Borgestad ASA — Earnings Release 2026

May 21, 2026

Borgestad ASA: Interim financial report for first quarter 2026

Borgestad ASA: Interim financial report for first quarter 2026

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.