EQVA ASA reported second-quarter 2026 EBITDA of NOK 19.2 million on revenue of NOK 365 million, marking a sequential improvement in margins after a first-half pretax loss of NOK 15.7 million.
The industrial group’s H1 2026 revenue totaled NOK 735 million, with operating income of NOK 735.3 million, according to slides published Wednesday. Pro forma last-12-month revenue reached approximately NOK 1.567 billion, while the EBITDA margin expanded to 6.8% from 4.0% in the first half of the year. Net interest-bearing debt stood at NOK 364 million as of June 30, 2026, with cash holdings of NOK 245 million.
EQVA Industrial Solutions, the group’s largest segment, generated NOK 728 million in operating income during H1 2026, with EBITDA of NOK 40.4 million at a 5.5% margin. Pro forma LTM revenue for the segment reached NOK 1.511 billion, with an EBITDA margin of 7.4%. EQVA Renewables, operating through Fossberg Kraft, reported revenue of NOK 6.6 million and EBITDA of NOK 2.3 million at a 34.3% margin. Real estate operations contributed NOK 4.1 million in revenue and NOK 3.6 million in EBITDA at an 87% margin.
The company’s order backlog stood at NOK 1.067 billion at the end of Q2 2026, up from NOK 770 million in Q4 2024. Framework agreements accounted for 52% of the backlog, fixed-price contracts for 40%, and time-and-material contracts for 7%. A data center contract exceeding NOK 100 million with Data Centre Installations in Tydal was highlighted as a driver of higher-margin work, leveraging EQVA’s cross-disciplinary capabilities.
EQVA completed the acquisition of Einar Øgrey Farsund in June 2026, adding NOK 171 million in annual revenue and 65 employees. The group’s equity ratio was 30% as of June 30, with total assets of NOK 1.378 billion, including NOK 443 million in intangible assets and NOK 164 million in property, plant, and equipment.
Management emphasized the company’s positioning amid two key industrial trends: data center growth and rising power demand. CEO Olav Hilmar Koløy stated that EQVA has built a diversified platform with a strong order backlog and a strategy for growth through organic development and acquisitions. CFO Daniel Molvik noted that the data center contract demonstrated the strength of EQVA’s integrated toolbox, enabling rapid mobilization across disciplines to secure higher-margin projects.
