M Vest Water reports strong Q3 growth, strategic advancements
M Vest Water announced a robust third quarter for 2025, with chemical sales increasing by 33% compared to Q3 2024, contributing to a 79% year-to-date growth and strengthening margins and recurring revenue. Production volumes soared to 250,000 liters, a 67% year-over-year increase, with NORWAFLOC product sales reaching NOK 14.5 million, up 79% from the previous year, primarily driven by the aquaculture segment.
Key operational highlights include a purchase order from METHA for a long-term trial in Q4 2025, two follow-up orders from existing customers in the Norwegian oil and gas sector, and successful implementation of sensor-based chemical treatment technology in a salmon slaughterhouse. The company also completed a private placement, raising NOK 8 million in gross proceeds and converting NOK 12.6 million in shareholder loans at a 25% premium, reflecting strong investor confidence and providing working capital for ongoing projects.
The company's technology qualification in the USA has been crucial for positioning in international oil and gas markets, while Germany is a key market for dredging and municipal wastewater. MVW continues to focus on the aquaculture industry in Norway and holds 51 patents in 26 countries for its unique, eco-friendly water treatment solutions.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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