Borgestad ASA: Interim financial report for fourth quarter 2025 and NOK 0.5 additional dividend distribution

26 Feb 2026 07:00 CET

Highlights

• For 2025, Borgestad Group delivered an adjusted result before tax of MNOK
50.7, compared to MNOK 82.3 in 2024.
• Höganäs Borgestad delivered in 2025 a stable Q4 compared with the
corresponding period in 2024, reporting revenues of MNOK 228.3 and an adjusted
EBIT of MNOK 4.5, versus MNOK 225.1 and MNOK 4.5, respectively, in Q4’24.
• As of December 31, 2025, Agora Bytom had an occupancy rate of 96.2 percent
based on signed leases, representing an increase of 0.7 percentage points since
September 30 and 1.7 percentage points since December 31, 2024.
• Borgestad ASA will distribute a dividend of NOK 0.50 per share, payable March
6, 2026.

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

Distribution to shareholders
Today, the board of directors of Borgestad ASA has, based on the authorisation
granted by the annual general meeting held on 28 May 2025, resolved to
distribute an additional dividend of NOK 0.50 per share based on the annual
accounts for 2024. The dividend is expected to be paid on or about 6 March 2026.
For Norwegian tax purposes, the distribution shall be in the form of repayment
of paid-in equity.


For further information, please contact:
Pål Feen Larsen, CEO of Borgestad ASA
Tel.: +47 48 84 53 33

This information is subject to the disclosure requirements pursuant to the
Norwegian Securities Trading Act section 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:
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666846_Borgestad Q4 2025 BOR vF.pdf
666846_Borgestad_Q4'25 Company presentation.pdf