ART), which strengthens EQVA's aquaculture capabilities.

The Industrial Solutions segment was a key driver, reporting record-high pro forma YTD revenues of NOK 1,040 million (a 52% increase) and an EBITDA of NOK 93 million (an 83% increase) with a margin of 9.0%. The segment's order book stood at a record NOK 973 million at the end of Q3 2025, supporting expectations of high activity levels in 2026. The ART acquisition, closed at the beginning of Q4 2025, has already led to significant land-based aquaculture contracts in collaboration with EQVA's BKS.

The company also noted the commencement of Olav Hilmar Koløy as chief executive on November 13, 2025. EQVA emphasizes its strategy of acquiring and developing profitable niche businesses, focusing on long-term stewardship and sustainable value creation within its industrial services.