Klepp, Norway-based aquaculture technology provider AKVA group achieved record first-quarter revenues in the opening three months of this year.
The firm’s revenue for Q1 2025 rose 29 percent year over year to just over NOK 1 billion (USD 96.2 million, EUR 85.6 million).
By segment, revenues earned by its Sea-Based Technology (SBT) division in Q1 2025 totaled NOK 804 million (USD 77.4 million, EUR 68.8 million), which was up from the NOK 646 million (USD 62.2 million, EUR 55.3 million) earned a year previously. Its EBITDA and EBIT ended at NOK 96 million (USD 9.2 million, EUR 8.2 million) and NOK 56 million (USD 5.4 million, EUR 4.8 million), which marked an increase from NOK 64 million (USD 6.2 million, EUR 5.5 million) and NOK 29 million (USD 2.8 million, EUR 2.5 million), respectively, in Q1 2024.
Revenues for AKVA’s Land-Based Technology (LBT) arm in Q1 reached NOK 176 million (USD 16.9 million, EUR 15.1 million), which was up NOK 75 million (USD 7.2 million, EUR 6.4 million) year over year. Its EBITDA and EBIT ended the period at NOK 10 million (USD 962,500, EUR 815,500) and NOK 6 million (USD 577,000, EUR 513,500), respectively, versus NOK -3 million (USD -299,000, EUR -257,000) and NOK -6 million (USD -577,000, EUR -513,500) in Q1 2024.
Revenues for AKVA’s Digital (DI) segment, meanwhile, fell NOK 5 million (USD 481,000, EUR 428,000) in the period to NOK 32 million (USD 3.1 million, EUR 2.7 million). Its EBITDA and EBIT were NOK 7 million (USD 673,000, EUR 599,000) and a loss of NOK 5 million (USD 481,000, EUR 428,000), respectively.
Thanks to the increased revenue, AKVA CEO Knut Nesse said the group’s EBITDA …
