)

Hav Group (HAV) investor relations material
Hav Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved Q2 2025 revenue of NOK 193.3 million, with EBITDA improving to NOK 4.1 million and positive net profit, driven by strong performance in Energy Design & Smart Control Systems.
Order intake reached NOK 215 million in Q2 2025, with a book-to-bill ratio of 1.11 and an order backlog of NOK 1,288 million at quarter-end.
Cash balance more than doubled year-over-year to NOK 293 million, reflecting robust operating cash flow.
Strategic downscaling and realignment of hydrogen-based energy systems executed, with annual cost savings of NOK 10 million expected and IP retained for future opportunities.
Formalized collaboration with Havila Voyages for next-generation coastal route ships and secured new contracts for water purification and navigation systems.
Financial highlights
Q2 2025 operating income was NOK 193.3 million, EBITDA at NOK 4.1 million (2.0–2.1% margin), and net profit of NOK 1.9–2.0 million, all improved from Q2 2024.
H1 2025 revenue increased by 6.5% year-over-year, with improvements in all main financial KPIs.
Cash flow from operations was strong, with NOK 52–54 million generated YTD 2025.
Total liabilities increased to NOK 648.5 million, mainly due to higher advance payments from customers.
Equity ratio decreased to 11.7% at Q2 2025, with total assets rising to NOK 734.5 million.
Outlook and guidance
Solid revenue growth and margin improvements are expected in H2 2025, driven by recent contract awards and active tendering.
Turnover is projected to increase in the second half of 2025, with Q4 anticipated as the strongest quarter.
Market outlook remains stable despite geopolitical and tariff headwinds, with main exposure in European and Norwegian markets reducing risk.
Next Hav Group earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, 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