Cambi ASA
OSE:CAMBI
Cambi ASA
Cambi ASA engages in the provision of thermal hydrolysis solutions. The company is headquartered in Asker, Akershus. The company went IPO on 2021-02-09. The Group is global provider of thermal hydrolysis solutions for sewage sludge and organic waste management. The company also provides technology for advanced anaerobic digestion and biogas solutions in wastewater treatment. The Group’s activities are divided into two business segments: Cambi Group segment, which is focused on developing and marketing the Thermal Hydrolysis Process (THP) technology, and Cambi Invest segment, that is tackling acquisitions and investment opportunities. The Group’s range of services also comprise sample testing, engineering design, installation of a Cambi plants as well as commissioning. Cambi ASA has a subsidiary, including Groenn Vekst AS.
Cambi ASA engages in the provision of thermal hydrolysis solutions. The company is headquartered in Asker, Akershus. The company went IPO on 2021-02-09. The Group is global provider of thermal hydrolysis solutions for sewage sludge and organic waste management. The company also provides technology for advanced anaerobic digestion and biogas solutions in wastewater treatment. The Group’s activities are divided into two business segments: Cambi Group segment, which is focused on developing and marketing the Thermal Hydrolysis Process (THP) technology, and Cambi Invest segment, that is tackling acquisitions and investment opportunities. The Group’s range of services also comprise sample testing, engineering design, installation of a Cambi plants as well as commissioning. Cambi ASA has a subsidiary, including Groenn Vekst AS.
Revenue Growth: Cambi reported Q4 revenue of NOK 245 million, up from NOK 234 million last year, and maintained annual revenue above NOK 1 billion, more than double 2022’s figure.
Margins Declined: Gross margin in Q4 was 52%, down from 58% last year, and full-year gross margin dropped to 49% from 55% in 2024, mainly due to project mix and lower-margin contracts.
EBITDA Down: Q4 EBITDA was NOK 28 million (vs NOK 39 million in Q4 2024), and full-year EBITDA fell to NOK 159 million from NOK 226 million in 2024.
Strong Cash Flow: Operating cash flow was NOK 136 million for the quarter, and cash and cash equivalents rose to NOK 288 million at year-end.
Order Backlog: Order backlog remained above NOK 1 billion, though down from NOK 1.2 billion at end-2024, with a more diversified mix across segments.
Dividend Proposal: The Board proposes a 2-step dividend, starting with NOK 0.30 per share in May, plus a potential second payment in the autumn.
2026 Outlook: Management expects a weaker financial result in 2026 due to delayed new orders but maintains positive long-term growth expectations.
