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Endúr hits record Q4 earnings as backlog and cash strengthen growth outlook

Story Highlights
  • Endúr posted record Q4 2025 revenue and EBITA, improved margins and a proposed dividend, supported by strong cash flow and net financial assets.
  • Infrastructure remained the key profit driver while Aquaculture turned profitable, and robust backlog plus favourable Nordic investment trends support Endúr’s growth outlook.
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Endúr hits record Q4 earnings as backlog and cash strengthen growth outlook

Meet Samuel – Your Personal Investing Prophet

The latest announcement is out from Endur ASA ( (DE:4ZT0) ).

Endúr ASA reported a strong fourth quarter of 2025, breaking NOK 2 billion in quarterly revenue for the first time and posting an all-time high EBITA, as both its Infrastructure and Aquaculture Solutions segments drove double-digit growth and margin improvement. For the full year, the company lifted pro-forma revenue and profitability, ended 2025 with a solid order backlog and net financial assets, and the board proposed a dividend of NOK 0.8 per share, underscoring confidence in cash generation and balance sheet strength.

Infrastructure continued to be the main earnings engine with higher revenue, improved margins and healthy backlog into 2026, while Aquaculture Solutions swung to positive EBITA on key projects such as Salmon Evolution phase 2 and better profitability at Endúr Sjøsterk. Management highlighted high tender activity, supportive public investment plans in Norway and Sweden, rising defence and real estate-related demand, and growing land-based aquaculture investments, positioning Endúr for further organic growth and targeted acquisitions in the coming years.

More about Endur ASA

Endúr ASA is a leading Scandinavian contractor headquartered in Lysaker and listed on the Oslo Stock Exchange. The company specializes in critical infrastructure such as bridges, quays, tunnels and dams, operating a decentralized, serial-acquisition model to build scale in fragmented niche markets while preserving subsidiaries’ local expertise and positions.

Average Trading Volume: 107,027

Current Market Cap: NOK5.35B

See more insights into 4ZT0 stock on TipRanks’ Stock Analysis page.

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