30 October 2025 - ABL Group's 2025 third quarter results
HIGHLIGHTS Q3 2025
o Revenues of USD 87.8 million (Q3 24: USD 86.2 million)
o Operating profit of USD 3.0 million (Q3 24: USD 2.5 million)
o Adjusted EBIT of USD 3.7 million (Q3 24: USD 3.0 million)
o Net debt of USD 2.6 million (Q2 25: USD 1.0 million net cash)
o Semi-annual dividend of NOK 0.45 per share declared, to be paid in November
Hege Norheim, CEO of ABL Group ASA ("ABL Group" or the "Company") commented:
"I am very pleased to be stepping into an executive role as CEO and look forward
to leading the business through the next stage of its evolution.
In the third quarter of 2025, revenue grew 2% year-on-year to USD 87.8 million,
with solid contributions from the acquisitions of Proper Marine and Techconsult,
offset by lower vessel and resourcing revenues in AGR. OWC maintained a stable
volume of activity, while Longitude saw some project delays impacting activity.
Our adjusted EBIT increased 23% year-on-year to USD 3.7 million, with an
adjusted EBIT margin of 4.2%, up from 3.4% in Q3 2024. This was driven by strong
performance in the ABL segment, which delivered its best quarter since Q3 2023,
with an EBIT margin above 20%, supported by increased rig move activity in the
Middle East.
Looking ahead, we expect offshore O&G and maritime markets to remain relatively
stable, while renewables activity remains a focus as we gradually diversify the
services and grow the onshore business.
I believe in the long-term prospects of ABL Group as I look to increase near
term profitability, invest in services that address our client needs and
continue the journey of consolidating professional services in energy and
oceans."
A presentation of the quarterly results will be held today at 08:30 CET at
SpareBank 1 Markets' office at Olav Vs gate 5, 0161 Oslo. The event will be
webcast live and available for replay shortly after. To watch the webcast,
please visit ABL Group's website, www.abl-group.com.
The quarterly report and a corresponding slide presentation is available on
www.newsweb.no and on ABL Group's web site, www.abl-group.com.
ENDS
For further information, please contact:
Investors and financial media:
Stuart Jackson, Chief Financial Officer, ABL Group ASA
Email: stuart.jackson@abl-group.com
Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no
About ABL Group
ABL Group (OSE: ABL Group ASA - ticker code "ABL") is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 44 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.