Integrated Wind Solutions Q3 2025: Record net profit

25 Nov 2025 07:05 CET

Integrated Wind Solutions ASA (“IWS”) has today published its Q3 2025 Financial
Report and Presentation.

HIGHLIGHTS - RECORD NET PROFIT
•Total revenue of EUR 24.1m for Q3 2025, a 15% decrease from Q2 and a 42%
increase compared with Q3 2024.
•Group EBITDA of EUR 8.7m for Q3 2025, a 3% decrease from Q2 and a 123% increase
from Q3 2024. The high year-over-year EBITDA growth was driven by IWS Fleet.
•Group net profit was EUR 6.3m for Q3 2025, a 19% increase from Q2 and a 141%
increase from Q3 2024.
•Earnings per share was EUR 0.12 in Q3 2025, a 20% increase from Q2.
•IWS Fleet revenue of EUR 17.2m in Q3, versus EUR 16.3m in Q2 2025 and EUR 8.0m
in Q3 2024. Five vessels were in operation by the end of Q3 2025, with two on
charter to Dogger Bank and three to Siemens Gamesa.
•The sixth vessel, IWS Sunwalker, was delivered from the yard on 22 September,
had its naming ceremony on 21 November in Las Palmas, and will commence its
first charter contract in December.
•IWS Services revenue of EUR 6.9m in Q3 2025, versus EUR 12.0m in Q2 2025 and
EUR 8.9m in Q3 2024. The decrease is a result of the completion of an OSS
project, and a somewhat lower activity level in the transition piece segment.
•PEAK Wind net revenue in Q3 2025 was moderately lower than Q3 2024. The Group’s
share of the net profit in Q3 2025 was EUR 0.1m, before EUR -0.1m amortisation
of acquisition-related intangible assets.

Lars-Henrik Røren, CEO, commented: “IWS reports another healthy quarter with a
record net profit. IWS Fleet continues to deliver strong performance for our
clients, with 100% commercial uptime, whilst generating solid earnings for the
owners. However, as guided in our Q2 report, the market for supply-chain
services, together with the OSS-project portfolio of IWS Services, has led to
some challenges, which also impacted the numbers this quarter. Furthermore, PEAK
Wind shows resilience with positive earnings. Overall, another solid quarter for
IWS.”


For investor relations queries, please contact

Marius Magelie
Group CFO Integrated Wind Solutions
Phone: +47 920 27 419
E-mail: mm@integratedwind.com


For press queries, please contact

Lars-Henrik Røren
CEO Integrated Wind Solutions
Phone: +47 98 22 85 06
E-mail: lhr@integratedwind.com


About IWS:
Integrated Wind Solutions ASA offers a fleet of state-of-the-art service vessels
to the offshore wind industry, combined with a suite of adhering services. The
Company owns approximately 75% of IWS Fleet, which has six Commissioning Service
Operation Vessels delivered. Furthermore, IWS owns the offshore wind
supply-chain service company, IWS Services A/S, and a 49% shareholding in the
independent advisor, consultancy, data intelligence, and wind farm operator firm
PEAK Wind Group.

Integrated Wind Solutions ASA is listed on Euronext Oslo Børs under the ticker
“IWS”.

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

More information:
Access the news on Oslo Bors NewsWeb site

660450_Integrated Wind Solutions ASA Q3 2025 Financial Report.pdf
660450_Integrated Wind Solutions ASA Q3 2025 Presentation.pdf