Scana ASA: Second quarter results 2025 – Focused actions in a weak quarter

20 Aug 2025 07:30 CEST

Bergen, 20 August 2025: Scana ASA delivered weaker results than in the same
quarter of last year. However, focused actions in key companies drove a positive
trend from the first to second quarter this year. Effects are expected to
materialize further in the second half of the year.

Q2 2025 Financial Highlights

• Revenue NOK 396 million
• EBITDA NOK 8 million
• EBITDA margin 2 %
• Order intake NOK 403 million
• Order backlog NOK 1174 million

Strategic focus in the Offshore division has shifted towards securing
prefabrication assignments related to maintenance contracts and modifications,
both onshore and offshore, supporting a more resilient business model. The new
direction is underpinned by a robust pipeline and strengthens the division’s
competitiveness towards frame agreements.

The Energy division had the second highest quarterly order intake in its
history. Combined with solid deliveries towards key segments such as E-house
modules, shore power and BESS (Battery Energy Storage Systems), the company
confirms its strong position within electrification.

Changes in the management
Baste Tveito was appointed as acting CEO, effective from 27 May. Baste has
served as COO within the Scana ASA management for the past two years.

Q2 Presentation
Today, at 08:45 CEST, Scana will present the Q2 results, followed by a live Q&A
session with Baste Tveito, CEO, and Morten Riiser, CFO. The presentation is part
of the Vestland på Børs conference in Bergen.

The event will be streamed and can be watched from this URL:
https://channel.royalcast.com/landingpage/hegnarmedia/20250820_13/

The presentation will be available for replay shortly afterward on Scana's
website, www.scana.no.

Attached to this stock exchange notice are the reports for the second quarter
and the first half of the year.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 20
August 2025 at 07:30 CEST.

For more information, please contact:

Baste Tveito, CEO, Scana ASA, +47 916 69 641

Scana in brief
Scana is an active industrial owner of technology and services to both the
energy and offshore industries. With an industrial history dating back to the
early 1900s, Scana has evolved to become a leader in technology and innovation.
This journey has provided a unique position to shape solutions for tomorrow,
driven by extensive industrial experience combined with quality and value
creation. Scana is headquartered in Bergen and has above 600 employees.
www.scana.no

More information:
Access the news on Oslo Bors NewsWeb site

653313_Scana ASA - Q2 2025 Report.pdf
653313_Scana ASA - Half year results 2025.pdf