Norway's AKVA Q4 revenue rises 41% on strong momentum in segments

Akva ASA

13/02/2026 07:09

Overview

Norway aquaculture tech firm's Q4 revenue rose 41%, beating analyst expectations

Co's Land Based segment achieved record revenue of NOK 422 mln, up 94% yr/yr

The Sea Based segment secured strong order intake of NOK 952 mln

Outlook

AKVA aims for revenue of minimum NOK 5 bln and EBIT of 9% in 2027

Company foresees continued strong momentum for deep-farming concepts

AKVA continues to invest in Sea Based, Land Based, and Digital solutions

Result Drivers

LAND BASED GROWTH - Record high revenue of NOK 422 mln in Land Based segment, up 94% from Q4 2024

STRONG ORDER INTAKE - Sea Based segment secured NOK 952 mln in orders, contributing to total order intake of NOK 1,250 mln

DIGITAL CONTRACTS - Increased order intake in Digital segment due to large-scale contracts in Scotland

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
NOK 1.11 bln
NOK 836 mln (3 Analysts)
Q4 EBITDA
NOK 103 mln
Q4 Order Backlog
NOK 2.54 bln
Q4 Orders
NOK 952 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy"

Wall Street's median 12-month price target for Akva Group ASA is NOK121.50, about 35% above its February 12 closing price of NOK90.00

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNE42D3g1

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)