Inin Group (ININ) Q4 2024 earnings summary

Executive summary

• Achieved strong revenue growth in Q4 2024, up 71% year-over-year to MNOK 549, and full-year 2024 revenue rose 155% to MNOK 1,743, driven by organic growth and acquisitions.

• EBITDA for Q4 2024 increased 273% year-over-year to MNOK 47; full-year EBITDA up 153% to MNOK 73.

• Several strategic acquisitions and contracts signed, including Nordnes Narvik AS, Skyttermoen Anlegg, and Testpartner Gruppen.

Financial highlights

• Q4 2024 revenue: MNOK 549 (Q4 2023: MNOK 321); FY 2024 revenue: MNOK 1,743 (FY 2023: MNOK 683).

• Q4 2024 EBITDA: MNOK 47 (Q4 2023: MNOK 11); FY 2024 EBITDA: MNOK 73 (FY 2023: MNOK 29).

• Q4 2024 net loss: MNOK -70; FY 2024 net loss: MNOK -142.

• Cash and cash equivalents at year-end: MNOK 125 (2023: MNOK 44).

Outlook and guidance

• Forward-looking statements highlight expectations for continued growth, but caution on risks such as market adaptation, competition, and regulatory changes.