BYGGMA ASA - INTERIM REPORT Q1 2026

Byggma Group:
The Group's sales revenues in Q1 2026 amounted to NOK 652.5 million which is a
NOK 16.5 million (2.6%) increase from Q1 2025.  

The EBITDA in Q1 was  77.0 million in 2026, compared to  77.4 million in
2025.  

The adjusted operating profit in Q1 2026 was NOK  55.2  million compared
to NOK  55.4 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 9 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 associate was NOK 68.8 million in
Q1 2026. See Norske Skog ASA's latest quarterly report and annual accounts
for more information. 

 

The Group achieved an adjusted profit before tax in Q1 2026 of NOK  33.6
million, compared to NOK  30.6  million last year.  

 

Q1 2026 net financials amounted to an expense of NOK 21.6 million which
is NOK 3.1 million decrease in cost compared to the same period in 2025. The
main reasons for the decrease in net financial expenses are increased interest
rates, and changes in the value of interest rate swaps. Please see note 3 for
specification of net financials. 

 

The liquidity reserve as of 31 March 2026 amounted to NOK 99.6 million, an
increase of NOK 16.1 million from 1 January 2026. The Board of Directors will
maintain its focus on capital and cost-efficiency. 

 

Net interest-bearing debt are decreased from NOK 1,253.8 million as of 1
January 2026 to NOK 1,221.8 million as of 31 March 2026. As of the first
quarter of 2026, there were acquired loans of NOK 2.0 million.  

Investments in tangible fixed assets and intangible assets in Q1 2026
totaled NOK 16.1 million which is NOK 24.2 million lower than in 2025.  

 

Total assets increased from NOK 2,916.6 million as at 1 January 2026 to NOK
2,950.3 million as at 31 March 2026. Booked equity as of 31 March 2026 was
NOK 1,093.3 million (37.1 %), which is a increase of NOK 69.8 million
compared to 1 January 2026 (35.1 %). The reasons for the change in equity
are due to the profit of the year of NOK 114.8 million, a currency translation
difference of NOK 7.7 million and share of other comprehensive income from
associate of NOK -46.6 million.
re of other comprehensive income from\
associate of NOK -46.6 million.\