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Endúr (ENDUR) investor relations material
Endúr Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record-high quarterly EBITA of NOK 132 million and revenue of NOK 1,841.6 million, driven by strong performance in Infrastructure and Aquaculture Solutions, with significant contributions from recent acquisitions and organic growth.
EBITA margin improved to 7.2%, up 0.5 percentage points from Q3 2024.
Order backlog reached NOK 8.8 billion, providing strong revenue coverage into FY 2026, with robust order intake and high tender activity.
Strategic focus remains on organic growth, targeted M&A, and capital returns, supported by a solid financial position and ongoing share buy-back program.
Robust balance sheet supports future investments, dividends, and share buy-backs.
Financial highlights
Q3 2025 revenue was NOK 1,841.6 million, up from NOK 1,457 million in Q3 2024; EBITA was NOK 132 million (7.2% margin), up from NOK 97 million (6.7%).
Profit after tax was NOK 64.5 million, compared to NOK 11.1 million in Q3 2024.
Cash flow from operations was NOK 139 million, with available liquidity of NOK 1,126 million at quarter-end.
Net interest-bearing debt (excluding leasing) at NOK 205 million, reflecting a strong balance sheet post-refinancing.
Equity ratio at 37.6% as of Q3 2025.
Outlook and guidance
Order backlog of NOK 8.8 billion provides revenue coverage of NOK 4.3 billion for FY 2026, supporting continued high activity.
Market outlook remains positive in both Infrastructure and Aquaculture Solutions, with strong demand and a healthy pipeline of new contracts.
Ongoing projects and high tender activity, especially in Norway and Sweden, underpin expectations for sustained growth.
Exponential growth expected from land-based fish-farming investments, though a medium-term gap remains.
Continued focus on organic growth and targeted M&A to enhance service offering and workforce.
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