BYGGMA ASA - INTERIM REPORT Q2 2025

27 Aug 2025 08:30 CEST

The Group’s sales revenues in Q2 2025 amounted to NOK ​592.4​ million which is a
NOK ​44.1​ million (​8.1 %​) increase from Q2 2024. Total sales revenues YTD are
at NOK ​1,228.4​ million compared to NOK ​1,089.9​ million YTD last year, which
is an increase of NOK ​138.5​ million (​12.7 %​)



The EBITDA in Q2 was ​ 39.6 ​million in 2024, compared to ​ 43.8 ​million in
2023.



The adjusted operating profit in ​Q2​ ​2025​ was NOK ​ 17.6 ​ million compared
to NOK ​ 21.5 ​million in the same period last year. The operating profit
contains non-recurring items, please see reconciliation of adjusted operating
profit in Alternative Performance Measures after the notes to the interim
report.



From the 9th of March 2023 the investment in Norske Skog ASA is classified as an
investment in associate and is accounted for using the equity method in
accordance with IAS 28. Share of profit from associates was NOK ​98.6​ million
pr ​Q2​ ​2025​. See Norske Skog ASA's latest quarterly report and annual
accounts for more information.



The Group achieved an adjusted profit before tax pr. ​Q2​ ​2025​ of NOK 23,5
million, compared to NOK 18.3 million last year.



​​Q2​ ​2025​, net financials amounted to an expense of NOK ​49.5​ million which
is NOK ​7.1​ million increase in cost compared to the same period in ​2024​. The
main reasons for the increase in net financial expenses are increased overdraft,
and changes in the value of interest rate swaps. Please see note 3 for
specification of net financials.



The liquidity reserve as of 30 June ​2025​ amounted to NOK 62.9 million, a
reduction of NOK 59.1 million from 1 January ​2025​. The Board of Directors will
maintain its focus on capital and cost-efficiency.



Net interest-bearing debt has increased from NOK ​1,365.8​ million as of 1
January ​2025​ to NOK ​1,439.9​ million as of 30 June ​2025​. As of the second
quarter of 2025, loans were acquired of NOK 11.6 million. 

Investments in tangible fixed assets and intangible assets as of ​Q2​ ​2025​
totaled NOK ​57.8​ million which is NOK 44.2 million higher than first half of
​2024​.



Total assets increased from NOK ​2,911.8​ million as at 1 January ​2025​ to NOK
​3,111.3​ million as at 30 June ​2025​. Booked equity as of 30 June ​2025​ was
NOK ​1,034.5​ million (​33.2 %​), which is an increase of NOK 121.9 million
compared to 1 January ​2025​ (​31.3 %​). The reasons for the change in equity
are due to the profit of the year of NOK ​116.9​ million, a currency translation
difference of NOK 2.2 million and share of other comprehensive income from
associate of NOK ​2.9​ million.

More information:
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653939_BYGGMA ASA - Interim Report Q2 2025.pdf