Q2 Report 2026
Goodtech ASA – Q2 2026 and first half 2026 – Strong financial position supports planned NOK 60 million capital distribution
Goodtech ASA delivered improved profitability and solid operational performance in the second quarter of 2026. The company maintains a healthy project pipeline, solid activity levels and a strong financial position. The Group's robust balance sheet and net cash position provide financial flexibility to invest in growth while also allocating excess capital to shareholders.
Highlights Q2 2026
- Net operating revenue after external project costs increased to NOK 132.1 million (126.9), corresponding to 4% organic growth.
- EBITA improved to NOK 10.1 million (8.5), corresponding to a margin increase to 7.7% (6.7%).
- Order intake amounted to NOK 164 million (170), with an order backlog of NOK 304 million (345).
- Cash and cash equivalents amounted to NOK 81.2 million. Operating cash flow was temporarily affected by a seasonal build-up in working capital.
- Goodtech maintains a strong balance sheet with no interest-bearing debt.
Highlights H1 2026
- Net operating revenue after external project costs reached NOK 273.4 million (263.7), representing a 3.7% increase.
- EBITA increased to NOK 24.9 million (18.1), with a margin of 9.1% (6.9%).
Following a successful strategic refocusing and operational turnaround, the Board believes the Company holds capital in excess of what is required to support its asset-light, project-based business model. The Board of Goodtech ASA therefore intends to distribute approximately NOK 60 million of excess capital to shareholders through supplemental dividends and/or share buybacks during H2 2026. The exact structure and timing of the distribution will be communicated before the end of Q3 2026.
CEO Margrethe Hauge comments:
“Goodtech continues to demonstrate that its core business delivers improved profitability and solid operational performance. Our strong backlog and pipeline, together with a robust balance sheet, positions the Group well to continue supporting the industry’s continuous need to improve their competitiveness through digital and sustainable solutions. At the same time, our strong financial position enables us to distribute excess capital to shareholders while maintaining the flexibility to invest in future growth opportunities.”
The quarterly report for Q2 2026 is attached to this press release.
See also the company's results for Q2 2026 in our webcast - https://youtu.be/-opnYdWyRqM