Goodtech ASA reports double-digit organic growth and materially higher margins
in Q4 2025, concluding a full year with significant profitability improvement,
robust cash generation and a solid balance sheet. Hence, the Board will propose
a dividend of NOK 0.50 per share.
Highlights Q4 2025
o Net operating revenue after external project costs increased to NOK 141.8
million (NOK 125.3 million in Q4 2024), representing 13% organic growth.
o EBITDA rose sharply to NOK 21.5 million (NOK 9.9 million), a 117% increase
year-over-year, with an EBITDA margin of 15.1% (7.9%).
o EBITA increased to NOK 15.6 million (NOK 3.6 million), with an EBITA margin of
11.0% (2.9%), up 333% from the previous year.
o Order intake totaled NOK 218 million (NOK 188 million), with an order backlog
of NOK 336 million (NOK 359 million).
o The company had 310 employees at the end of Q4, stable from last year
o Goodtech remains robustly capitalized, with an equity ratio of 54% and cash
and cash equivalents of NOK 127.0 million as of 31 December 2025.
Highlights FY 2025
o Solid revenue growth: Net operating revenue after external project costs
reached 522.1 MNOK, up 11% YoY from 2024.
o Strong improvement in profitability:
- EBITDA 67.3 MNOK with a margin of 12.9% (up from 9.4% in 2024)
- EBITA 43.6 MNOK, 8.4% margin (up from 4.7%)
- EBIT 36.6 MNOK, margin 7.0%, close to a doubling compared to last year
o Significant earnings uplift: Profit from continuing operations increased to
29.8 MNOK (vs. 16.4 MNOK in 2024). EPS (continuing operations) rose to 1.03 NOK
(from 0.57).
o Robust financial position: Equity ratio improved to 54%, with cash 127 MNOK at
year end, and no use of credit facilities.
o Dividend: The Board of Directors proposes a dividend of NOK 0.50 per share for
the financial year, to be approved by the Annual General Meeting.
CEO Margrethe Hauge comments:
"Goodtech delivered a strong fourth quarter and a step change in 2025
profitability, underpinned by double-digit organic growth and materially higher
margins. This marks Goodtech's best annual result since 2013 and strengthens our
platform for continued profitable growth.
These results reflect several years of focused execution across the
organization. We have sharpened our strategic focus through the divestment of
non-core business units and strengthened operational performance.
We closed the year with a solid balance sheet, including a 54% equity ratio and
NOK 127 million in cash, reflecting robust cash generation. In light of this
performance, we are pleased to announce that the Board proposes an annual
dividend for 2025 of NOK 0.50 per share."
The quarterly report for Q4 2025 is attached to this press release.
See also the company's results for Q4 2025 in our webcast -
https://youtu.be/iVNQaj91xOU
For more information, please contact CEO Margrethe Hauge or CFO Anders Engelsen:
Margrethe Hauge
CEO, Goodtech ASA
Mobile: +47 95 79 69 20
Email: margrethe.hauge@goodtech.no
Anders Engelsen
CFO, Goodtech ASA
Mobile: +47 93 20 79 01
Email: anders.engelsen@goodtech.no
This information is subject to the disclosure requirements pursuant to Section 5
12 of the Norwegian Securities Trading Act and Article 17 of the EU Market Abuse
Regulation.