AKVA attracts 'high-quality interest' in potential sale of company
But talks are still at an early stage, says global aquaculture supplier
Global fish farming supplier AKVA is seeing high-quality interest in a possible asset sale, with particular attention around a potential sale of the entire company as a complete platform, it said today.
The interest follows AKVA’s recent initiation of a strategic review to maximise shareholder value.
“Engagement with interested parties remains at an early stage,” AKVA said in a press release accompanying its results for the first quarter of this year. “The strategic review is expected to be concluded during the autumn of 2026. No decisions have been taken at this stage, and AKVA will provide an update to the market upon conclusion of the process.”
The company delivered high quarterly revenue in Q1 of NOK 1.14 billion (£90.5 million), an increase of 13% compared to the NOK 1.013bn made in Q1 2025.
EBIT (operating profit) was NOK 91m (Q1 2025: NOK 57), order intake was NOK 1.493bn (NOK 1.2bn) and the order book at the end of the quarter was worth NOK 2.83bn (NOK 2.799bn).
AKVA has three business units: Sea Based, Land Based, and Digital.
Sea Based
Sea Based brought in the most income, although revenue decreased from NOK 804m in Q1 2025 to NOK 755m, and EBIT fell marginally from NOK 65m to NOK 55m. The EBIT margin increased to 7.3% from 7.0%.
Order intake for Sea Based in Q1 was NOK 1.034bn (NOK 784m) and the value of the unit’s order book increased to NOK 1.323bn (NOK 1.108bn).
Revenue and other income in the Nordic region was NOK 533m (NOK 583m), and order intake was NOK 782m (NOK 626m). In the Americas region, revenue and other income decreased from NOK 153m to NOK 142m, with an order intake of NOK 190m (NOK 73m). Europe and Middle East (EME) had a revenue and other income of NOK 80m (NOK 68m) and the order intake was NOK 61m (NOK 85m).
Land Based
Revenue for Land Based increased significantly compared to Q1 2025, from NOK 176m to NOK 346m. EBIT was NOK 37m (NOK 6m) and the EBIT margin was 10.7% (3.5%).
Order intake was NOK 416m, (NOK 384m), including a RAS contract with a value of approximately NOK 200m awarded from Årdal Aqua AS in February, and the Land Based order book ended the quarter with a value of NOK 1.281bn (NOK 1.55bn).
A smolt contract of approximately €28m was awarded from Icelandic salmon farmer Laxey EHF in April.
Digital
Revenue amounted to NOK 39m (NOK 32m) in Q1 2026. EBIT was NOK -1m (NOK -5), and EBIT margin was -3.8% (-16.1%).
Order intake in Q1 2026 was NOK 44m compared to NOK 32m in Q1 2025. The unit’s order book was worth NOK 226m, (NOK 141m) at the end of Q1.
