News

Argeo achieves significant growth in the second quarter

Argeo achieves significant growth in the second quarter

Asker, 29 August 2024: Argeo reports good growth performance for Q2 2024, driven by significant contract wins and strategic advancements in our technology portfolio. Revenue improved to USD 15.7 million, marking an increase of 1037% year-over-year (YoY). EBITDA rose...

Half-year operational update

Half-year operational update

Below are highlights from our half-year operational update from Argeo. You can download the full update presentation here: Download Full Operational Update (PDF) Vessel Inspection: Completed intermediate planned vessel inspection in Durban Docking &...

Argeo delivers strong financial results in the first quarter

Argeo delivers strong financial results in the first quarter

Argeo achieved record growth in revenue, with an increase of 288% YoY to USD 9.5 million and an EBITDA of 2.9 million, an increase of +415% YoY. Net profit was USD 2.0 million, an increase of 238% YoY. The remaining backlog for 2024 now totals USD 54 million, whereas...

Argeo’s Proprietary Technology: Advancing Deep-Sea Exploration and Marine Minerals Resource Assessment

Argeo’s Proprietary Technology: Advancing Deep-Sea Exploration and Marine Minerals Resource Assessment

The Norwegian government’s recent decision to open the Norwegian Exclusive Economic Zone for mineral activities marks a significant milestone. Preceding this decision, the Norwegian Offshore Directorate conducted a systematic deep-sea mapping initiative, with Argeo providing support through its exploration technology and services utilized for seabed mapping in 2023…