Soiltech ASA (OSE: STECH)
Sandnes, Norway, 28 August 2025
Soiltech reports a historically strong quarter in Q2 2025 with record revenue of NOK 112 million, representing a 61% increase year-on-year. EBITDA adj. was NOK 26 million, an increase of 87% year-on-year, while Profit before tax was NOK 12 million, a 348% increase year-on-year. The strong performance in the quarter was mainly driven by the start of operations on Transocean Barents and Deepsea Bollsta, and high activity within project specific onshore waste handling.
Second Quarter Highlights
- Revenue of NOK 112 million, +61% year on year (YoY)
- EBITDA adj. of NOK 26 million, +87% YoY
- EBITDA adj. Margin of 24%, up from 20% YoY
- Profit before tax of NOK 12 million, +348% YoY
For the first six months of 2025 Soiltech had revenue of NOK 198 million, a 57% increase year-on-year. EBITDA adj was NOK 45 million, an 86% increase year-on-year, while Profit before tax was NOK 19 million, an increase of 226% year-on-year.
Half-year highlights
- Revenue of NOK 198 million, +57% year on year (YoY)
- EBITDA adj. of NOK 45 million, +86% YoY
- EBITDA adj. Margin of 23%, up from 19% YoY
- Profit before tax of NOK 19 million, +226% YoY
“The results demonstrate the scalability of our business model. We are in a strong growth phase, with investments in both equipment and new field personnel. This gives us the possibility to take advantage of market opportunities. Our strategic focus on growing the solid waste management business, while maintaining a strong position within fluid treatment is paying off”, 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 at 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 11 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_AsQ5k_yxRFa-NdFuRGKpqw
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
