Introduction from the CEO

Our strategic vision remains unchanged: To strengthen our customers’ competitiveness through reliable systems and services that minimise life‑cycle costs, deliver world‑class operational performance, and support the transition toward low‑ and zero‑emission maritime operations.

The geopolitical climate is highly unstable with ongoing wars in multiple regions, increasing geopolitical fragmentation, shifting trade patterns, and accelerated climate risks. ESG strategies are now shaped by a landscape where energy security, affordability and climate measures compete for priority, while the physical impacts of climate change intensify globally. For the maritime sector decarbonisation pathways are becoming more complex, requiring clearer regulation, long-term planning, and strategic investments in alternative fuels and infrastructure.

In this environment, our core values: Reliable, Committed and Responsible – are more important than ever. These guide every decision we make. Living our values means “walking the talk”: aligning our actions with what we communicate, building a strong culture where every employee contributes to our vision, and maintaining a longterm perspective as a 114-year-old family-owned industrial group.

Some examples for 2025:

• We continued to invest to ensure world-class manufacturing with a minimal footprint from our integrated value chain. For the upcoming years our strategy is to invest significantly in a historical perspective for the group.
• We have committed to the Science Based Targets initiative (SBTi) and during 2025 we completed a double-materiality analysis.
• Our people are by far our most important asset. Attracting, developing, and retaining top talent is at the core of our corporate strategy. By year-end, we reached a record-high number of apprentices and number of employees in total.

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The regulatory landscape continues to evolve rapidly. The EU’s updated CSRD and Omnibus simplification package will reduce reporting burdens while sharpening expectations for due diligence and supply-chain transparency. Even with expected simplifications, ESG remains central to how Brunvoll operates. Our long-term ambition is to contribute meaningfully to the green maritime transition.

Looking ahead, the outlook for our markets remains positive, both within renewable and traditional maritime segments. The global energy transition is advancing unevenly, but new technologies, regulatory clarity, and shifting stakeholder expectations are creating opportunities for companies capable of innovation and delivery.

As always, our perspective is long-term. Building a sustainable business means continuous improvement in every part of our organisation – from R&D and operations to governance and culture.
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‍Thank you to all our stakeholders for your continued trust and long-term commitment.