SOILTECH REPORTS SECOND QUARTER 2025

28 Aug 2025 07:36 CEST

Soiltech ASA (OSE: STECH)
Sandnes, Norway 28 August 2025

Soiltech reports a historically strong quarter in Q2 2025 with record revenue of
NOK 112 million, representing a 61% increase year-on-year. EBITDA adj. was NOK
26 million, an increase of 87% year-on-year, while Profit before tax was NOK 12
million, a 348% increase year-on-year.
The strong performance in the quarter was mainly driven by the start of
operations on Transocean Barents and Deepsea Bollsta, and high activity within
project specific onshore waste handling.

Second Quarter Highlights
• Revenue of NOK 112 million, +61% year on year (YoY)
• EBITDA adj. of NOK 26 million, +87% YoY
• EBITDA adj. Margin of 24%, up from 20% YoY
• Profit before tax of NOK 12 million, +348% YoY

For the first six months of 2025 Soiltech had revenue of NOK 198 million, a 57%
increase year-on-year. EBITDA adj was NOK 45 million, an 86% increase
year-on-year, while Profit before tax was NOK 19 million, an increase of 226%
year-on-year.

Half-year highlights

• Revenue of NOK 198 million, +57% year on year (YoY)
• EBITDA adj. of NOK 45 million, +86% YoY
• EBITDA adj. Margin of 23%, up from 19% YoY
• Profit before tax of NOK 19 million, +226% YoY

“The results demonstrate the scalability of our business model. We are in a
strong growth phase, with investments in both equipment and new field personnel.
This gives us the possibility to take advantage of market opportunities. Our
strategic focus on growing the solid waste management business, while
maintaining a strong position within fluid treatment is paying off”, says
Soiltech CEO Jan Erik Tveteraas.

About Soiltech:
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste on
site. Our technologies enable cost savings and lower CO2 emissions through waste
reduction, waste recovery and reuse. Soiltech operates world-wide and is
headquartered in Norway.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

Chief Executive Officer Jan Erik Tveteraas and Chief Financial Officer Tove
Vestlie will be hosting a webcast and Q&A session at 11 am today to discuss the
results.

Please use the following link to sign up for the webcast: (Presentation is
attached)
https://us06web.zoom.us/webinar/register/WN_AsQ5k_yxRFa-NdFuRGKpqw

Expected duration: 30 minutes incl. Q&A.

For more information, contact:
Tove Vestlie, CFO Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25

More information:
Access the news on Oslo Bors NewsWeb site

654051_Presentation STECH Q2 2025.pdf
654051_SOILTECH Q2 2025 Report.pdf