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NRC Group (NRC) investor relations material
NRC Group Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q2 2025 performance aligned with expectations, showing solid profit improvement and strong order intake year-over-year across Norway, Sweden, and Finland.
Order backlog reached NOK 9.0 billion, up from NOK 7.8 billion year-over-year, supporting future revenue growth.
Margin improvements in all countries, with Norway and Finland achieving EBIT margins of 4.8% and 4.9%, and Sweden securing a major NOK 678 million energy contract.
Cost efficiency and transformation programs progressed as planned, contributing to operational improvements.
The group is on track to achieve its full-year EBIT margin target above 2.0% for 2025, with a solid order pipeline and high tender activity.
Financial highlights
Q2 2025 revenue reached NOK 1.8 billion, up from NOK 1.7 billion in Q2 2024.
EBIT improved to NOK 60 million (3.4% margin) from NOK -742 million (-42%) in Q2 2024; adjusted EBIT in Q2 2024 was NOK -88 million.
Net profit for Q2 2025 was NOK 31 million, compared to a net loss of NOK 785 million in Q2 2024.
Operating cash flow increased to NOK 83 million from NOK 7 million year-over-year.
Earnings per share improved to NOK 0.18 from NOK -10.78 year-over-year.
Outlook and guidance
Revenue for 2025 expected below NOK 7 billion, with EBIT margin above 2.0%; 2026 revenue expected above NOK 7 billion and margin above 3.0%.
Long-term target for 2028 is revenue above NOK 10 billion and EBIT margin above 5.0%.
Promising tender pipeline across all countries, with NOK 25–29 billion in upcoming opportunities.
Order backlog and high tender activity support positive outlook for 2026 and beyond.
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