Cambi ASA: First-quarter results 2025

12 May 2025 19:05 CEST

Cambi recorded stable revenue in the first quarter of 2025 compared to the same
period last year, delivering on its ongoing project portfolio in line with
client site schedules. Several projects were however affected by temporary
delays, deferring revenue recognition and milestone payments to the following
quarters.

EBITDA for the quarter was NOK 14 million, compared to NOK 36 million in the
same period one year earlier. The weaker performance is due to negative currency
effects combined with an elevated operating cost base following deliberate
investments to strengthen the organisation, positioning Cambi for long-term
value creation.

Cambi signed four contracts during the quarter, including two THP projects in
India and Spain, a service agreement in Denmark, and a contract expansion for
the Veas project in Norway. Grønn Vekst began preparations to exit the retail
soil market and is making progress in negotiations with interested parties, in
line with its strategic focus on core operations.


Key highlights (in NOK million)

Q1 2025 (Q1 2024)

Revenue: 225 (216)
EBITDA: 14 (36)
Order intake: 170 (401)
Order backlog: 1,177 (1,727)


Comment from Cambi's CEO, Per Lillebø:

"Cambi started 2025 with several important contract wins in key and emerging
markets. The first project in India marks a strategic milestone in our
international expansion, while the contract expansion in Oslo and the long-term
service agreement in Denmark reflect the value clients place on our technology
and expertise.

We have strengthened the organisation to position Cambi for larger and more
complex project deliveries in the years ahead.

With a solid order backlog and long-standing client relationships, Cambi remains
well positioned to deliver long term value to clients, society and
shareholders."


Webcast

Cambi will present its first-quarter 2025 results in a webcast tomorrow at 10:00
am CEST. Join the live broadcast at https://investors.cambi.com/events

Questions may be submitted to Investor Relations at investors@cambi.com before
the event and through a form during the live presentation. They will be
addressed in the Q&A session following the presentation. A recording and
transcript will also be made available on Cambi’s website after the event.

The full report and presentation slides are now published on Cambi's website
(https://investors.cambi.com/results and-reports) and on NewsWeb
(https://newsweb.oslobors.no/).


For more information, please contact:
• Per Lillebø, CEO, +47 918 88 365, per.lillebo@cambi.com
• Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com


About Cambi

Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 28 countries on six continents.

Cambi’s thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is a future-proof
solution suitable for all biosolids outlets, including land application and
thermal processes such as drying, pyrolysis, and incineration. Thermal
hydrolysis is compatible with all sludge and waste treatment regulations and
easy to integrate at new and existing anaerobic digestion sites.

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility in
Euronext, Europe’s largest stock exchange platform. Find out more at cambi.com.

More information:
Access the news on Oslo Bors NewsWeb site

646078_Cambi Q1 2025 Report.pdf
646078_2025.05.12 - Press release - Cambi ASA first-quarter 2025 results.pdf
646078_Cambi Q1 2025 Presentation.pdf