Saga Pure: Third quarter 2024 financial results

06 Nov 2024 07:30 CET

(Oslo, 6 November 2024) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss
in the third quarter 2024 of NOK 15 million, giving a return on equity of 1.5
percent year to date.  Saga Pure is, with no interest-bearing debt and a
substantial cash holding, well positioned to pursue new investment opportunities
going forward.  Saga Pure continues to invest in line with the broadened
mandate, but with a focus on capital discipline, cautious investment approach
and selective investments.

For the third quarter 2024, Saga Pure reported a net loss of NOK 15 million. In
the third quarter, the Company had a loss on short term investments of NOK 18.1
million. The sale of the shares in Heimdall Power was completed, however, the
transaction had no effect on the profit and loss for the quarter. At end of
third quarter, Saga Pure had short term investments valued at NOK 82.9 million,
a decrease from 304.3 million at end of second quarter.

Saga Pure had a net gain on financial items of NOK 5.6 million as a result of
interest income from loans, bonds and bank deposits. Third quarter of 2024 ended
with a return on equity of 1.5 percent year to date with NOK 765 million in cash
and no debt.

The Board of Directors' report is enclosed.

ENDS

For additional information, please contact:

Espen Lundaas, CEO, +47 924 31 417

Tore Jakob Berg, CFO, +47 934 80 202

About Saga Pure | www.sagapure.com

Saga Pure ASA is an investment company with a broad investment mandate.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Espen Lundaas, CEO, Saga Pure ASA, on 6 November
2024 at 07:30 CET.

More information:
Access the news on Oslo Bors NewsWeb site

631338_SAGA_OSE_Notification_Q3_2024.pdf
631338_SAGA_Q3_24_report.pdf