Logotype for AF Gruppen

AF Gruppen (AFG) investor relations material

AF Gruppen Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for AF Gruppen
Q3 2025 earnings summary14 Nov, 2025

Executive summary

  • Achieved record Q3 2025 results with revenue of NOK 7,803 million, strong profitability, and robust cash flow, supported by high activity across most business areas.

  • Earnings before tax rose to NOK 398 million in Q3, compared to NOK 289 million in Q3 2024.

  • Order intake reached NOK 7,692 million in Q3, with a record order backlog of NOK 44,382 million as of September 30, 2025.

  • The board resolved an additional dividend of NOK 4.00 per share to be paid in November 2025.

  • Continued positive safety trend with an LTI-1 rate of 0.2 in the quarter.

Financial highlights

  • Q3 revenue: NOK 7,803 million (up from NOK 7,204 million year-over-year); YTD revenue: NOK 22,740 million (up from NOK 22,043 million).

  • Q3 earnings before tax: NOK 398 million (up from NOK 289 million); YTD: NOK 1,000 million (up from NOK 496 million).

  • Q3 profit margin: 5.1% (up from 4.0%); YTD: 4.4% (up from 2.2%).

  • Cash flow from operations was NOK 1,000 million in Q3 and NOK 1,910 million year-to-date.

  • Net interest-bearing receivables stood at NOK 524 million, compared to net debt of NOK -780 million a year ago.

Outlook and guidance

  • No significant decline in construction costs expected in the short term; higher standards and stricter requirements will keep costs elevated.

  • Macroeconomic environment shaped by persistent trade tensions and high interest rates, though inflation is easing.

  • Norwegian and Swedish central banks have started to lower policy rates, but rates remain above pre-pandemic levels.

  • Civil engineering market expected to remain stable, with real growth forecast for 2026.

  • Construction market in Norway expected to return to growth in 2025 after two years of decline.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next AF Gruppen earnings date

Logotype for AF Gruppen
Q4 202513 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next AF Gruppen earnings date

Logotype for AF Gruppen
Q4 202513 Feb, 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