AF Gruppen reported its best quarter ever with NOK 653 million in pre-tax earnings on NOK 9.25 billion revenue, marking a 7.1% profit margin. The Oslo-based construction firm proposed raising its dividend by 30% to NOK 6.50 per share, reflecting improved financial performance and shareholder returns.

Full-year earnings before tax reached NOK 1.65 billion on revenue of NOK 31.99 billion, with operating cash flow improving to NOK 3.04 billion. The company shifted its balance sheet to net interest-bearing receivables of NOK 1.27 billion, strengthening its financial position for future projects and acquisitions.

The Energy division reported 48% revenue growth due to the AF Elkraft acquisition, while Civil Engineering delivered strong results with 12% revenue growth. Despite an NOK 100 million loss at AF Offshore Decom, the company maintained a robust order backlog of NOK 44.72 billion, securing future revenue streams.