Odfjell Technology reports third-quarter 2025 revenue of NOK 1,434 million and EBITDA of NOK 202 million compared to EBITDA of NOK 193 million in Q2 2025. The EBITDA margin was 14%, reflecting solid operational performance.
The Group’s contract backlog remains strong at NOK 12.4 billion, providing long-term visibility across business areas. Net profit for the quarter was NOK 102 million, and the Board of Directors has approved a quarterly dividend of NOK 60 million, equal to NOK 1.52 per share, maintaining OTL’s consistent dividend track record and attractive direct yield of around 11%.
Operational performance was strong overall. Well Services delivered a 32% EBITDA margin supported by stable activity and contract extensions in Kuwait and Turkmenistan. Operations reported revenue growth of 16% compared to Q2 2025, driven by strong operational delivery, while Projects & Engineering completed several modification and maintenance projects, with activity reducing in line with typical seasonal patterns.
Odfjell Technology AS CEO Simen Lieungh comments:
'We continue to deliver stable performance through disciplined execution and operational improvements. Our strong backlog and ongoing Performance Improvement Programme provide a solid foundation for value creation, and we are well positioned to pursue selective growth opportunities.'
Highlights of the quarter
- Revenue of NOK 1,434 million
- EBITDA of NOK 202 million
- EBITDA margin of 14%
- Net profit of NOK 102 million
- Backlog of NOK 12.4 billion
- Leverage ratio of 1.28x
- Quarterly dividend of NOK 60 million (NOK 1.52 per share), equal to an 11% direct yield
Source: Odfjell Technology
