ABL Group ASA: Q2 2025 financial results

20 Aug 2025 06:00 CEST

20 August 2025 – ABL Group’s 2025 second quarter results

HIGHLIGHTS Q2 2025

• Revenues of USD 96.1 million (Q2 24: USD 68.6 million)
• Operating profit of USD 2.5 million (Q2 24: USD 2.2 million)
• Adjusted EBIT of USD 3.5 million (Q2 24: USD 2.8 million)
• Net cash of USD 1.0 million (Q1 25: USD 3.5 million)
• Acquisition of Techconsult completed in April
• Semi-annual dividend of NOK 0.45 per share paid in June

Reuben Segal, CEO of ABL Group ASA (“ABL Group” or the “Company”) commented:
“In the first half of 2025, we continued to execute on our strategy to build a
diversified and resilient consultancy business serving the Energy and Oceans
markets. The integration of Proper Marine and Techconsult is progressing well,
strengthening our capabilities in primary design and resourcing, and driving the
strong year-on-year revenue growth of 40% in Q2 2025.

Our adjusted EBIT was 25% higher than Q2 2024, reflecting solid performance
across the group and the successful integration of recent acquisitions, even as
we absorb structurally lower-margin businesses such as Ross Offshore and
Techconsult. Our cost and efficiency plan, originating with the OWC business,
has been expanded in other parts of the business and continues throughout the
second half of 2025 as we continue to seek operational efficiency and margin
improvement.

We remain positive about the market outlook despite current volatility. Offshore
oil & gas and maritime activity are expected to remain stable through 2025, with
ABL maintaining a strong position in a relatively steady maritime market.
Geopolitical uncertainty continues to delay investment decisions in the
renewables sector, but tendering activity is picking up. OWC is also
diversifying its market exposure, with onshore wind, solar, and energy storage
now making up 20% of hours billed in Q2 2025.”

A presentation of the quarterly results will be held today at 08:30 CET at
SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be
webcast live and available for replay shortly after. To watch the webcast,
please visit ABL Group's website, www.abl-group.com.

The quarterly report and a corresponding slide presentation is available on
www.newsweb.no and on ABL Group's web site, www.abl-group.com.


ENDS

For further information, please contact:

Investors and financial media:
Stuart Jackson, Chief Financial Officer, ABL Group ASA
Email: stuart.jackson@abl-group.com

Other media enquiries:
Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 44 countries worldwide and operates under four
main brands: ABL, OWC, Longitude and AGR.

More information:
Access the news on Oslo Bors NewsWeb site

653280_Q2 2025 presentation_final.pdf
653280_Q2 2025 Report_final.pdf