)
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.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.
Next AF Gruppen earnings date
Next AF Gruppen earnings date
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.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
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.
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.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
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.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
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.
Explore our global coverage
)
)