Borgestad ASA – Interim financial report for first quarter 2025

22 May 2025 07:00 CEST

- First quarter’25, Borgestad Group delivered a result before tax of MNOK -23.0,
due to low season in Höganäs Borgestad. Borgestad Group has over the last twelve
months delivered a profit before tax of MNOK 64.9.

- Agora Bytom continued its positive momentum, posting an EBITDA of MNOK 10.3 in
Q1’25, an improvement from MNOK 9.5 in Q1’24.

- Höganäs Borgestad delivered a weaker quarter compared to the same period last
year, reporting revenues of MNOK 186 and a EBITDA of MNOK -8.5 for Q1’25
respectively MNOK 203.9 and MNOK 3.3 in Q1’24.

- Höganäs Borgestad has a healthy order backlog and prospects for the remaining
year as of March 31, 2025

Borgestad ASA's report for the first quarter of 2025 is attached hereto.

The contact person is Pål Feen Larsen, CEO Borgestad ASA, +47 488 45 333

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This information is subject to disclosure requirements pursuant to the
Securities Trading Act §5-12.


About Borgestad| www.borgestad.no
Borgestad ASA (OSE:BOR) is an investment company focused on real estate and
industry. The key investments include Agora Bytom shopping center and the
leading refractory manufacturer Höganäs Borgestad.

About Höganäs Borgestad | www.hoganasborgestad.com
Höganäs Borgestad develops, manufactures and delivers refractory products,
installations and turnkey solutions that enhance the productivity and
competitiveness of industrial customers. The aim is to contribute to the
customers' profitability by providing high-value refractory solutions to their
challenges. Today, the company is a leading supplier in the refractory market of
the Nordic countries and has a global presence in a number of selected
application areas.

More information:
Access the news on Oslo Bors NewsWeb site

647112_Borgestad Q1 2025 BOR.pdf
647112_Borgestad_Q1'25 Company presentation vF.pdf