Norbit ASA
OSE:NORBT
Norbit ASA
Norbit ASA engages in the provision of tailored technology solutions to niche markets. The company is headquartered in Trondheim, Sor-Trondelag. The company went IPO on 2019-06-20. The firm is structured in three business segments to address its key markets. Oceans segment delivers technology solutions to global maritime markets. The company is primarily engaged in sonar solutions based on integrated and compact sonars with light detection and ranging (LIDAR) and a global positioning system (GPS) for surface and subsea imaging and mapping. The Connectivity segment enables clients to digitise their operations further through data collection and tailored sensor analysis with connectivity devices, cloud computing and data fusion being directly integrated into the client’s business software or as stand-alone services. Connectivity consists of the Intelligent Traffic Systems (ITS) and Smart Data sub-segments. The Product Innovation & Realization (PIR) segment offers Research and Development (R&D) products and services, alongside contract manufacturing services to customers.
Norbit ASA engages in the provision of tailored technology solutions to niche markets. The company is headquartered in Trondheim, Sor-Trondelag. The company went IPO on 2019-06-20. The firm is structured in three business segments to address its key markets. Oceans segment delivers technology solutions to global maritime markets. The company is primarily engaged in sonar solutions based on integrated and compact sonars with light detection and ranging (LIDAR) and a global positioning system (GPS) for surface and subsea imaging and mapping. The Connectivity segment enables clients to digitise their operations further through data collection and tailored sensor analysis with connectivity devices, cloud computing and data fusion being directly integrated into the client’s business software or as stand-alone services. Connectivity consists of the Intelligent Traffic Systems (ITS) and Smart Data sub-segments. The Product Innovation & Realization (PIR) segment offers Research and Development (R&D) products and services, alongside contract manufacturing services to customers.
Record Year: Norbit reported its best year ever in 2025, with revenues up 43% to NOK 2.5 billion and strong improvements in both profit and margins.
Profitability Growth: EBIT for 2025 reached NOK 555 million (22% margin), and EPS rose 61% to NOK 6.32.
Dividend Proposal: The Board proposed a NOK 5 per share dividend, reflecting 79% of net profit, and updated its policy to pay at least 30% of net profit after tax.
Segment Performance: Connectivity and PIR drove significant revenue growth, while Oceans saw a Q4 revenue decline but full-year growth in sonar sales.
Strong Outlook: Management targets over NOK 3 billion in revenues for 2026, ahead of earlier forecasts, with expectations for continued margin improvement.
Operational Investments: Major capacity expansions were completed to support growth, particularly in defense and security, and working capital efficiency improved.
Order Visibility: Large defense contracts have been secured in PIR for H1 2026, and further customer base broadening is anticipated.
