NOVA delivers solid performance in 2025

Nova Consulting Group strengthens profitability in a challenging market

Nova Consulting Group (NOVA) delivered a clear improvement in profitability in 2025, despite continued challenging market conditions during parts of the year. The Group’s operating revenues totaled NOK 946 million, an increase of 3.5 percent compared with the previous year, while EBITDA improved from NOK 44 million in 2024 to NOK 69 million in 2025.

Improved results driven by stronger discipline and operational performance

“2025 has primarily been a year of strong focus on operations, cost control, and effective capacity utilization. While growth could have been stronger, we are pleased with the significant improvement in profitability. It demonstrates that the measures we have implemented are delivering the intended results, and that NOVA is better positioned and more resilient than a year ago,” says Geir Allan Hove, Group CEO of NOVA.

The improved results are the outcome of targeted initiatives across the Group, including improved workforce management, increased operational discipline, and clearer priorities in a market characterized by uncertainty – particularly in Sweden.

Different market conditions in Norway and Sweden

NOVA currently operates in both Norway and Sweden through a total of ten subsidiaries. Following a challenging market in 2023 and 2024, the Norwegian market gradually stabilized throughout 2025. A substantial backlog in digital transformation across the business sector, combined with increased competition and a growing need for efficiency among customers, contributed to more companies resuming investments in digital services. At the same time, overall investment levels remain below the peak years.

In Sweden, the Group experienced a more challenging market throughout 2025, characterized by cautious customer behavior and restraint related to new and larger investments. This has impacted activity levels and further reinforced the need for disciplined operations and clear prioritization.

Building a position for future growth – with a strong focus on AI

Alongside operational improvements, NOVA has continued its efforts to position the Group for future growth. Artificial intelligence is a key strategic focus area, and throughout 2025 the Group has strengthened both its expertise and delivery capabilities within AI-based services.

“Our specialist environments are experiencing growing demand for services that combine technology, data, and business understanding. AI is not a standalone initiative for us, but is integrated as a natural part of all our existing services – with the goal of creating added value and tangible impact for our clients,” says Hove.

A stronger foundation going forward

NOVA enters 2026 with improved profitability, a solid financial position, and stronger operational control.

“2025 has been about making necessary adjustments and securing a sustainable foundation. With this in place, we are better positioned to pursue selective growth initiatives going forward – both organic growth and strategic moves – when opportunities arise,” Hove concludes