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Scana
Scana (SCANA) investor relations material
Scana Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary19 Feb, 2026
Executive summary
Revenue for Q4 2025 was NOK 450 million, stable year-over-year, with strong offshore performance and high offshore margins offsetting a decline in energy.
EBITDA rose to NOK 70 million, up 166% from Q4 2024, driven by high activity, project completions in offshore, and structural efficiency measures.
Profit before tax reached NOK 27 million, a significant turnaround from a loss in Q4 2024.
Order intake increased 19% year-over-year to NOK 392 million, and order backlog grew 18% to NOK 1,188 million.
Financial highlights
Adjusted EBITDA for Q4 2025 was NOK 74 million, up 48% year-over-year.
EBITDA margin improved to 16% from 6% in Q4 2024.
Offshore division revenue increased 15% year-over-year to NOK 333 million, with EBITDA at NOK 76 million.
Energy division revenue declined 25% year-over-year to NOK 127 million, with EBITDA at NOK 1 million, impacted by low activity and restructuring costs.
Cash generation in Q4 was NOK 105 million, with a liquidity reserve of NOK 214 million at year-end.
Outlook and guidance
Approximately NOK 716 million of the order backlog is expected to be executed in 2026.
Offshore backlog includes NOK 370 million related to the Equinor frame agreement, with significant deliveries anticipated in 2026.
Energy segment expects market entry for BESS facility in Q2 2026, pending final approval.
Recent contract awards after quarter-end are expected to further strengthen the order backlog and support higher activity in the Energy division.
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Next Scana earnings date
Q1 202621 May, 2026
Scana
Next Scana earnings date
Q1 202621 May, 2026
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Frequently asked questions
Scana ASA provides equipment and services to the maritime industry. The company offers valve remote control systems, mooring solutions and standard and customized containers/module solutions to vessels, rigs, and floating structures serving the shipping, oil and gas, aquaculture, and energy industries. It also engages in the design and integration of electrical power systems, electrical infrastructure, energy storage systems and control systems; as well as provides rig, capping, equipment support, make and break, IMR lifecycle, welding and asset integrity management services to drilling industry. In addition, the company offers riser applications to the oil and gas industry.
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