Soiltech ASA (OSE: STECH)
Sandnes, Norway 8 May 2025
The first quarter of 2025 marked a milestone for Soiltech, achieving the highest quarterly revenue in the company’s history. Revenue reached NOK 85.6 million, representing a 53% increase year-on-year. Adjusted EBITDA was NOK 18.1 million, an increase of 84% year-on-year, while Profit before tax was NOK 6.7 million, an 118% increase year-on-year. The performance in Q1 was driven by a high demand for our technologies across all service lines.
First Quarter Highlights
- Revenue of NOK 85.6 million, +53% year on year (YoY)
- Adjusted EBITDA of NOK 18.1 million, +84% YoY
- Adjusted EBITDA Margin of 21%, up from 18% YoY
- Profit before tax of NOK 6.7 million, +118% YoY
“We continue to deliver values to our clients by implementing technologies contributing to reduced costs, and safer and more efficient operations. We successfully managed to increase our solid waste handling business, increasing to 40% of total sales, compared to 24% in the first quarter last year. Soiltech’s SmartTransfer™ system, tailor making waste containment and transfer solutions to each rig’s specific needs, has been well received by our clients. Delivery of project specific onshore waste handling has also contributed well to the quarter”, says Soiltech CEO Jan Erik Tveteraas.
About Soiltech: Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste on site. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse. Soiltech operates world-wide and is headquartered in Norway.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Chief Executive Officer Jan Erik Tveteraas and Chief Financial Officer Tove Vestlie will be hosting a webcast and Q&A session at 09 am today to discuss the results.
Please use the following link to sign up for the webcast: (Presentation is attached)
https://us06web.zoom.us/webinar/register/WN_4b6WamFUQUShGfOHY9uPvw#/registration
Expected duration: 30 minutes incl. Q&A.
For more information, contact:
Tove Vestlie, CFO Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25
