Goodtech (GOD) Q3 2025 earnings summary

Executive summary

• Net operating revenue after external project costs rose 12% year-over-year to 116.6 MNOK, driven by successful completion of several large projects and strong activity across all regions in Norway.

• EBITDA increased to 15.4 MNOK (13.2% margin), and EBITA grew 57% year-over-year to 9.9 MNOK (8.5% margin).

• Order intake surged 28% year-over-year to 140 MNOK, with a stable order backlog of 317 MNOK, supported by new strategic contracts.

• Workforce remained stable at 307 employees, with a low sick leave rate of 3.9% and no absence injuries in the last 12 months.

Financial highlights

• Total revenue for Q3 2025 was 168.0 MNOK, up 16% from Q3 2024.

• EBITDA margin improved to 13.2% from 11.7% year-over-year.

• EBITA margin increased to 8.5% from 6.1% year-over-year.

• Net profit from continuing operations was 7.2 MNOK, compared to -3.9 MNOK last year.

• Earnings per share from continuing operations were 0.25 NOK (0.23 NOK in Q3 2024).

Outlook and guidance

• Diversified industry exposure helps mitigate sector-specific risks.

• Despite global market turbulence, industrial investment remains strong, and the company is focused on margin improvement and cash flow.

• Expansion of service and aftermarket offerings is a priority to enhance value and personnel utilization.