Decision on potential sale draws closer
AKVA group says the process that could result in the sale of the entire company is now at an advanced stage, with a conclusion expected during the autumn.
Published
Modified
The update was included in the company’s second-quarter report.
AKVA group launched a strategic review on April 8 with the aim of maximising shareholder value.
When presenting its first-quarter results on May 8, the company said the initial phase of the review had revealed what AKVA described as high-quality interest in a potential sale of the entire company as a complete platform.
In its second-quarter report, the company provided a further update on the process.
The strategic review has now entered a more advanced phase, and AKVA expects to reach a conclusion during the autumn.
At the same time, the company stressed that no final decision has yet been made, adding that the market will be informed when the process has been concluded.
Record-high result
The update on a potential sale comes as AKVA group reports a strong second quarter.
The company generated revenue of NOK 1.19 billion during the quarter, up 2% from the same period last year. EBITDA reached a record-high NOK 179 million, an increase of NOK 34 million, or 23%, compared with the second quarter of 2025.
Order intake was NOK 1.35 billion, while the order backlog at the end of the quarter was close to NOK 3 billion.
The high order intake was driven in part by a smolt contract with Laxey EHF worth around €28 million, as well as strong activity in sea-based technology. The company secured contracts for three new feed barges for the Nordic and international markets, among other orders.
The company said its order backlog provides a solid foundation for continued organic growth through the remainder of 2026 and into 2027.
Improved profitability
In the Sea Based segment, revenue fell from NOK 868 million to NOK 822 million, but profitability improved. EBITDA increased from NOK 124 million to NOK 143 million, while the EBITDA margin rose from 14.3% to 17.4%.
The Land Based segment, meanwhile, increased revenue from NOK 264 million to NOK 326 million. EBITDA rose from NOK 13 million to NOK 21 million.
At the end of the quarter, Land Based had an order backlog of NOK 1.36 billion, equivalent to 46% of AKVA’s total order backlog.
The Digital segment generated revenue of NOK 41 million, compared with NOK 35 million a year earlier, and delivered EBITDA of NOK 15 million.
AKVA attributed the overall improvement in earnings to factors including economies of scale, a favourable product mix in Sea Based and continued strong project execution in Land Based.
The company also maintained its ambition of achieving revenue of at least NOK 5 billion and an EBIT margin of 9% in 2027.
AKVA has also decided to pay a dividend of NOK 1 per share in the second half of 2026, following a dividend of the same amount paid in April.
