HAV Group reports strong Q3 2025 revenue and EBITDA growth

HAV Group ASA's Q3 2025 revenue surged by 44% to NOK 193.7 million, up from NOK 134.8 million in the same quarter last year, marking its fourth consecutive quarter of positive EBITDA. EBITDA improved significantly to NOK 1.5 million from NOK -24.8 million in Q3 2024, though the net profit for the quarter remained negative at NOK -4.2 million. The Group’s energy design and smart control systems segment was the primary driver of this performance, securing new contracts with Tersan Shipyard and Fitjar Mekaniske Verksted.

Order intake for the third quarter stood at NOK 171 million, contributing to a solid order backlog of NOK 1,266 million as of September 30, 2025. Despite the overall positive trend, the ship design and water treatment businesses reported negative EBITDA. The water treatment segment continues to secure new aquaculture projects, while the ship design business is affected by low workforce utilization. HAV Group maintains a strong balance sheet with a cash balance of NOK 271 million and minimal interest-bearing debt.

Looking ahead, HAV Group anticipates Q4 2025 to be its strongest quarter, with this positive momentum expected to continue into 2026, fueled by ongoing contract wins and improved margins. The company remains well-positioned to address the maritime industry's green transition challenges with its technology and services.