Highlights from Q4 and 12 months 2024
- Total revenue for Q4 2024 was NOK 26.4 million, compared to NOK 29.1 million in Q4 2023. 2024 12M revenue totals NOK 108.1 million (12M 2023: NOK 119.7 million).
- EBITDA for the quarter came in at NOK 2.7 million (Q4 2023: NOK 1.9 million), with a profit before tax of NOK 5.1 million. 12M 2024 EBITDA stands at NOK 5.3 million (12M 2023: NOK 22.1 million), and profit before tax at NOK 5.5 million (12M 2023: NOK 22.2 million).
- Operating expenses for Q4 were NOK 23.8 million, with NOK 1.5 million attributed to the implementation of a new ERP system. Total operating expenses for the 12M 2024 months reached NOK 102.9 million.
- ArcticZymes ended Q4 with a robust cash position of NOK 170 million, alongside an additional NOK 72 million in low-risk interest rate funds.
CEO Michael B. Akoh comments:
"In Q4, we made significant strides in strengthening our commercial capabilities and laying the foundation for long-term growth. While revenues reflect a transition period, our EBITDA improvement and quarter on quarter revenue growth highlights progress. With a strengthened commercial team, new product launches, and strategic partnerships ahead, we are well-positioned to support the evolving needs of our customers. 2025 will be a year of execution, focusing on customer-centric innovation and commercial transformation to drive sustainable growth.
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To access the Q4 presentation click here.
To access the Q4 webcast click here.
