Scana ASA: Fourth quarter results 2025 – Solid margins and strengthened operations

Bergen, 19 February 2026: Scana ASA delivered a strong quarter, with EBITDA of NOK 70 million and order intake of NOK 392 million. The positive development continued, driven by high offshore margins and structural measures implemented across the group, contributing to improved operating performance and efficiency.

Q4 2025 Financial Highlights:

• Revenue NOK 450 million • EBITDA NOK 70 million • EBITDA margin 16 % • Order intake NOK 392 million • Order backlog NOK 1,188 million

The Offshore division delivered strong performance in the quarter, supported by several projects completed by Seasystems with solid margins. High activity at Mongstad, particularly related to the production shutdown at Equinor’s refinery, contributed positively to utilization and efficiency, while the cost base is now aligned with current market conditions following completed structural measures.

During the quarter, the Energy division achieved a commercial breakthrough within Battery-Integrated Megawatt Charging System. The division has aligned its organization and cost level with current market conditions. Events after quarter-end in the form of contract award (stock exchange notice 02.02.2026, 11:57 CET) are expected to strengthen the order backlog and position the division for higher activity.

Q4 Presentation Scana’s Q4 2025 results will be presented today at 10:00 CET by CEO Baste Tveito and CFO Morten Riiser, followed by a live Q&A session.

The webcast presentation can be viewed at this link: https://investorcast.live/webcastdetail?id=698996717cb86f4c3d972ec2

The presentation will be available for replay shortly afterward on Scana's website, www.scana.no.

This information is considered to be 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. This stock exchange announcement was published by Stian Vikebø, General Counsel at Scana ASA, on 19 February 2026 at 08:00 CET.

For more information, please contact:

Baste Tveito, CEO, Scana ASA, +47 916 69 641

Scana in brief Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history dating back to the early 1900s, Scana has evolved to become a leader in technology and innovation. This journey has provided a unique position to shape solutions for tomorrow, driven by extensive industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has around 500 employees. www.scana.no