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Borgestad ASA

Earnings Release Oct 31, 2025

3561_rns_2025-10-31_34a62bba-f253-4ca1-b38f-7f13d256045d.html

Earnings Release

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Borgestad ASA – Interim financial report for third quarter 2025

Borgestad ASA – Interim financial report for third quarter 2025

Highlights:

- In Q3’25, Borgestad Group delivered a result before tax of MNOK 47.0, compared to MNOK 44.1 in Q3’24.

- Höganäs Borgestad delivered a better quarter compared to Q3’24, reporting revenues of MNOK 333.3 and an EBIT of MNOK 49.6, compared to MNOK 340.4 and MNOK 45.5 Q3’24, respectively.

- Agora Bytom delivered an EBITDA of MNOK 10.3 in Q3’25, compared to MNOK 10.3 in Q3’24.

Borgestad ASA's report for the third 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.

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