companyName

extensiveId

feedTypes

includeDividend

includeEstimates

includeOverview

includeOwnership

includeResearchContent

researchId

snapshotDate

CompanyName_Query

companySlug

CompanyMetaData

Company_query

company

query CompanyName_Query(
  $companyName: String!
  $extensiveId: ID
  $snapshotDate: String
  $researchId: ID
  $includeResearchContent: Boolean!
  $feedTypes: [ContentType!]!
  $includeEstimates: Boolean!
  $includeOverview: Boolean!
  $includeOwnership: Boolean!
  $includeDividend: Boolean!
) {
  ...CompanyMetaData_Ux1x9
  ...Company_query_1TiJKa
}

fragment AnalystData on Analyst {
  name
  pageUrl
  jobTitle
  imgUrl
}

fragment AuthorList on Content {
  __isContent: __typename
  id
  authors {
    __typename
    id
    name
    pageUrl
  }
}

fragment ChangePercentBlock_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      diff1mPercentage
      diff1yPercentage
      diff3yPercentage
      diffFromStartPercentage
    }
    id
  }
}

fragment CompactFeed_3NXCcw on Query {
  compactFeed: feedContent(companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...TeaserExtraCompact_content
        createdAt
        companies {
          viewerIsFollowing
          id
        }
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment CompanyAnalystQuery on Company {
  analysts {
    ...AnalystData
    name
    pageUrl
    jobTitle
    imgUrl
    id
  }
}

fragment CompanyCoverage_Company on Company {
  analysts {
    name
    id
  }
  isPayingCustomerOf
  isFormerCustomerOf
  isCorporateCustomer
  ...CompanyAnalystQuery
  defaultInstrument {
    ...TargetAndRecommendation_Company
    id
  }
}

fragment CompanyDescription_Company on Company {
  description
  websiteUrl
  name
}

fragment CompanyDisclaimer_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    isPayingCustomerOf
    isFormerCustomerOf
    id
  }
}

fragment CompanyDividendER_query on Company {
  name
  defaultInstrument {
    estimateData {
      reportingCurrency
    }
    dividendTransactions: estimateTransactions(first: 1, includeQuarters: false) {
      actualized {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
      estimates {
        year
        dividend
        dividendYield
        payoutPercentage
        sharePrice
      }
    }
    id
  }
}

fragment CompanyDividendNonER_query on Company {
  name
  defaultInstrument {
    nonERDividendSet: nonERCompanyNumberSet(includeQuarters: false) {
      year
      dividend
      dividendYield
      epsReported
      sharePrice
      currency
    }
    id
  }
}

fragment CompanyDividend_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...CompanyDividendER_query
    ...CompanyDividendNonER_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyFinancials_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    ...NonERCompanyNumbers_query
    ...CompanyNumbers_query
    defaultInstrument {
      coreId
      id
    }
    id
  }
}

fragment CompanyHeader_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    id
    companyInsref
    name
    viewerIsFollowing
    followersCount
    isCorporateCustomer
    hasPinpointData
    hasDividendHistory
    sector {
      sectorname
      industry
    }
    regions
    extensiveExists
    researchContentExists
    defaultInstrument {
      symbol
      priceData {
        tradeCurrency
        lastPrice
        diff1dPercentage
      }
      marketplace {
        name
      }
      estimates: estimateTransactions(first: 1, includeQuarters: false) {
        date
      }
      nonERCompanyNumberSet(first: 1, includeQuarters: false) {
        year
      }
      id
    }
    topOwners {
      holders {
        name
      }
    }
    transactions: insiderTransactions(filter: {types: [BUY, SELL, SUBSCRIPTION]}) {
      edges {
        node {
          date
          id
        }
      }
    }
  }
}

fragment CompanyInsiderTransactions on Company {
  name
  regions
  insiderTransactions(filter: {types: [BUY, EXERCISE_OF_SHARE_OPTION, PLEDGE, RECEPTION_OF_SHARE_PREMIUM, SELL, SUBSCRIPTION]}) {
    edges {
      node {
        insider
        position
        volume
        price
        date
        unit
        type
        relatedParty
        id
      }
    }
  }
}

fragment CompanyInvestorConsensus_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    companyInsref
    id
  }
}

fragment CompanyMetaData_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    description
    pageUrl
    defaultInstrument {
      estimateData {
        modelType
      }
      id
    }
    id
  }
}

fragment CompanyName_Slug on Company {
  slug
}

fragment CompanyNumbers_query on Company {
  name
  defaultInstrument {
    estimateData {
      modelType
      reportingCurrency
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      comparisonIndexName
      actualized {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        revenue
        revenueGrowth
        ebitda
        ebitAdjusted
        ebitReported
        preTaxProfit
        netEarnings
        epsReported
        epsAdjusted
        dividend
        payoutPercentage
        roePercent
        roiPercent
        enterpriseValue
        bookValue
        marketCap
        gearingPercent
        equityRatio
        dividendYield
        totalCosts
        loanLosses
        balanceSheetTotal
        tangibleBook
        cet1
        rwa
        sharePrice
        sharesTotal
        nav
        navPerShare
        opexOfNav
        totalShareholderReturn
        comparisonIndexReturn
        netDebtTotalAsset
        quarterlySharePrice
      }
    }
    id
  }
}

fragment CompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      companyTransactions: estimateTransactions(first: 1, includeQuarters: false) {
        actualized {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
        estimates {
          year
          revenue
          ebitAdjusted
          epsAdjusted
          dividendYield
          navPerShare
          totalShareholderReturn
        }
      }
      id
    }
    id
  }
}

fragment CompanyOwners on Company {
  regions
  topOwners {
    recordDate
    compareDate
    source
    holders {
      name
      capitalPercent
      votingPowerPercent
      totalShares
      positionChange
      totalSharesChange
      shareChange
      isNew
      isRemoved
    }
  }
}

fragment CompanyOwnership_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    name
    ...CompanyOwners
    ...CompanyInsiderTransactions
    id
  }
}

fragment CompanyPageBottom_query_2bVJwf on Query {
  ...GeneralFeed_data_3NXCcw
  ...CompactFeed_3NXCcw
  ...UpcomingEventsQuery_Ux1x9
  ...RiskRecommendMatrix_query_Ux1x9
  ...CompanyOverviewGraphs_query_Ux1x9
  ...NonERCompanyOverviewGraphs_query_Ux1x9
  company(companySlug: $companyName) {
    companyInsref
    ...ForumUpdates_Company
    defaultInstrument {
      coreId
      id
    }
    id
  }
  allFeed: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  main: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT, ANALYST_COMMENT, VIDEO, ARTICLE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  webcasts: feedContent(first: 1, companySlug: $companyName, filter: {hideUpcomingVideos: true, types: [WEBCAST]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  thirdPartyResearch: feedContent(first: 1, companySlug: $companyName, filter: {types: [THIRD_PARTY_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  releases: feedContent(first: 1, companySlug: $companyName, filter: {types: [STOCK_EXCHANGE_RELEASE, PRESS_RELEASE]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyPageTop_query_Ux1x9 on Query {
  ...StockChart_ChartQuery_Ux1x9
  ...LatestReports_query_Ux1x9
  company(companySlug: $companyName) {
    isFund
    name
    ...CompanyCoverage_Company
    ...CompanyName_Slug
    ...CompanyDescription_Company
    ...FundNumbers_Company
    ...ChangePercentBlock_Company
    ...KeyEstimateFigures_Company
    ...InvestmentCompanyKeyFigures_Company
    defaultInstrument {
      id
      estimateData {
        modelType
      }
    }
    analysts {
      name
      id
    }
    id
  }
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        id
      }
    }
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment Company_query_1TiJKa on Query {
  ...CompanyHeader_query_Ux1x9
  ...CompanyOwnership_query_Ux1x9 @include(if: $includeOwnership)
  ...CompanyFinancials_query_Ux1x9 @include(if: $includeEstimates)
  ...CompanyDividend_query_Ux1x9 @include(if: $includeDividend)
  ...CompanyInvestorConsensus_query_Ux1x9
  ...CompanyPageTop_query_Ux1x9 @include(if: $includeOverview)
  ...CompanyPageBottom_query_2bVJwf @include(if: $includeOverview)
  ...CompanyDisclaimer_query_Ux1x9
  ...Extensive_query_3u4Ry5
  ...ResearchContent_query_14bL89
}

fragment Extensive_query_3u4Ry5 on Query {
  company(companySlug: $companyName) {
    extensive(extensiveId: $extensiveId, snapshotDate: $snapshotDate) {
      publishedAt
      pageUrl
      pdfUrl
      content {
        id
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
        isOutdated
      }
    }
    id
  }
}

fragment ForumUpdates_Company on Company {
  name
  forum {
    threadUrl
    highlightedPosts {
      url
      author
      authorImgUrl
      text
      postedAt
      likesCount
    }
  }
}

fragment FundNumbers_Company on Company {
  defaultInstrument {
    isin
    symbol
    priceData {
      lastPrice
      ath
    }
    id
  }
}

fragment GeneralFeed_data_3NXCcw on Query {
  generalFeed: feedContent(first: 20, companySlug: $companyName, filter: {types: $feedTypes}) {
    edges {
      node {
        __typename
        id
        ...Teaser_content
        ...TeaserCompact_content
      }
      cursor
    }
    pageInfo {
      endCursor
      hasNextPage
    }
  }
}

fragment InvestmentCompanyKeyFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
    }
    estimateData {
      modelType
    }
    estimateTransactions(first: 1, includeQuarters: true) {
      actualized {
        year
        quarter
        sharesTotal
        marketCap
        nav
        navPerShare
        dividendYield
        quarterlySharePrice
      }
      estimates {
        year
        quarter
        dividendYield
      }
    }
    id
  }
}

fragment KeyEstimateFigures_Company on Company {
  marketData {
    marketCap
  }
  defaultInstrument {
    priceData {
      tradeCurrency
      dailyTurnover
      lastPrice
      marketCap
    }
    sector
    fundamentalData {
      ebit
      eps
      sales
      dividend
    }
    estimateData {
      modelType
      estimates {
        firstEstimateYear {
          year
          bookValue
          netSales
          dividendA
          epsAdjusted
          ebitAdjusted
          hybridLoan
          noOfShares
          netDebt
          mvMinorities
          mvAssociated
          roePercent
        }
      }
    }
    estimatesSharePrice: estimateTransactions(first: 1) {
      estimates {
        sharePrice
      }
    }
    id
  }
}

fragment LatestReports_query_Ux1x9 on Query {
  extensiveReport: feedContent(first: 1, companySlug: $companyName, filter: {types: [EXTENSIVE_COMPANY_REPORT]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysis: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku", "Arvonluojat"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
  analysisArvonluojat: feedContent(first: 1, companySlug: $companyName, filter: {types: [COMPANY_REPORT, EXTENSIVE_COMPANY_REPORT], tagNames_nin: ["Mallisalkku"]}) {
    edges {
      node {
        __typename
        createdAt
        pageUrl
        id
      }
    }
  }
}

fragment NonERCompanyNumbers_query on Company {
  name
  defaultInstrument {
    nonERNumberSet: nonERCompanyNumberSet(includeQuarters: true) {
      year
      quarter
      revenue
      ebitda
      ebitReported
      epsReported
      dividend
      sharesTotal
      roe
      roi
      enterpriseValue
      marketCap
      gearingRatio
      equityRatio
      dividendYield
      sharePrice
      currency
      evSales
      evEbitda
      evEbit
      pb
      netIncome
      ptp
    }
    id
  }
}

fragment NonERCompanyOverviewGraphs_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      overviewGraphsData: nonERCompanyNumberSet(includeQuarters: false) {
        year
        revenue
        ebitReported
        epsReported
        dividend
        dividendYield
        currency
      }
      id
    }
    id
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ResearchContent_query_14bL89 on Query {
  company(companySlug: $companyName) {
    slug
    researchContentFeed @include(if: $includeResearchContent) {
      __typename
      id
      ...Teaser_content
    }
    researchContentIds @include(if: $includeResearchContent)
    researchContent(researchId: $researchId) @include(if: $includeResearchContent) {
      researchId
      researchTitle
      publishedAt
      pageUrl
      content {
        id
        title
        lang
        slug
        htmlBody
        publishedAt
        createdAt
        changedAt
        isOutdated
      }
    }
    id
  }
}

fragment RiskRecommendMatrix_query_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      riskData: estimateTransactions(first: 1) {
        businessRisk
        valuationRisk
      }
      id
    }
    id
  }
}

fragment StockChart_ChartQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    isFund
    defaultInstrument {
      coreId
      id
      marketOpen
      marketClose
      marketplace {
        region
      }
      priceData {
        lastPrice
      }
      returns {
        day
        week
        month
        threeMonths
        sixMonths
        year
        threeYears
        fiveYears
        tenYears
        ytd
        total
      }
    }
    id
  }
}

fragment TargetAndRecommendation_Company on Instrument {
  estimateData {
    modelType
    researchCurrency
    estimates {
      date
      recommendation
      targetPrice
    }
  }
}

fragment TeaserCompact_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  isPremium
  pageUrl
  lang
  companies {
    ...CompanyTagList
    id
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
  ...AuthorList
}

fragment TeaserExtraCompact_content on Content {
  __isContent: __typename
  id
  title
  createdAt
  pageUrl
  lang
  companies {
    name
    pageUrl
    viewerIsFollowing
    id
  }
}

fragment Teaser_content on Content {
  __isContent: __typename
  __typename
  id
  type
  title
  createdAt
  pageUrl
  imgUrl
  isPremium
  lang
  companies {
    ...CompanyTagList
    id
  }
  publishers {
    imgUrl
  }
  authors {
    __typename
    id
  }
  ... on AnalystComment {
    preview
  }
  ... on Article {
    preview
  }
  ... on CompanyReport {
    preview
  }
  ... on ThirdPartyCompanyReport {
    preview
  }
  ... on QA {
    preview
  }
  ... on Video {
    preview
    liveTime
    videoDuration
  }
  ... on Webcast {
    preview
    liveTime
  }
  ...AuthorList
  ...Reactions
}

fragment UpcomingEventsQuery_Ux1x9 on Query {
  company(companySlug: $companyName) {
    defaultInstrument {
      calendarEvents(first: 10) {
        edges {
          node {
            date
            type
            period
            id
          }
        }
      }
      id
    }
    id
  }
}


name

description

pageUrl

defaultInstrument

companyInsref

viewerIsFollowing

followersCount

isCorporateCustomer

hasPinpointData

hasDividendHistory

sector

regions

extensiveExists

researchContentExists

topOwners

insiderTransactions

isPayingCustomerOf

isFormerCustomerOf

extensive

slug

feedContent

Nekkar

NKR: Transactions carried out under the buy-back program

Transactions carried out under the buy-back program

Redeye: Nekkar (Q4 Review): New Deals and Tender Pipeline Support Rebound

Redeye: Nekkar (Q4 Initial take): Better-than-expected

Nekkar ASA: Fourth quarter and full-year 2025 financial results

Nekkar ASA: Subsidiary Announces Major Rig SaaS Agreement

Oslo Børs

Nekkar is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With an industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy with the aim to build long-term value. The group supports operating companies and reinvests strategically to ensure profitability and sustainable growth.

https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=665500&attachmentId=318756  The fourth quarter and 2025 results highlights were:  Operational cash flow for the year was NOK 36 million, driving a net cash  position of NOK 150 million after NOK 64 million in share buybacks through  the year Full year group revenues of NOK 571 million down 8% YoY, while Syncrolift  decreases 36%, highlights the growing maturity of remaining investment  portfolio During the fourth quarter FiiZK completed a milestone delivery of two  Protectus closed containment systems to Mowi who are now successfully in  operation Mowi also ordered additional 4x Protectus closed containment systems,  solidifying FiiZk as a market leader InteliWell, a joint venture including Intellilift, was awarded two new rig  contracts through the quarter as well as a conversion from trial to full  deployment and counts five active or confirmed rigs in total by year end After quarter’s end, InteliWell, the JV between Intellilift and Transocean,  also secured a major agreement for drilling automation solutions on 11  offshore rigs. Installations are set to commence during the second quarter  with one or more rigs to be deployed per quarter over a 30-month period Tendering activity continues at a record high level across the group, with  specific award timing yet to be determined   This reflects current progress well; while one part is stalling, a couple of others are moving forward nicely. The cash position and balance sheet are in good shape, we just need to get those Syncrolift orders in.  “Despite Syncrolift declining 36% in YoY revenues due to little new order  intake, Group figures are holding up well and highlighting that Nekkar is  increasingly becoming a more diverse portfolio as some of the growth companies  are maturing and entering new phases. As long-awaited orders eventually start to  materialize, the platform from which we can continue to build toward our 2027  ambition on continues to look solid.” says Ole Falk Hansen, CEO of Nekkar ASA.  Investor presentation included as well  https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=665500&attachmentId=318756  Intellilift and Inteliwell announced a major contract at the same time. Previously there were 5, now 11 more are coming, meaning 16 implementations in total. 10-year recurring revenue contracts.                   newsweb.oslobors.no              NewsWeb

H1 out, not with such high expectations in my own estimates, but it could have gone better  https://newsweb.oslobors.no/message/654044  28 August 2025 - Nekkar ASA (Nekkar) delivered revenue of NOK 139 million in the  second quarter, a reduction of 7% from the same quarter in 2024 (150) mainly  driven by lower activity within Syncrolift. EBITDA was NOK -12 million (20),  equivalent to a margin of -9% percent (13%) driven by the above-mentioned  activity in Syncrolift and cost increases in Techano Oceanlift projects. The  balance sheet remains strong with a net cash position of NOK 225 million.   Precis  https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=654044&attachmentId=310652 And H1 report  https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=654044&attachmentId=310653 The result still fluctuates with Syncrolift, but other operations will soon start to bear a larger part of the whole. Synro has not lost tenders, but they haven’t been won either. Processes have taken longer than expected. In addition, USD-NOK exchange rates have been unfavorable.  Demand for the Defence sector is expected in the future, but processes there also take time   Tender activity in the defence segment remains particularly high, both for new shiplifts and upgrade projects. Geopolitical uncertainty is increasing agility requirements for naval shipyards, which is expected to drive further investment in this area. As Syncrolift is a project-based business, quarterly fluctuations must be expected. However, Nekkar anticipates that defence-related revenues will account for a growing share of the company’s overall revenue streams, driven by Syncrolift.  General overview by operations    Let’s add Redeye’s quick comments as a follow-up  https://www.redeye.se/research/1125814/nekkar-q2-2025-top-line-beat-while-elevated-costs-pressure-profitability  Redeye comments on Nekkar’s Q2 report, that presented mixed figures during a relatively slow period. Techano delivered sales above expectations, driving a top-line beat of 15%. Costs also grew increasingly, missing our profitability expectations with negative EBITDA figures. We expect to make downward adjustments for our near term estimates, while arguing that long term fundamentals remain strong.

summary borrowed from a neighboring channel  Nekkar is an industrial technology holding company and central to our investment case are:    A solid revenue base from Syncrolift (75% of LTM revenue), with EBITDA margins >20% over the past six years. The share of service revenues is growing (+170% from 2020 to 2024) and now represents ~20% of revenues. Furthermore, the company operates a capital-light model, with OpFCF margins of ~20% due to low capex needs. Additionally, Syncrolift effectively operates in a duopoly, with the company maintaining a ~60% market share over the last decade.     You get the rest of the business for “free”: FiiZK, Globetech, Techano, and Intellilift — of which 3 out of 4 were profitable in 2024, with a blended EBITDA margin of ~10%.     Nekkar is NOK154m net cash (14% of current market capitalization) and has an active M&A agenda which has been successful historically.     our SOTP (sum-of-the-parts) yields NOK15/sh. If one assumes company guidance of NOK2bn in 2027e revenue and an EBITDA margin of 10–20%, the share currently trades at 3x EV/EBITDA and P/E of 6x.

Waiting game   Revenue is falling again with Syncro Still have cash, no debts Cash flow is negative More orders received, also after the end of the quarter  https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=659499&attachmentId=314500 There is a promise of a better future, just waiting for implementation  Nekkar ASA (Nekkar) delivered revenue of NOK 124 million in the third quarter, a reduction of 12% from the same quarter in 2024 (140), mainly driven by lower activity within Syncrolift. EBITDA was NOK 3 million (14), equivalent to a margin of 2.5% (10%). The reduction reflects lower Syncrolift activity and a negative contribution from Techano Oceanlift projects. The balance sheet remains strong with a net cash position of NOK 170 million. While third quarter results were impacted by temporarily lower activity and one-off cost overruns, Nekkar, with roughly one-third of activity linked to a growing defence segment, remains well positioned to deliver on its long-term ambitions. In that regard, Nekkar will today hold a physical Capital Markets Day to further elaborate on its ongoing development and aspirations. The presentation from the Capital Markets Day will be published on our webpages alongside quarterly material.    Today’s CMD materials https://api3.oslo.oslobors.no/v1/newsreader/attachment?messageId=659538&attachmentId=314529 targets 2027:    acquisitions are expected as per previous info, to reach 1.5->2.0 BNOK    Some small addition coming soon

the announcement came from there - with a slight delay, as they apparently had to wait for the ink to dry                    newsweb.oslobors.no              NewsWeb                               12 November 2025 - Aquaculture industry supplier FiiZK, which is an associated company of Nekkar ASA (Nekkar), has been awarded the delivery of four Protectus closed containment systems to a Norway-based undisclosed customer.   The Protectus systems will according to plan be delivered in series of two through the end of 2026 and beginning of 2027.

Mowi ordering 4 closed pens, has been a Fiizk customer and developing systems. And if you look at the logo, it looks very familiar. According to that, 12 more of these are needed so that the licenses can be restored   https://mowi.com/wp-content/uploads/2025/11/Mowi_Q3_2025_Presentation.pdf — And regarding Intelliift / Inteliwell, an additional order from Transocean, now the fourth one is underway and more are coming                   newsweb.oslobors.no              NewsWeb                               Nekkar ASA: Subsidiary wins new rig services contract 4.11.2025 21:21:54 CET | Nekkar ASA | Non-regulatory press releases November 4, 2025 - Intellilift and InteliWell sign a contract for their joint venture’s game-changing drilling automation solution. InteliWell, a joint venture formed to accelerate autonomous well construction, has today announced that it has secured a contract to provide automation services on the Transocean Deepwater Titan, an ultra-deepwater drillship operating in the Gulf of America. The InteliWell platform will be installed in the coming quarter. Initially, automation services will concentrate on automated tripping and drilling connections, utilizing the InteliAutomate and InteliTrak applications.                    linkedin.com              #intellilift #inteliwell #automation #innovation #digitalization...    At Intellilift, we’re proud that our automation platform is playing a central role in this collaboration. Together, we’re proving that the future of automation is smarter, faster, and more transformational. We’re equally honored to be...

Nekkar’s new website launched, very clear and investor-relevant information is now easily available                    nekkar.com              Nekkar    Explore our financial performance, investor resources, and strategic initiatives.

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