Cambi reported revenue of NOK 179 million in the first quarter, compared with
NOK 225 million in the same quarter last year. EBITDA increased to NOK 23
million from NOK 14 million, supported by an improved gross margin and progress
in Grønn Vekst's profit improvement programme.
Comment from Cambi's CEO, Per Lillebø:
"Cambi started 2026 with strong order intake and improved EBITDA. The UK remains
our strongest near-term market. We signed the first two THP construction
contracts under AMP8, as well as our first THP leasing agreement. In Norway,
Grønn Vekst continued to improve profitability."
Key highlights (in NOK million)
Q1 2026 (Q1 2025)
Revenue: 179 (225)
EBITDA: 23 (14)
Order intake: 348 (170)
Order backlog: 1,190 (1,177)
Revenue in the first quarter reflected progress across ongoing construction
contracts, with several large contracts nearing completion. EBITDA improved
compared with the same quarter last year, supported by a higher gross margin and
a stronger contribution from the Solutions segment. Net financial items were
negatively affected by the strengthening of the Norwegian krone against the euro
and the US dollar.
Order intake increased to NOK 348 million, compared with NOK 170 million in the
first quarter of 2025. The increase was mainly driven by two equipment-delivery
contracts for new solids treatment hubs in the UK. Order backlog ended the
quarter at NOK 1,190 million, on par with the level recorded one year earlier,
despite a negative impact from exchange rate movements.
Dividends
The Annual General Meeting has approved a two-step dividend distribution. A
first dividend of NOK 0.30 per share will be paid in May. In addition, the
General Meeting has authorised the Board of Directors to declare additional
dividends based on the 2025 result, subject to an assessment of financial
position and investment needs.
Such an approach provides flexibility in capital allocation, balancing
shareholder distributions with prudent liquidity management and investment and
growth capacity.
Webcast
Cambi will host a webcast tomorrow, 12 May, at 10:00 am CEST to present the
results for the first quarter of 2026. The live broadcast will be available at
investors.cambi.com/events.
Questions may be submitted in advance to investors@cambi.com or during the
webcast by scanning the QR code displayed on screen. Received questions will be
addressed in a Q&A session following the presentation. A recording of the
webcast and a transcript will be made available on Cambi's website after the
event.
The report is published alongside an Excel file containing the financial
statements and supplementary historical data for the two business segments:
order intake and backlog. Both documents are available at Cambi's investor
website at https://investors.cambi.com/results-and-reports. The report is also
available via NewsWeb at https://newsweb.oslobors.no/.
For more information, please contact:
- Per Lillebø, CEO, +47 918 88 365, per.lillebo@cambi.com
- Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com
This information is published in accordance with Cambi ASA's continuing
obligations as a listed company set out in the Norwegian Securities Trading Act
section 5-12.
About Cambi
Cambi is a global supplier of biogas technology and solutions for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
maintained market leadership through continuous innovation and a robust
portfolio of proven, patented technologies. With strong project delivery and
customer support capabilities, the company has delivered more than 100
well-performing installations in 28 countries on six continents.
Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
both new and existing anaerobic digestion sites and compatible with all
biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is robust to regulatory
changes and meets all legal requirements for sludge and waste treatment.
Cambi is listed on Euronext Growth Oslo, a multilateral trading facility in
Euronext, Europe's largest stock exchange platform. Find out more at cambi.com.