Knut Nesse, AKVA Group CEO.
Photo: AKVA Group.
Norwegian aquaculture technology supplier AKVA Group increased its revenue to NOK 1,113 million (€99m / $106m) in the fourth quarter of 2025, up 41% from NOK 792 million a year earlier, according to its latest published results.
The group's EBITDA also rose year-on-year, reaching NOK 103 million, compared with NOK 76 million in the same period of 2024.
The rise was driven largely by the group's land-based business, where revenue almost doubled to NOK 422 million (€38m / $40m) during Q4. The division has been benefiting from continued investment in recirculating aquaculture systems, including a contract at the start of the quarter worth about NOK 220 million (€20m / $21m) secured from Tytlandsvik Aqua, a post-smolt producer based in Rogaland, Norway, co-owned by Grieg Seafood, Bremnes Seashore, and Vest Havbruk.
AKVA's Sea Based segment, which supplies equipment and systems for offshore fish farming, also reported growth during the quarter, with revenue increasing to NOK 653 million (€58m / $62m). The Nordic region recorded higher revenue, while the Americas and Europe and the Middle East also reported year-on-year increases.
Meanwhile, the group's Digital business, which provides software and monitoring technology for aquaculture operators, saw revenue rise to NOK 38 million (€3m / $4m), up from NOK 33 million last year. Order intake increased to NOK 77 million, which the company linked to two large-scale AKVA Observe contracts in Scotland.
The total order intake across the group was NOK 1,250 million (€111m / $119m) in the quarter, and the overall order backlog ended at NOK 2,539 million (€111m / $119m), slightly below the previous year’s level.
Looking ahead, the company said it expects "continued momentum" in deep farming concepts and is targeting revenue of at least NOK 5 billion (€444m / $475m) with an EBIT margin of 9% by 2027.