BEWI - Annual report 2025: Solid performance in 2025 - positioned for growth and profitability improvements

26 Mar 2026 12:14 CET

· Executing on strategic priorities, strengthening BEWI's competitive position
· Sharpened portfolio and strengthened financial platform, through completion
of key transactions and refinancing
· Continued progress in circular solutions, confirming leading market position
· Sales growth and improved profitability, driven by operational improvements,
volume growth for all segments, and a strong performance by Packaging &
Components

BEWI ASA today published its integrated annual report for 2025, highlighting
solid operational performance, improved profitability and continued progress on
strategic priorities.

"Leaving 2025, we are pleased with how BEWI has executed on its strategy in a
year characterised by increased geopolitical uncertainty and continued
challenging market conditions for the building and construction industry," says
Christian Bekken, CEO of BEWI ASA. "Through strong operational management and
investments in people, innovation and strategic projects, we have strengthened
our competitive position and prepared the company for profitable growth."

In 2025, BEWI reported net sales of 796 million euro, an increase of 3 per cent
compared with 2024. Adjusted EBITDA increased to 81 million euro, up 12 per cent
year-on-year, driven by higher volumes, operational efficiencies, and improved
margins, particularly within Packaging & Components. The group completed several
strategic transactions, sharpening its focus and strengthening the financial
platform.

BEWI also continued to strengthen its circular business model, by increasing the
collection of used EPS and further raising the share of recycled and non-fossil
raw materials in its products. The company made progress on its climate targets,
with reduced scope 1 and 2 emissions, mainly through increased use of renewable
energy, and lower scope 3 intensity through its increased use of recycled
feedstock.

"We support regulatory initiatives aimed at improving resource efficiency
through circularity, and see these developments as further reinforcing the
relevance of our business model. No other player combines access to recycled
materials, innovation capabilities and end-to--end operational expertise in the
way BEWI does," Bekken ends.

With a truly circular business model, strong organisation and solid financial
platform, BEWI is well positioned to pursue further profitability improvements
and capitalise on attractive growth opportunities going forward.

The annual report includes the remuneration report in accordance with section 6
-16b of the Norwegian Public Limited Liabilities Companies Act and has been
prepared in accordance with the Corporate Sustainability Reporting Directive
(CSRD), and the European Sustainability Reporting Standard (ESRS). The report
has been approved by the board of directors and is available at www.bewi.com.

For further information, please contact:

Charlotte Knudsen, Chief Communications and IR Officer BEWI ASA, tel: +47 9756
1959

About BEWI ASA

BEWI is an international provider of packaging, components, and insulation
solutions. The company's commitment to sustainability is integrated throughout
the value chain, from production of raw materials and end goods, to recycling of
used products. With a vision to protect people and goods for a better every day,
BEWI is leading the change towards a circular economy.

BEWI ASA is listed at the Oslo Børs under ticker BEWI.

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

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669416_BEWI_annual_report_2025_ESEF.zip
669416_BEWI_Annual_report_2025.pdf