Cambi achieved its highest-ever quarterly revenue in the second quarter of 2025,
reaching NOK 342 million, up 12% from the same period last year. Several
important milestone payments were received, strengthening cash flow.

EBITDA was NOK 75 million, compared to NOK 82 million a year earlier, reflecting
a combination of lower margin on the revenue mix, negative currency effects, and
higher personnel costs. Since last year, Cambi has completed a strategic plan to
selectively strengthen organisational capacity to enable future growth.

Order intake totalled NOK 102 million, up from NOK 63 million in the same
quarter of 2024. There was no contract above Cambi's market announcement
threshold of NOK 15 million. The Technology segment recorded a negative intake,
mainly due to reallocation of service-related backlog to the Solutions segment.

The order backlog at the end of June stood at NOK 938 million, down from NOK
1,484 million a year earlier, providing an indication for activity levels into
2026.


Key highlights for Q2 2025 (Q2 2024) 
in NOK million

Revenue 342 (306)
EBITDA 75 (82)
Order intake 102 (63)
Order backlog 938 (1,484)


Comment from Cambi's CEO, Per Lillebø:

"The second quarter saw good operational performance, with the highest revenue
in Cambi's history and healthy cash flow from milestone payments on several
projects. While order intake was modest, our active project portfolio and
pipeline provide a good basis for activity in the coming periods. We continue to
focus on project delivery, operational discipline, and maintaining strong client
relationships.

Following the quarter's close, we announced the acquisition of a majority stake
in CNP CYCLES, strengthening our market position in Germany and broadening our
technology portfolio. Combined with ongoing market activity, these developments
reinforce our strategic direction and position Cambi to deliver sustainable
value to customers, communities, and shareholders over the long term."


Webcast

Cambi will present its second-quarter 2025 results in a webcast tomorrow at
10:00 am CEST. Join the live broadcast at: https://investors.cambi.com/events

Questions may be submitted in advance to Investor Relations at
investors@cambi.com, or during the live presentation via the form available
through the on-screen QR code. Answers will be provided in a dedicated session
following the presentation.
 
A recording and transcript will also be made available after the event on
Cambi's website.

The second-quarter report and presentation slides are now published on:
o Cambi's investor website: https://investors.cambi.com/results-and-reports
o NewsWeb: https://newsweb.oslobors.no/

For more information, please contact: 
o Per Lillebø, CEO, +47 918 88 365, per.lillebo@cambi.com
o Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com 


About Cambi

Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 28 countries on six continents.

Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
both new and existing anaerobic digestion sites and compatible with all
biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is robust to regulatory
changes, meeting all sludge and waste treatment legal requirements.

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility in
Euronext, Europe's largest stock exchange platform. Find out more at cambi.com.