Integrated Wind Solutions (IWS) reported record revenue for the first quarter of 2026, driven by strong performance from its vessel fleet business and continued growth in its offshore wind services activities.
Revenue reached EUR 34.4 million in the quarter, up 37% from the same period in 2025 and 21% higher than the previous quarter. EBITDA increased 92% year-on-year to EUR 10.1 million, while net profit rose 44% to EUR 4.9 million.
The company's board declared a second consecutive quarterly cash dividend of NOK 1.00 per share. The dividend is scheduled to be paid on or around 10 June 2026 to shareholders on record as of 29 May, with an ex-dividend date of 1 June.
IWS Fleet generated revenue of EUR 23.4 million during the quarter. All six vessels were operational and achieved commercial utilisation of 95%, despite vessel transitions between charter contracts.
In its services division, IWS completed the merger of subsidiary ProCon with Hyndla, creating an integrated offshore wind supply chain business. The merged company secured new contracts worth more than EUR 20 million during the quarter, more than doubling its order backlog compared with the end of the fourth quarter of 2025.
