Elmera Group ASA — Earnings Release 2025

Nov 13, 2025

Elmera Group ASA: Q3 results – Increased core margins and solid customer growth

Elmera Group ASA: Q3 results – Increased core margins and solid customer growth

Elmera Group recorded an adjusted net revenue of NOK 351m in the third quarter of 2025, a decrease from NOK 368m in the third quarter of 2024, mainly driven by reduced volumes due to higher temperatures. Adjusted EBIT was correspondingly down to NOK 61m, from NOK 79m in third quarter 2024.

The group’s largest segments developed well in the quarter, with increased core net revenue margins in both the Consumer and Business segments. The Business segment recorded its highest ever net revenue margin per kWh, and customer growth was historically strong in the Consumer segment.

-Our sales and marketing efforts prior to the launch of Norgespris were highly successful and resulted in a net growth of 9 thousand deliveries in the Consumer segment in the quarter. In parallel, the core margin increased, a testament to the organisation’s commercial craftmanship, says CEO, Rolf Barmen.

-Regarding Norgespris, it is too early to conclude that the average consumption has increased, but according to industry experts, we can expect an increase in consumption of 2-3 percent short-term and somewhat higher longer term, says Barmen.

The Group level ambitions for 2026 remain unchanged.

Please find attached the quarterly report and quarterly presentation.

Results Presentation: 13 November 2025 at 08.00 CET

The presentation will be webcasted live at: https://channel.royalcast.com/landingpage/hegnarmedia/20251113_3/

For further information, please contact:

Morten A. W. Opdal, Head of Group Accounting, Reporting and IR, +47 970 62 526