Sentia reports strong growth and record-high order backlog in Q2

26 Aug 2025 07:00 CEST

Sentia delivered revenues of NOK 2 929 million in the second quarter. Profits
before tax ended at NOK 202 million for the quarter. The Group recorded new
orders amounting to NOK 6 018 million, bringing the order backlog to a record
NOK 21 341 million.

* Sentia achieved revenue growth of 8,4 % in the quarter and signed several
new contracts. We believe these figures reflect the strong demand for our
services and the Group's ability to secure key contracts. It is especially
encouraging that several of the development projects contracted during the
quarter are so-called collaborative projects. This is our preferred delivery
model, where we work closely with customers already in the early development
phase, says Jan Jahren, CEO of Sentia.


* Sentia has strong capacity and is well-positioned to manage the growing
backlog. The organization has recently been strengthened with new employees,
both in our subsidiary HENT and in Sentia Sweden, Jahren adds.

Health, safety and a good working environment are fundamental in Sentia. The
Group's H1 value for the past 12 months stands at 1,8%, down from 2,4% for the
full year 2024. Sentia continues to work systematically to avoid work-related
absences. Sick leave for Q2 was 4,8%.
Sentia maintains a solid financial position. Cash flow from operations was NOK
206 million in the quarter, compared with NOK 177 million in the same period
last year. This resulted in a net financial position of NOK 3 037 million at
the end of the quarter, up from NOK 2 586 million at the same time last year.
Selected highlights from the quarter:

* The quarter marked a historic milestone for Sentia. On June 13, the Group
was successfully listed on the Oslo Stock Exchange through a well-executed
IPO.

* Revenues amounted to NOK 2 929 million in Q2, up from NOK 2 701 million in
the same quarter last year -- an increase of 8,4 % compared to 2024. The
Group reports high project activity in its Norwegian subsidiary HENT,
combined with continued growth in Swedish subsidiaries SSEA and Vestia.

* Profits before tax ended at NOK 202 million, compared with NOK 169 million
in Q2 2024.

* The Group strengthened its financial position to NOK 3 037 million at the
end of the quarter, up from NOK 2 586 million in the same period last year.

* Order intake for Q2 reached NOK 6 billion -- a sharp increase from NOK 2,7
billion in the same period last year. The associated order backlog closed
the quarter at a record high NOK 21,3 billion, compared to NOK 17, 3 billion
last year.

* The Group's largest contract in Q2 was the new Bodø Airport for Avinor. The
project has an estimated contract value of NOK 1.9 billion and will cover
27,000 square meters. Construction of the terminal building is scheduled to
begin in August 2025, with completion planned for 2028. The official opening
is expected in 2029 or 2030.

More information:
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653804_Sentia ASA Quarterly Presentation Q2 2025.pdf
653804_Sentia ASA Quarterly Report Q2 2025.pdf