Vow ASA achieved record revenues in Q4 2025, reaching NOK 347.4 million, up NOK 81.7 million from the previous year. The Maritime Solutions and Aftersales segments drove growth, with a solid order backlog of close to NOK 1.7 billion extending to 2034. Adjusted EBITDA was NOK 15.8 million.

Despite profitability gains in key segments, Vow ASA reported a negative EBITDA in Industrial Solutions. A total non-cash impairment of NOK 119.3 million was recognized, mainly in Industrial Solutions. The Group’s liquidity increased significantly, reaching NOK 136.2 million by year-end, with cash flow expected to fluctuate in 2026.

Vow ASA concluded a strategy revision in Q4 2025, appointing leaders with clear P&L responsibilities for each segment. Focus remains on Maritime Solutions and Aftersales, with a more selective approach in Industrial Solutions. The Group aims to balance risk and opportunities, emphasizing cost control and project execution.

Read more at GlobeNewswire: Record Q4 revenues and strategy revision