Borgestad ASA: Interim financial report for first quarter 2026

21 May 2026 07:00 CEST

Highlights

• For Q1 2026, Borgestad Group delivered a result before tax of MNOK -28.0,
compared to MNOK -21.6 in 2025.

• Höganäs Borgestad delivered weaker Q1’26 results compared to the corresponding
period in 2025, reporting revenues of MNOK 181.3 and an EBIT of MNOK -18.3,
versus MNOK 186.0 and adjusted MNOK -11.5, respectively, in Q1’25

• Agora Bytom delivered 5 % revenue increase in Q1’26 reporting revenues of MNOK
20.3 compared to MNOK 19.3 in Q1’25. EBITDA increased by MNOK +0.4 to MNOK 10.7
from MNOK 10.3

• Bytom achieved during Q1’26 a BREEAM in Use certificate, based on its solid
standard of environmental performance, energy efficiency and sustainable
building management.

Borgestad ASA's report for the first quarter of 2026 is attached hereto.

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:
Access the news on Oslo Bors NewsWeb site

674052_Borgestad ASA Q1 2026 BOR.pdf
674052_Borgestad ASA Q1'26 Company presentation.pdf