Bifogade filer
Q2 1H Report 2025
Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
Bergen, Norway, 16 September 2025. M Vest Water (MVW) today published the financial results for the second quarter / first half-year of 2025.
Highlights:
- Chemical sales grew by 167% compared to 2Q 2024, strengthening both margins, EBITDA and the foundation for recurring revenues.
- Aquaculture delivers profitable growth and positive cashflow. Cash expenditures are mainly related to mobilization costs for large-scale projects in Germany and the Middle East, as well as investments in our international expansion.
- Expectations of growth in order intake for NORWAFLOC® in the following periods.
- Successful qualification of NORWAFLOC® at METHA dredging sludge treatment facility.
- Contract award from a global leader in the aquaculture industry to upgrade the customer’s salmon slaughterhouse water treatment system.
- Two follow-up orders from existing customers: a second NORWAPOL® retrofit at a Norwegian oil terminal and an optimization project at SAR Mongstad, both following two years of successful operations.
- MVW signs Green De-Oiler Technology Trial Agreement with a major Oil & Gas producer in Oman.
- A major oil producer in Saudi Arabia has decided to qualify MVW's technology.
The Executive Chairman, Tor Olav Gabrielsen, comments; “To date, Aquaculture has been our primary growth driver. While total revenues for the first half year were in line with last year, chemical sales grew by 167% compared to the second quarter of 2024, strengthening both margins and the foundation for recurring revenue. Looking ahead, we have several key pilots and full-scale qualifications scheduled in the coming quarters, and we expect the Oil & Gas and Dredging segments to drive additional growth from 2026 onwards.”
Executive Chairman Tor Olav Gabrielsen and CFO Morten Hilton Thomassen will present the company’s results today on Tuesday, September 16th, 2025, at 10:00 CET, and invite investors, analysts, and other stakeholders to join the presentation.
Register for the presentation by using the following link:
Microsoft Virtual Events Powered by Teams
Expected duration: 30 minutes including Q&A.
The recording of the webcast and the presentation material will be published on MVW’s website afterwards.