Q3 2025 report

Goodtech ASA delivered solid organic growth and improved margins in the third quarter of 2025, with EBITA up 57% year-over-year, reaching 8.5% in the quarter. The company maintains a robust capital structure and is well positioned for continued growth.

Highlights Q3 2025

• Net operating revenue after external project costs increased to NOK 116.6 million (NOK 103.8 million in Q3 2024), representing 12% organic growth.
• EBITDA rose to NOK 15.4 million (NOK 12.1 million), a 27% increase year-over-year, with an EBITDA margin of 13.2% (11.7%).
• EBITA increased to NOK 9.9 million (NOK 6.3 million), up 57% from the previous year.
• Order intake totalled NOK 140 million (NOK 109 million), while order backlog ended at NOK 317 million (NOK 350 million).
• The company had 307 employees at the end of Q3, compared to 309 the previous year.
• Goodtech remains robustly capitalized, with an equity ratio of 53% and cash and cash equivalents of NOK 87.8 million as of 30 September 2025.
• The group has no outstanding debt, and total available liquidity stands at NOK 167.8 million.

CEO Margrethe Hauge comments:

“The third quarter is typically a seasonally softer period for Goodtech, which makes this quarter’s strong results particularly noteworthy. The performance was driven by the successful completion of several large projects and our continued focus on improving margins. These efforts underline the strength of our strategy and our ability to deliver solid profitability.”

The quarterly report for Q3 2025 is attached to this press release.

See also the company's results for Q3 2025 in our webcast - https://youtu.be/YncwpM0R4lA

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