Norway · Delayed Price · Currency is NOK Scatec ASA Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong operational and financial performance, highlighted by the early and under-budget completion of the Obelisk project and robust D&C margins. The company is positioned to double generation capacity and quintuple battery storage in 2–3 years, supported by a record backlog and improved liquidity.
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Strong Q1 2026 results with NOK 1.6B revenues and NOK 774M EBITDA, driven by project execution and a record growth portfolio. Liquidity improved to NOK 6.1B, while FX and operational uncertainties in the Philippines and Ukraine impact guidance.
Fiscal Year 2025
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Strong revenue growth and record backlog were driven by high D&C activity and robust demand for renewables. Financial discipline led to significant deleveraging and a strong liquidity position. Outlook for 2026 includes continued high construction activity, new project contributions, and further balance sheet strengthening.
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Strong quarterly results with 22% revenue growth, robust EBITDA, and record backlog. Strategic focus on self-funded growth, debt reduction, and expanding renewables portfolio, with increased growth targets and significant progress in battery and hybrid projects.
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Strong year-over-year growth in revenues and EBITDA was driven by higher power production, especially in the Philippines, and robust D&C activity. The project backlog reached a record 3.2 GW, with significant progress on debt reduction and asset sales supporting a solid outlook for continued growth.
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Record financial results driven by strong power production, portfolio optimization, and high construction activity. Liquidity and debt profile improved, with significant growth in the Philippines and new projects in key markets. Guidance for 2025 remains robust.
Fiscal Year 2024
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Q4 saw strong financial results with proportionate revenues up 70% year-over-year and EBITDA at NOK 1.4 billion. Backlog and projects under construction rose 73% to 2.7 GW, and net corporate debt was reduced by NOK 1 billion. 2025 guidance anticipates continued growth and robust margins.
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Q3 saw robust financials with NOK 2.4B revenues and NOK 1.5B EBITDA, driven by asset sales and strong operations in core markets. Guidance was raised, D&C margins improved, and significant growth projects were secured, with a focus on deleveraging and portfolio optimization.
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Strong Q2 results with NOK 1.5 billion in revenue and NOK 951 million EBITDA, driven by increased power production and key project milestones. Portfolio optimization and divestments support growth and deleveraging, while guidance for margins and production remains steady.