Orkla delivers continued organic growth

14 Jul 2025 07:00 CEST

In the second quarter Orkla's operating revenues rose by 4.7% to NOK 17.7
billion. Organic growth was 3.8%.

In the same period Orkla increased EBIT (adj.) by 5.5% to NOK 1.9 billion
compared to the same period last year. Underlying EBIT (adj.) for the
consolidated portfolio companies (including Orkla ASA) increased by 2.5%.

Profit from associated companies totalled NOK 422 million, primarily related
to Orkla's 42.7% ownership share in Jotun.

Profit before tax ended at NOK 2.1 billion, down 12.6% year over year. This is
primarily due to the sale of Lilleborg in the same quarter last year.

Earnings per share (adj.) for the quarter was NOK 1.56, in line with the
second quarter of 2024.

In June, Orkla India filed a draft red herring prospectus with the Securities
and Exchange Board of India. This marks an important milestone in Orkla
India's pursuit of structural options to unlock value.

"The overall performance of Orkla's portfolio continued to progress towards
our long-term targets. However, the pace was somewhat slower than in previous
periods, with mixed developments across our portfolio companies. Given the
diversity of our portfolio, it is natural that some companies may underperform
in the short term while others outperform. I must draw particular attention to
the strong performances of Orkla Food Ingredients and Orkla India. I am also
impressed by how Orkla Snacks successfully navigated through challenging
market conditions," says Orkla President and CEO Nils K. Selte.

About Orkla
Orkla ASA is a leading industrial investment company within brands and
consumer-oriented businesses. At present, Orkla has 10 portfolio companies.
The company takes a long-term and strategic approach to its investments,
creating value by combining brand expertise with an investment company
mindset. Orkla is listed on the Oslo Stock Exchange and is headquartered in
Oslo, Norway. Orkla had a turnover of approximately NOK 71 billion in 2024.

Orkla ASA
Oslo, 14 July 2025

Ref.:
SVP Investor Relations & Communication
Annie Bersagel
Mobile.: +47 986 03 664
Email: annie.bersagel@orkla.no

VP Financial Communication
Joachim Gresslien
Mobile.: +47 907 25 018
Email: joachim.gresslien@gmail.com

An Excel spreadsheet with key figures may be found at
https://www.orkla.com/investors/

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 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Ole Andreas Steensland Dahl,
Investor Relations Manager at Orkla ASA, on 14 July 2025 at 07:00 CEST.

More information:
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651187_Q2 2025 External Presentation FINAL.pdf
651187_Q2 2025 External Report FINAL.pdf