Asker, 15.05.2025 Revenue for Q1 amounted to USD 11.5 million, marking an increase of 21% year-over-year (YoY). EBITDA amounted to USD -0.2 million, alongside an EBIT of USD -2.0 million. Net loss for the quarter was USD 4.2 million.
Key Q1 2025 highlights include:
All amounts in USD million (Q1 2024 in brackets)
Revenue: 11.5 (9.5)
EBITDA: -0.2 (2.9)
EBIT: -2.0 (1.1)
Net profit (Loss): -4.2 (1.9)
Total expected backlog: USD 164 million
The presentation and financial report for Q1 2025 are enclosed.
For more information, please contact:
Jan P. Grimnes, Executive Chair
Email: jan.grimnes@argeo.no
Phone: +47 982 30 332
