ScaleAQ delivered a record-strong performance in 2025, with operating revenues of NOK 4.5 billion and EBITDA approaching NOK 600 million.
The growth was driven by strong demand across all product segments, with particularly high demand for subsea solutions and robust activity in vessels and feed technology.
“We are leaving behind a year defined by delivery, direction, and dedication. The results are significantly above our targets and confirm that the strategy we launched in 2024 is working in practice,” says CFO Svein Vestermo.
Total revenue reached close to NOK 4.5 billion in 2025, representing a 20% increase compared to 2024. However, the numbers only tell part of the story.
“The most important driver of our success is the people across the entire group. In 2025, we surpassed 1,000 employees globally. Interest in joining our team has never been stronger,” Vestermo adds.
The group reported an operating profit of NOK 412 million in 2025, up from NOK 254 million in 2024. The improvement reflects stronger performance across both segments—farming technology and vessels—driven by higher revenues and improved margins through a stronger product mix.
Svein Vestermo is CFO in ScaleAQ
“Our results reflect close collaboration with demanding and highly engaged customers, combined with the dedication, competence, and efforts of our employees. The momentum we have built provides a solid foundation for continued positive development in 2025 and the years ahead,” says Vestermo.
The Board of ScaleAQ notes that global demand for healthy protein with a low environmental footprint is expected to remain strong in the long term. This trend is expected to support continued growth in the aquaculture industry in general, and fish farming in particular—provided that key challenges related to fish welfare, biological performance, and sustainability are addressed.
The Board believes ScaleAQ is strategically well positioned to develop the technological solutions needed to meet these challenges.
At the same time, lower salmon prices and various external factors contributed to reduced profitability for fish farmers in 2025 compared to previous years. In addition, geopolitical tensions, rising oil prices, and higher raw material costs are dampening short-term growth prospects.
The full impact of these developments on the group remains too early to determine.
Further Information:
Svein Vestermo, CFO
+47 926 85 834
Øyvind A. Haram, Head of Communication
+47 908 81 591