Financials and investor relations
Take a look at our financial reports and key figures.
Turning data into impact for the energy industry
We have delivered steady EBITDA growth since our incorporation, and here are some details about facts and numbers.
Cegal owns and sells proprietary software solutions designed to improve, automate, and accelerate workflows within renewable energy, geology, geophysics, reservoir engineering, subsurface data management, and related data-intensive domains. The software portfolio consists of both standalone products and solutions that complement the Cloud and Services offerings, while remaining commercially and operationally distinct. In 2025, Software represented 15% of the Group’s revenues, unchanged from 15% in 2024.
Cegal´s offering combines cloud-based IT infrastructure, managed services, and highly specialized consulting into one integrated customer proposition. The offering enables customers to operate secure, scalable, and high-performance IT environments while leveraging deep domain expertise across the broader energy sector and other selected industries. In 2025, Cloud & Services represented 80% of the Group’s revenues compared to 81% in 2024.
Cegal sells third-party hardware, software licenses, and related products to support customer deliveries across Cloud & Services and Software. These resales are ancillary to the Group’s core offerings and are primarily driven by customer demand for integrated solutions. In 2025, third-party resale represented 5% of the Group’s revenues compared to 4% in 2024.
Financial Reports and presentations
Quarterly Reports
Presentations and other information
2021
2020
Sustainability Reports
Sustainability Reports
“In an AI‑driven world, the real power lies in combining deep domain expertise, purpose‑built software and proprietary data. When domain‑specific AI is added, it creates a defensible moat and accelerates business value far beyond what generic AI can deliver.”Dagfinn Ringas CEO
Ownership
Cegal is owned by the private equity firm Norvestor, the founders of the company, and employees. Norvestor SPV I Holding AS with funds managed by the private equity team of DWS and Argentum acting as cornerstone investors owns 74.2% of Cegal.