Highlights:
- In Q2'25, Borgestad Group delivered an adjusted result before tax of MNOK
20.9.
- Agora Bytom continued its positive momentum, posting an EBITDA of MNOK 12.1 in
Q2'25, up from MNOK 10.7 in Q2'24.
- Höganäs Borgestad delivered a weaker quarter compared to Q2'24, reporting
revenues of MNOK 296.4 and an adjusted1 EBITDA of MNOK 27.5, down from MNOK
318.0 and MNOK 39.8, respectively.
- Höganäs Borgestad acquired 100 percent of Emcotech AB, a Sweden-based company
specializing in industrial flue gas cleaning.
- Höganäs Borgestad refinanced its existing loan facilities with Nordea Bank,
extending maturity to June 30, 2028 and securing a 0.8 percent margin reduction.
Borgestad ASA's report for the second quarter of 2025 is attached hereto.
The contact person is Pål Feen Larsen, CEO Borgestad ASA, +47 488 45 333
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This information is subject to disclosure requirements pursuant to the
Securities Trading Act §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.