NORBIT delivered record-high revenues of NOK 2.5 billion million for the financial year 2025, with an operating profit (EBIT) for the full-year period at NOK 555.4 million, representing a margin of 22 per cent.
The fourth quarter also set a record, with revenues reaching NOK 791.1 million - an increase of 42 per cent compared to the same period in 2024. The EBIT result for the quarter was NOK 178.4 million, representing a margin of 23 per cent.
- The Oceans segment reported revenues of NOK 213.4 million, a 21 per cent decrease from Q4 2024, with an EBIT margin of 26 per cent.
- The Connectivity segment reached revenues of NOK 190.2 million, an increase of 25 per cent, and an EBIT margin of 28 per cent.
- The Product Innovation & Realization segment achieved a revenue growth of 173 per cent to NOK 407.9 million, with an EBIT margin of 22 per cent.
I’ll be updating this throughout the day as work permits!
At first glance, this report leans toward the disappointing side. It fell short of both the company’s own guidance and analyst estimates.
Important part: medium-term targets will be surpassed a year ahead of schedule, as was already known here.
The target for 2026 is to deliver more than NOK 3.0 billion in revenues and an EBIT margin improvement compared to the 22 per cent reported in 2025. The targets are supported by growth and improved financial performance through operational leverage, scalability and maintaining cost discipline.
New long-term ambitions toward 2030 will be presented at the second quarter reporting in August.