A strong quarter for AKVA group
Fish farming supplier boosted EBITDA by 68% year on year
Global aquaculture supplier AKVA group made improved revenue of NOK 1.013 billion in the first quarter of 2025, a 29% increase compared to the NOK 784 million made in the same period last year.
EBITDA, a measure of operating profit, increased by 68%, from NOK 67m in Q1 2024 to NOK 123m (£8.9m). AKVA said this was due to increased revenue and partly to improved project margins in its Land Based business.
Total order intake for all divisions in Q1 this year was NOK 1.2bn, up from NOK 917m in Q1 2024. AKVA’s order book was worth NOK 2.8bn at the end of March 2025. The high order intake was supported by the award of a €30m smolt plant contract from Cermaq Chile and continued strong momentum in AKVA’s Sea Based division.
Share profit
During the period, AKVA sold shares in Abyss Group to Arcus Infrastructure Partners for net proceeds of NOK 144m and a net gain of NOK 12m.
Norway-headquartered AKVA group continues to see strong momentum for deepwater farming. The company also expects the post-smolt market in Norway to normalise during 2025.
For the whole of 2025, AKVA group aims to achieve a turnover of at least NOK 4bn and an EBIT margin of 6%. The company writes that it will continue to invest in and improve its solutions within all its business areas: offshore, land-based and digital technology.
