Integrated Wind Solutions Q1 2026: Record high revenues and second declared dividend

22 May 2026 07:00 CEST

Integrated Wind Solutions ASA (“IWS”) has today published its Q1 2026 Financial
Report and Presentation.

HIGHLIGHTS - RECORD NET PROFIT AND SECOND DECLARED DIVIDEND
•Record high total revenue of EUR 34.4m for Q1, a 37% increase compared with Q1
2025 and a 21% increase from Q4.
•Group EBITDA of EUR 10.1m for Q1, a 92% increase from Q1 2025 and a 6% decrease
from Q4. The high year-over-year EBITDA growth was driven by IWS Fleet.
•Group net profit was EUR 4.9m for Q1, a 44% increase from Q1 2025, and a 38%
decrease from Q4, as capitalisation of borrowing costs has ceased and the
previous quarter had a positive tax effect that did not repeat in Q1.
•Earnings per share was EUR 0.08 in Q1, a 33% increase compared with Q1 2025 and
a 43% decrease from Q4.
•The Board has declared a second consecutive quarterly cash dividend of NOK 1.00
per share. The dividend will be paid on or about 10 June 2026 to shareholders as
of 29 May. The ex-dividend date will be 1 June 2026.
•IWS Fleet revenue of EUR 23.4m in Q1, versus EUR 22.3m in Q4 2025 and EUR 14.2m
in Q4 2025. All six vessels were in operation in Q1 and achieved commercial
utilisation of 95% as two vessels moved between charter contracts.
•IWS Services has merged its subsidiary, ProCon, with Hyndla, creating a premier
integrated partner in the global offshore wind supply chain. The merged business
signed new contracts totalling more than EUR 20m in Q1, more than doubling the
backlog from the end of Q4.

Lars-Henrik Røren, CEO, commented: “IWS reports another strong quarter with
record high revenues and the second consecutive dividend to shareholders.
Operationally, IWS Fleet continues to deliver strong performance for our
clients, with 95% commercial uptime in the seasonally slower first quarter and
solid earnings. For IWS Services, we are pleased to have completed the merger of
ProCon with Hyndla, achieved positive earnings, and secured strong backlog
growth in the quarter. Overall, the strong performance and a healthy balance
sheet provide a solid position for IWS going forward.”


For investor relations queries, contact
Marius Magelie
Group CFO, Integrated Wind Solutions
Phone: +47 920 27 419
E-mail: mm@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 owns six Commissioning
Service Operation Vessels. 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 PEAK Wind Group.

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

More information:
Access the news on Oslo Bors NewsWeb site

674246_Integrated Wind Solutions ASA Q1 2026 Financial Report.pdf
674246_Integrated Wind Solutions ASA Q1 2026 Presentation.pdf