Key Takeaways
- AKVA Group ASA reported second-quarter 2026 revenue of NOK 1,189 million, up 2% from the same period in 2025.
- Quarterly EBITDA reached a record NOK 179 million, an increase of NOK 34 million, or 23%, year over year.
- Order intake totaled NOK 1,345 million in the quarter, including a smolt contract worth roughly EUR 28 million awarded by Laxey ehf in April, lifting the order backlog to NOK 2,997 million.
- The company will distribute a dividend of NOK 1 per share during the second half of 2026.
- A strategic review launched in April, examining options including a possible sale of the entire company, is expected to conclude in fall 2026.
Norwegian aquaculture technology company AKVA Group ASA, a publicly traded supplier of fish farming equipment and systems, reported record quarterly EBITDA in its second-quarter 2026 results, released August 14, citing high activity and strong financial performance across its business.
AKVA Group Posts Record Quarterly EBITDA in Q2 2026
AKVA Group posted revenue of NOK 1,189 million for the quarter, a 2% increase from the same period in 2025. EBITDA climbed to NOK 179 million, up NOK 34 million, or 23%, year over year and a record for the company.
Revenue and Order Backlog
Order intake for the quarter totaled NOK 1,345 million, including a smolt contract worth roughly EUR 28 million awarded by Laxey ehf in April. The order backlog stood at NOK 2,997 million at the end of the quarter. Cash and unused credit facilities totaled NOK 337 million, with total assets of NOK 4,266 million, total equity of NOK 1,428 million, an equity ratio of 33.5% and a leverage ratio of 2.51x.
Segment Performance Across Sea Based, Land Based and Digital
The Sea Based segment generated revenue of NOK 822 million and EBITDA of NOK 143 million, a 17.4% margin, with EBIT of NOK 94 million. Land Based revenue reached NOK 326 million with EBITDA of NOK 21 million, a 6.5% margin, and EBIT of NOK 17 million. The Digital segment, the smallest by revenue at NOK 41 million, posted the highest EBITDA margin of the three at 35.7%, with EBITDA of NOK 15 million and EBIT of NOK 1 million.
AKVA Group Plans Dividend and Weighs Strategic Sale
The company said it will distribute a dividend of NOK 1 per share during the second half of 2026. AKVA Group also confirmed that a strategic review launched in April, examining options that include a possible sale of the entire company, remains on track to conclude in fall 2026. Management set a target of NOK 5 billion in revenue and a 9% EBIT margin for 2027, a goal the company reaffirmed alongside the quarterly figures.
