Goodtech (GOD) Q3 2026 earnings summary

Executive summary

• Net operating revenue after external project costs rose 4% YoY to NOK 121.6m; lower equipment deliveries reduced total revenue 9% to NOK 153.5m.

• EBITA was NOK 8.5m at a 7% margin amid recruitment and regional expansion; cost control continued.

• Service growth, digital offerings and the post-quarter Nussir award support a more resilient revenue mix and improved visibility into 2027.

Financial highlights

• External project costs fell to NOK 31.9m from NOK 51.4m; net operating revenue after those costs rose 4% to NOK 121.6m.

• EBITA was NOK 8.5m at a 7% margin; other operating expenses declined NOK 2.6m.

• Q3 EBITDA was NOK 14.1m vs. NOK 15.4m; EBIT was NOK 7.9m vs. NOK 8.9m, and reported earnings after tax were NOK 6.0m vs. NOK 7.2m.

• YTD net operating revenue after external project costs was NOK 395.1m vs. NOK 380.3m; YTD EBITDA was NOK 50.3m vs. NOK 45.8m and EBITA was NOK 33.4m vs. NOK 28.0m.

• Order intake was NOK 131m vs. NOK 140m in Q3 2025; quarter-end backlog was NOK 281m vs. NOK 317m.

Outlook and guidance

• Three industrial data and AI platform pilots are confirmed in food and marine ingredients; installations are ongoing, with first pilot-related revenue expected in Q4 2026.

• The ~NOK 240m Nussir contract is booked as Q4 order intake, with revenue recognized through expected completion in Q2 2028.

• Underlying customer activity and the opportunity pipeline remain healthy, though decision cycles for some larger investments are extended.