Goodtech ASA: Q1 2026 report

Goodtech ASA delivered a solid first quarter of 2026, marked by continued improvement in profitability and stable activity levels across a diversified project portfolio. EBITA increased by 54% year-over-year, supported by strong project execution, higher utilization, and disciplined cost management. The company maintains a robust capital structure and remains well positioned for continued profitable growth.

Highlights Q1 2026

* Net operating revenue after external project costs increased to NOK 141.4 million (NOK 136.8 million), representing 3% organic growth. * EBITDA rose to NOK 20.3 million (NOK 15.2 million), with an EBITDA margin of 14.4% (11.1%). * EBITA increased to NOK 14.8 million (NOK 9.6 million), up 54% year-over-year, with an EBITA margin of 10.5% (7.0%). * Order intake amounted to NOK 148 million (NOK 177 million), and order backlog stood at NOK 312 million (NOK 340 million). * The group had 309 employees at the end of the quarter (307). * Equity ratio strengthened to 57%, and cash and cash equivalents amounted to NOK 110.8 million as of 31 March 2026. * The group held no interest-bearing debt at quarter-end and continues to have a strong liquidity position.

CEO Margrethe Hauge comments:

"We delivered a strong start to 2026, with solid margin expansion and good execution across our project portfolio. Continued focus on operational excellence, higher utilization, and disciplined project selection is yielding clear results. While larger procurement-heavy projects are characterized by longer decision cycles, activity levels are holding up well and our diversified industry exposure provides resilience going forward."

The quarterly report for Q1 2026 is attached to this press release.

See also the company's results for Q1 2026 in our webcast - https://youtu.be/X7nVEzXQxX8

For more information, please contact CEO Margrethe Hauge or CFO Anders Engelsen:

Margrethe Hauge CEO, Goodtech ASA Mobile: +47 95 79 69 20 Email: margrethe.hauge@goodtech.no

Anders Engelsen CFO, Goodtech ASA Mobile: +47 93 20 79 01 Email: anders.engelsen@goodtech.no

This information is subject to disclosure under the Norwegian Securities Trading Act. §5-12.