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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
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Cambi
Cambi (CAMBI) investor relations material
Cambi Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Q4 2025 revenue reached NOK 245 million, up 5% year-over-year, with EBITDA at NOK 28 million, reflecting seasonal margin pressure in the Solutions segment.
Full-year revenue was NOK 1,068 million, more than doubling since 2022 and up 3% from 2024, but gross margin declined to 49% from 55% in 2024.
Strong operating cash flow of NOK 136 million in Q4 and a robust balance sheet with no long-term debt.
Order backlog remained above NOK 1 billion at year-end, though down from NOK 1.2 billion at 2024 year-end and more diversified.
Board proposes a two-step dividend payout: NOK 0.30 per share in May, with a potential second payment in autumn.
Financial highlights
Q4 gross margin was 52%, down from 58% in Q4 2024, but improved sequentially in 2025.
Full-year EBITDA was NOK 159 million (15% margin), down 30% from NOK 226 million (22%) in 2024.
Operating expenses rose to NOK 369 million in 2025, reflecting organizational buildup and closure of the soil facility.
Cash and cash equivalents at year-end were NOK 288 million.
Dividend payout in Q4 totaled NOK 72 million.
Outlook and guidance
2026 financial results expected to be weaker than 2025 due to order delays, but long-term growth expectations are maintained.
Near-term growth drivers are strongest in the UK and Norway, with regulatory tightening and methane control standards supporting demand.
Diversification of backlog and investments in new markets (India, France, Germany, Saudi Arabia) support future growth.
The two-step dividend approach balances shareholder returns with prudent liquidity management.
Why 2026 operating profit lower than 2025?
Impact of THP leasing on business model?
Backlog diversification impact on risk/margins?
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Next Cambi earnings date
Q1 202612 May, 2026
Cambi
Next Cambi earnings date
Q1 202612 May, 2026
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Frequently asked questions
Cambi ASA is a Norway-based company specializing in sustainable solutions for managing sewage sludge and organic waste. Its core offering is thermal hydrolysis technology, which enhances anaerobic digestion processes, allowing for the efficient treatment of wastewater and organic waste. Through its two primary business segments, Technology and Solutions, Cambi provides a range of services including engineering design, installation, commissioning, and optimization for biogas production facilities. The company is headquartered in Asker, Norway, and its shares are listed on the Oslo Stock Exchange.
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