Nekkar Asa
OSE:NKR

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Nekkar Asa
OSE:NKR
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Price: 13.45 NOK 1.13% Market Closed
Market Cap: kr1.4B

Nekkar Asa
Investor Relations

Nekkar ASA engages in the design, development and supply of equipment for the marine and offshore industries. The company is headquartered in Kristiansand, Vest-Agder. The company aims to develop sustainable technological solutions, is headquartered in Bergen, on the Norwegian West coast and is active locally.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 12, 2026
AI Summary
Q4 2025

Record Revenue: Q4 revenue reached a record NOK 197 million, up 9% year-over-year, mainly driven by activity in Techano Oceanlift and Intellilift.

Profitability Pressure: EBITDA margin for Q4 was 11.4%, but group EBITDA lagged last year due to NOK 17 million in cost overruns at Techano and a NOK 14 million noncash impairment for Skywalker.

Order Momentum: Q4 order intake was NOK 122 million, with major contracts from Syncrolift and Intellilift, and order backlog at quarter end stood at NOK 678 million.

Key Contract Wins: Intellilift secured a landmark 11-rig, 10-year SaaS contract after quarter end, signaling sharp future growth in recurring software revenues.

Syncrolift Outlook: Syncrolift continues to benefit from high defense demand, with a NOK 7.5 billion tender pipeline and no major contract losses, but timing of awards remains unpredictable.

Strong Balance Sheet: Nekkar remains debt-free with NOK 150 million in cash and an undrawn NOK 200 million credit facility.

2027 Ambition: Management reaffirmed its 2027 target of NOK 1.5 billion in organic revenues, citing favorable developments across operating companies despite short-term Syncrolift delays.

Key Financials
Revenue
NOK 197 million
Full Year Revenue
NOK 571 million
EBITDA
NOK 23 million
EBITDA Margin
11.4%
Full Year EBITDA
NOK 2 million
Net Profit (Q4)
negative NOK 11 million
Net Profit (Full Year)
negative NOK 35 million
Order Intake
NOK 122 million
Order Backlog
NOK 678 million
Cash
NOK 150 million
Treasury Shares (Book Value)
NOK 98 million
Undrawn Credit Facility
NOK 200 million
Equity
NOK 368 million
Equity Ratio
49%
Cash Flow from Business (Q4)
negative NOK 1 million
Cash Flow from Business (Full Year)
NOK 10 million
Share Buybacks (Q4)
NOK 23 million
Share Buybacks (Full Year)
NOK 64 million
Dividends to Minority Shareholders in Globetech
NOK 6 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ole Falk Hansen
Chief Executive Officer
No Bio Available
Ms. Marianne Ottosen
Head of Finance
No Bio Available
Mr. Rolf-Atle Tomassen
Managing Director of Syncrolift
No Bio Available
Ms. Mette Harv
Executive Vice President of Impact Technology Ventures
No Bio Available
Mr. Petter Brovig
Head of Strategy
No Bio Available
Mr. Ingolf Johansen
Group Chief Accountant
No Bio Available
Mr. Stig Trydal
Managing Director of Intellilift
No Bio Available
Mr. Nils Stray
Managing Director of Techano Oceanlift
No Bio Available
Kamilla Hovd Hondreils
Controller
No Bio Available

Contacts

Address
VEST-AGDER
Kristiansand
Andoyfaret 31
Contacts
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