Scana ASA: Fourth quarter results 2025 – Solid margins and strengthened operations

19 Feb 2026 08:00 CET

Bergen, 19 February 2026: Scana ASA delivered a strong quarter, with EBITDA of
NOK 70 million and order intake of NOK 392 million. The positive development
continued, driven by high offshore margins and structural measures implemented
across the group, contributing to improved operating performance and efficiency.

Q4 2025 Financial Highlights:

• Revenue NOK 450 million
• EBITDA NOK 70 million
• EBITDA margin 16 %
• Order intake NOK 392 million
• Order backlog NOK 1,188 million

The Offshore division delivered strong performance in the quarter, supported by
several projects completed by Seasystems with solid margins. High activity at
Mongstad, particularly related to the production shutdown at Equinor’s refinery,
contributed positively to utilization and efficiency, while the cost base is now
aligned with current market conditions following completed structural measures.

During the quarter, the Energy division achieved a commercial breakthrough
within Battery-Integrated Megawatt Charging System. The division has aligned its
organization and cost level with current market conditions. Events after
quarter-end in the form of contract award (stock exchange notice 02.02.2026,
11:57 CET) are expected to strengthen the order backlog and position the
division for higher activity.

Q4 Presentation
Scana’s Q4 2025 results will be presented today at 10:00 CET by CEO Baste Tveito
and CFO Morten Riiser, followed by a live Q&A session.

The webcast presentation can be viewed at this link:
https://investorcast.live/webcastdetail?id=698996717cb86f4c3d972ec2

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

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 19
February 2026 at 08:00 CET.

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 around 500 employees.
www.scana.no

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666181_Scana ASA - Q4 2025 Report.pdf