AF Gruppen
Logotype for AF Gruppen

AF Gruppen (AFG) investor relations material

AF Gruppen Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for AF Gruppen
Q4 2025 earnings summary13 Feb, 2026

Executive summary

  • Achieved record quarterly and annual revenues and results, supported by strong cash flow, order intake, and improved profitability, with a solid order backlog and high cash flow from operations.

  • Earnings before tax rose to NOK 653 million in Q4 and NOK 1,653 million for the full year, with profit margins improving year-over-year.

  • The board resolved a dividend of NOK 6.50 per share, up from NOK 5.00.

  • Focused on strengthening project management, professional expertise, and exploring new growth opportunities through recent acquisitions.

Financial highlights

  • Q4 revenue: NOK 9,252 million (up from NOK 8,595 million); full-year revenue: NOK 31,992 million (up from NOK 30,638 million).

  • Q4 earnings before tax: NOK 653 million (up from NOK 589 million); full-year: NOK 1,653 million (up from NOK 1,085 million).

  • Q4 profit margin: 7.1% (up from 6.9%); full-year: 5.2% (up from 3.5%).

  • Cash flow from operations: NOK 1,128 million in Q4 and NOK 3,038 million for the year.

  • Order backlog at year-end: NOK 44,716 million (up from NOK 40,351 million).

  • Net interest-bearing receivables: NOK 1,274 million as of 31 December 2025.

Outlook and guidance

  • High order backlog of NOK 44,716 million as of year-end supports continued activity.

  • Market outlook influenced by trade tensions, high interest rates, and moderate construction activity in Norway.

  • Civil engineering market expected to see moderate real growth in 2026 and 2027, with strong public investment.

  • Energy and environment sector to benefit from regulatory changes and increased focus on energy efficiency.

  • Offshore market expects increased decommissioning activity and new opportunities in offshore wind.

Offshore Decom loss: Any residual financial risk?
Property: Strategy for unsold units & market?
Climate goals: Key initiatives for 2028/2030?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next AF Gruppen earnings date

Logotype for AF Gruppen
Q1 202513 May, 2026
AF Gruppen
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next AF Gruppen earnings date

Logotype for AF Gruppen
Q1 202513 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

AF Gruppen ASA was incorporated in Norway in 1954. Operating since then as a contracting and industrial company engaged in civil engineering, environment, building, property, energy, and offshore businesses primarily in Norway and Sweden. The Company's segments include Nordic Operations Segment (NO), which is located in Norway and Sweden; Domestic Operations Segment (SE), which is located in Sweden; and Expanded Markets Segment (EM). AF Gruppen ASA is based in Oslo, Norway.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage