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Cambi Posts Moderate 2025 Growth but Flags Weaker 2026 as Investments Weigh on Profit

Story Highlights
  • Cambi delivered stable Q4 revenue and modest 2025 growth, but EBITDA fell as investments, revenue mix and FX effects compressed margins.
  • Stronger 2025 order intake and a NOK 1,020 million backlog support 2026 activity, while a staged dividend balances returns with growth needs.
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Cambi Posts Moderate 2025 Growth but Flags Weaker 2026 as Investments Weigh on Profit

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Cambi ASA ( (DE:3W7) ) has provided an announcement.

Cambi reported stable fourth-quarter revenue and moderate full-year 2025 growth, with operating income rising to NOK 1,068 million but EBITDA declining to NOK 159 million as profitability was pressured by a more diverse revenue mix, market development investments, and currency effects. Order intake increased to NOK 856 million in 2025, and an order backlog of NOK 1,020 million underpins 2026 activity, though management warns of a weaker financial result next year due to delayed contract awards, while the board plans a two-step dividend to balance shareholder returns with liquidity and growth needs.

Fourth-quarter revenue was supported by progress on construction contracts and milestone-based invoicing, with operating cash flow benefiting from customer payments despite seasonal profit pressure in the Solutions segment. A growing share of backlog outside Cambi’s core thermal hydrolysis scope points to a broader business platform and expanding recurring and customer service activities, aligning with the company’s strategic focus on disciplined growth and operational efficiency.

More about Cambi ASA

Cambi ASA is a global biogas technology and solutions supplier serving wastewater treatment plants and anaerobic digestion facilities. Founded in 1992, the company leads the market in thermal hydrolysis processes that boost renewable energy output, cut operating costs, and reduce greenhouse gas emissions, and it is listed on Euronext Growth Oslo.

Average Trading Volume: 34,318

Current Market Cap: NOK2.94B

See more insights into 3W7 stock on TipRanks’ Stock Analysis page.

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