Soiltech ASA, a technology company specializing in the treatment and recycling of contaminated water and solid waste, reported a robust financial performance for the second quarter of 2025. The company achieved record revenue of NOK 112 million, marking a 61% increase from the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) adjusted reached NOK 26 million, representing an 87% growth year-on-year, with an EBITDA margin of 24%, up from 20% in the same period last year. Profit before tax surged to NOK 12 million, reflecting a 348% increase compared to the previous year. For the first half of 2025, Soiltech reported revenue of NOK 198 million, a 57% increase year-on-year. The EBITDA adjusted for this period was NOK 45 million, up 86% from the previous year, with a profit before tax of NOK 19 million, an increase of 226% year-on-year. The strong quarterly performance was primarily attributed to the commencement of operations on Transocean Barents and Deepsea Bollsta, alongside heightened activity in project-specific onshore waste handling. Soiltech's CEO, Jan Erik Tveteraas, emphasized the scalability of their business model and highlighted the company's ongoing investments in equipment and field personnel, positioning them to capitalize on market opportunities. The strategic focus on expanding the solid waste management business while maintaining a strong presence in fluid treatment has been beneficial for the company's growth trajectory.