Arendals Fossekompani: Annual Report for 2025
(Arendal, April 20, 2025) Today, Arendals Fossekompani published its Annual Report, which includes the Corporate Governance Report. Also published is the Remuneration Report for 2025.
Consolidated revenue for Arendals Fossekompani Group amounted to NOK 3,711 million. Operating profit (EBIT) was NOK -19 million, corresponding to an operating margin of -1%.
The Group financial results of 2025 were impacted by strategic measures implemented during the year. Measures included the divestment of the majority of ENRX's Charge business and recognised impairments on several startup engagements. These measures resulted in impairments and provisions totalling NOK 250 million, impacting the consolidated financials of Arendals Fossekompani in 2025. In addition, lower operating performance in the ENRX Heat division contributed to the overall result.
In Q4, Tekna completed a fully underwritten rights issue of NOK 300 million. The rights issue was fully guaranteed by Arendals Fossekompani. The transaction included the conversion of Arendals Fossekompani's shareholder loan to Tekna, thereby resetting Tekna's balance sheet and increasing Arendals Fossekompani's shareholding in Tekna from 69.5% to 72.4%.
On 12 February 2026, TA Associates entered as a new strategic investment partner in Volue. The transaction will further strengthen Volue's momentum and supports Volue's ongoing execution of its strategy to become a global leader in electrification technology. As part of the transaction, Arendals Fossekompani will receive cash proceeds of approximately EUR 38 million. The final amount is subject to closing adjustments. Completion of the transaction is subject to regulatory approvals.
"We end the year in a strong position with NOK 2.8 billion in available liquidity and an equity ratio of 85% in the parent company, and a more focused and resilient portfolio. The one-off items that burdened 2025 are behind us. Our stance is solid, and we remain focused on growth and robustness in all our businesses," says Benjamin Golding, Chief Executive Officer at Arendals Fossekompani.
In the Q4 financial statements, reported EBIT for Arendals Fossekompani Group in 2025 was NOK 32 million. After the close of the quarter, additional impairments of NOK 51 million were recognised in ENRX and Alytic, resulting in consolidated EBIT for the financial year 2025 of NOK -19 million.
The Annual Report is attached as a PDF file. All reports are published on the company's website: https://arendalsfossekompani.no/en/investor-relations/reports-and-presentations
ENDS
For inquiries or additional comments, please contact: Hanne Watts, VP Communications & Sustainability: +47 974 04 496
About Arendals Fossekompani | www.arendalsfossekompani.no/en
Arendals Fossekompani is a long-term industrial investment company. We are active owners and developers of companies enabling the energy transition and next generation industrial technologies. Established in 1896, we have been a proud producer of renewable hydropower for more than 100 years. Arendals Fossekompani is headquartered in Arendal and has been listed at the Oslo Stock Exchange since 1913.
This information is considered 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.