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Interim financial report for the second quarter of 2025

Interim financial report for the second quarter of 2025

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 adjusted 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 NordeaBank, extending maturity date to June 30, 2028 and reducing the margin by 0.8%.​

Borgestad ASA’s report for the first quarter of 2025 is attached hereto.

Report Q2 2025

Company presentation Q2 2025

Webcast

 

 

Aug 21, 2025
For further information, please contact:

Pål Feen Larsen, CEO
Email: pfl@borgestad.no

Jan Fredrik Herud, Investment Manager
Email: jfh@borgestad.no 

About Borgestad ASA

Borgstad ASA (OSE: Borgestad ASA– ticker code “BOR”) is an investment company established in 1904 and listed on the Oslo Stock Exchange in 1917. The main areas of business are real estate and industry. The largest current holdings include the Agora Bytom shopping center in Poland and Höganäs Borgestad. Höganäs Borgestad is a leading global supplier in the refractory market with a range of applications.