Scana (SCANA) investor relations material

Financial performance and transformation

• Revenue increased from 764 MNOK in 1H 2025 to 806 MNOK in 1H 2026, with EBITDA rising from 101 MNOK to 101 MNOK in the same period.

• EBIT remained stable at 35 MNOK, while profit before tax shifted from -58 MNOK to -69 MNOK, indicating ongoing profitability challenges.

• Cash flow from operations over the last 12 months was 234 MNOK, with total cash flow at 101 MNOK and available liquidity of 224 MNOK as of June 30, 2026.

• Net interest-bearing debt stood at 20 MNOK as of June 30, 2026.

Order backlog and business activity

• Order backlog decreased from 1,246 MNOK in Q3 2025 to 1,045 MNOK in Q2 2026.

• Order intake also declined from 453 MNOK in Q2 2025 to 312 MNOK in Q2 2026.

• Offshore division delivered advanced mooring and jettyless fluid transfer solutions, including projects in Canada and partnerships for patented technologies.

• PSW Technology completed a critical BOP replacement for Odfjell Drilling in just 8 weeks, highlighting rapid execution and expertise.

Energy division and growth outlook

• Energy division focuses on megawatt charging systems for maritime vessels and battery storage solutions for data centers.

• Battery storage solutions are operational across the Nordics, supporting hyperscale data centers and grid-scale storage.

• Growth is driven by increasing demand for shore power, battery storage, and backup solutions due to electrification and digitalization.

• Offshore activity remains stable, with growth expected in subsea and LNG-related markets.