Q3 2026 Report
Goodtech ASA – Q3 2026
Goodtech ASA delivered net operating revenue after external project costs of 121.6 MNOK and EBITA of 8.5 MNOK in the third quarter of 2026. The quarter was characterized by continued growth in engineering, service and digitalization activities, strong growth in After-Sales and Service revenue, and investments in future growth capacity. Following quarter-end, Goodtech signed the EPC contract for the Nussir copper project with an approximate contract value of 240 MNOK, significantly strengthening backlog visibility and supporting future activity levels.
Highlights Q3 2026
- Net operating revenue after external project costs increased to 121.6 MNOK (116.6), corresponding to 4.3% growth.
- After-Sales and Service revenue increased 48% to 39.8 MNOK (26.9), continuing the shift towards recurring and higher-margin revenue streams.
- EBITA amounted to 8.5 MNOK (10.0), corresponding to a margin of 7.0% (8.5%).
- Invested in a new regional hub in Kristiansand, strengthening Goodtech's presence and engineering capacity, however negatively impacting Q3 results and margins.
- Order intake amounted to 130.5 MNOK (140.0).
- Order backlog amounted to 281 MNOK at quarter-end.
- Following quarter-end, Goodtech signed a 240 MNOK EPC contract for the Nussir copper project, significantly strengthening backlog visibility.
CEO Margrethe Hauge comments:
“Goodtech maintained solid profitability during the quarter while continuing to invest in future growth. We are particularly pleased with the strong development in our After-Sales and Service business, which contributes to a more resilient and recurring revenue base. Our investments in recruitment and the successful establishment of our new Kristiansand office expand our engineering capacity and strengthen our platform for future growth. With several larger projects now moving into their final phases, the timing of the Nussir contract is particularly encouraging and provides important continuity in our project portfolio.
The Nussir contract signed after quarter-end represents an important milestone for Goodtech. The award strengthens backlog visibility and demonstrates that strategically important industrial projects continue to move forward despite extended decision-making processes in parts of the market. Combined with our strong financial position and broad market exposure, this positions Goodtech well for continued profitable growth."
The quarterly report for Q3 2026 is attached to this press release.
See also the company's results for Q3 2026 in our webcast - https://youtu.be/cjGUplqQg_o