Norwegian aquaculture firm AKVA Group released a trading update for the second quarter ended June 30, 2026, reporting revenue of NOK1.2 billion ($122.9 million).
This represented a two per cent increase compared to the NOK1.17 billion recorded during the same period in the previous year.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 23 per cent to NOK179 million, up from NOK145 million in the second quarter of 2025.
Operating profit or EBIT increased 25 per cent to NOK111 million, which the company attributed to economies of scale, a favourable product mix in its sea based segment, and project execution in its land based segment.
The EBITDA and EBIT margins reached 15 per cent and 9.4 per cent, respectively. The land based segment accounted for NOK326 million of the total revenue during the quarter.
Order intake for the quarter grew 28 per cent to NOK1.3 billion, lifting the total order backlog to NOK3 billion as of June 30. AKVA stated that 46 per cent of this backlog is linked to the land based segment.
The company stated that its ongoing strategic review is expected to conclude during the fall. The final financial reports for the second quarter are scheduled for publication on August 14.