icon-casualty

+44 (0)20 7264 3250

Casualty Response

Get emergency support now

Investor News

Filter

7 May 2026

For further information, please contact:

Investors and financial media

Stuart Jackson, Chief Financial Officer, ABL Group ASA
Email: stuart.jackson@abl-group.com

Haakon Brandrud, Director of Strategy and Corporate Development, ABL Group ASA
Email: haakon.brandrud@abl-group.com

Other media enquiries

Endre Johansen, Corporate Communications AS
Telephone: +47 41 61 06 05
Email: endre.johansen@corpcom.no

About ABL Group ASA

ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil and gas sectors. The group has offices in 44 countries worldwide and operates under four main brands: ABL, OWC, Longitude and AGR.

ABL Group ASA: Q1 2026 financial results

7 May 2026 – ABL Group’s 2026 first quarter results

Highlights Q1 2026

  • Revenues of USD 82.4 million (Q4 25: USD 88.7 million)
  • Operating profit of USD 1.6 million (Q4 25: USD 4.2 million operating loss)
  • Adjusted EBIT of USD 3.1 million (Q4 25: USD 3.2 million)
  • Net debt of USD 12.0 million (Q4 25: USD 5.4 million)
  • Proposed semi-annual dividend of NOK 0.45 per share in H1 2026 upheld
Hege Norheim

Hege Norheim, CEO of ABL Group ASA (“ABL Group” or the “Company”) commented:

“ABL Group is on track in building the platform for our 20% ROCE target in 2027. Our first quarter results reflect continued execution of restructuring and efficiency measures, alongside investments in new technologies and processes. While market uncertainty continues to impact timing of client decisions, we remain confident in the medium-term outlook and expect improved performance through 2026 as efficiency measures take effect.

Revenue in Q1 was USD 82.4 million, stable year-on-year but down from the previous quarter, primarily due to seasonally lower activity in North Sea Marine Operations in AGR. We expect improved performance through 2026, supported by new contract awards the addition of a third vessel to the fleet.

Adjusted EBIT was stable at USD 3.1 million, with a margin of 3.7%, supported by early benefits from cost reductions. The ABL segment delivered strong performance, including in the Middle East region despite a challenging environment, but the slow activity in the AGR segment and delayed commencement of Longitude projects held back overall results.

Net debt increased to USD 12.0 million, reflecting expected cash outflows from restructuring provisions and seasonal working capital movements, as well as an interruption to cash collection in the Middle East.

The Board has proposed to rename the parent company to Aqualis ASA to reduce brand complexity and support greater commercial focus at segment level. In addition, the Company is seeking authorisation to explore a potential re-listing to Euronext Growth Oslo, subject to regulatory developments and approval.”

A presentation of the quarterly results will be held today at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after. To watch the webcast, please visit our Reports and Presentations page.

The quarterly earnings release and a corresponding slide presentation is available on www.newsweb.no and on our Reports and Presentations page.