Goodtech reports continued growth and improved profitability for the first half year 2025

Goodtech ASA delivered solid organic growth and substantial margin improvement in the second quarter of 2025, with EBITA up 70% year-over-year and a stable order backlog of NOK 345 million. The company remains robustly capitalized and with the focus on core operations, the company is well positioned for continued profitable growth.

Highlights Q2 2025

• Net operating revenue after external project costs increased to NOK 126.9 million (NOK 120.1 million in Q2 2024), representing 5.7% organic growth.
• EBITDA rose sharply to NOK 15.2 million (NOK 10.2 million), a 50% increase year-over-year, with an EBITDA margin of 12.0% (8.5%).
• EBITA increased to NOK 8.5 million (NOK 5.0 million), up 70% from the previous year.
• Order intake totaled NOK 170 million (NOK 297 million), with a stable order backlog quarter-on-quarter at NOK 345 million (NOK 386 million).
• The company had 302 employees at the end of Q2, up from 294 the previous year.
• Goodtech remains robustly capitalized, with an equity ratio of 53% and cash and cash equivalents of NOK 71.3 million as of 30 June 2025.
• The group has no outstanding debt, and total available liquidity stands at NOK 151.3 million.

Highlights H1 2025

• Net operating revenue after external project costs reached NOK 263.7 million, up 9.7% from NOK 240.4 million in H1 2024.
• EBITDA increased to NOK 30.4 million (NOK 22.1 million), corresponding to an EBITDA margin of 11.5% (9.2%).
• EBITA rose to NOK 18.1 million (NOK 12.1 million), with the EBITA margin improving to 6.9% (5.0%).

CEO Margrethe Hauge comments:

“Goodtech continues to demonstrate that its core business delivers improved profitability and solid operational performance. Our strong backlog and pipeline, together with a robust balance sheet, positions the Group well to continue supporting the industry’s continuous need to improve their competitiveness through digital and sustainable solutions.”

The quarterly report for Q2 2025 is attached to this press release.

See also the company's results for Q2 2025 in our webcast - https://youtu.be/UabL6rwEeJI

For more information, please contact CEO Margrethe Hauge or CFO Anders Engelsen:

Margrethe Hauge
CEO, Goodtech ASA
Mobile: +47 95 79 69 20
Email: margrethe.hauge@goodtech.no

Anders Engelsen
CFO, Goodtech ASA
Mobile: +47 93 20 79 01
Email: anders.engelsen@goodtech.no