Cegal reports strong 2025 performance with 30% international growth as demand for AI ready data accelerates

Helping energy companies modernize operations through structured data, cloud platforms, and domain-driven AI expertise.

Cegal delivered a solid financial performance in 2025, reporting 30% growth in international markets and an 8% increase in total revenue to $184.4 million. EBITDA reached $37.9 million, reflecting a 21% margin, and the company closed the year with a $295.3 million order backlog, reinforcing its position as a strategic technology partner for the global energy sector.

“Our ambition for 2025 was to strengthen our performance across the board, and I’m pleased to see clear progress in revenue, profitability, orders, and customer and employee satisfaction,” adds Dagfinn Ringås, CEO of Cegal.

Supporting the energy sector’s transition to AI-driven operations

As energy companies accelerate their adoption of AI, the need for structured, accessible, and domain-rich data has become critical. Cegal’s combined industry software, deep energy expertise, AI capabilities, and data expertise enable organisations to structure and prepare their data.

"Business value truly accelerates when you combine generic AI technology with deep domain expertise,” Ringås added. This is where Cegal stands out – bringing data, applications, and infrastructure together in the cloud to help customers translate data and technology into measurable business value, resulting in significant IT cost reductions.

Continued global expansion

2025 marked Cegal’s 25th anniversary - a year also defined by a significant strengthening of its global footprint. The company expanded its presence across the UK, USA, Southeast Asia, and Australia, securing new contracts and deepening existing relationships with customers including Petronas, Equinor, Origin Energy, Harbour Energy, Interwell, and Å Energi.

Ringås continues, "2025 was the year our new strategy truly took hold. Cegal has entered 2026 with continued strong demand for its expertise in AI, cloud platforms, data management, and analytics, supported by increased efficiency gains and reduced IT costs for several major customers.”

Financial Highlights 2025* 

• Revenue in 2025 reached $184.4 million, up 8% from 2024 ($170.5 million).
• International Revenue (outside Norway) grew by 30% year-on-year.
• EBITDA for 2025 ended at $37.9 million, a 6% growth from the previous year. This represents an EBITDA margin of 21%.
• Order backlog at year-end was $295.3 million, up from $257.4 million at the end of 2024. 

Growth in 2025 spanned all business areas

• Cloud & Services: Grew by 7%, driven by upsells to existing customers and high utilisation rates.
• Software: Grew by 9%, with particularly strong performance in the Geoscience portfolio and hydrocarbon accounting solutions.
• Third-party resell: 42% growth in sales as a leading partner for Microsoft, Oracle, Nasuni, and Qumulo.