Orkla ASA — Earnings Release 2025

May 9, 2025

Continued profit growth for Orkla

Continued profit growth for Orkla

Orkla increased EBIT (adj.) for the first quarter by 10% to NOK 1.8 billion.

Orkla's operating revenues rose by 2.3% to NOK 17.2 billion, despite slight

volume/mix decline. Orkla achieved a profit before tax of NOK 2.2 billion in

the quarter, up 28%, year over year.

Orkla's consolidated portfolio companies (incl. Orkla ASA) increased

underlying EBIT (adj.) for the first quarter by 7.6% to NOK 1.7 billion.

Profit from associated companies totalled NOK 651 million, mostly attributable

to Orkla's 42.7% ownership share in Jotun. This represented a year-over-year

increase of 57% mainly due to currency losses in Jotun last year following

devaluation of the Egyptian pound, as well as lower net financial expenses in

Orkla's earnings per share (adj.), diluted, for the quarter was NOK 1.68, up

19% compared to the same period last year.

At the beginning of 2025, Orkla entered into agreements to sell its hydropower

portfolio and Pierre Robert Group. The sale of Pierre Robert Group was closed

in the first quarter and the sale of the hydropower portfolio was closed in

the beginning of the second quarter.

"I am pleased to see that our portfolio companies continue to deliver growth

in both operating profit and margins. The sale of our hydropower assets and

Pierre Robert Group mark important steps in simplifying our portfolio. We are

executing our strategy and are well on track to deliver on our communicated

targets," says Orkla President and CEO Nils K. Selte.

About Orkla

Orkla ASA is a leading industrial investment company within brands and

consumer-oriented businesses. At present, Orkla has 10 portfolio companies.

Orkla takes a long-term and strategic approach to its investments, creating

value by combining brand expertise with an investment company mindset. Orkla

is listed on the Oslo Stock Exchange and is headquartered in Oslo, Norway. The

Group had a turnover of NOK 70,7 billion in 2024 and has approximately 19,000

employees.

Orkla ASA

Oslo, 9 May 2025

Ref.:

SVP Investor Relations & Communication

Annie Bersagel

Mobile: +47 986 03 664

Email: annie.bersagel@orkla.no

VP Financial Communication

Joachim Gresslien

Mobile: +47 907 25 018

Email: joachim.gresslien@orkla.no

An Excel spreadsheet with key figures may be found at

https://investors.orkla.com/

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Ole Andreas Steensland Dahl,

Investor Relations Manager at Orkla ASA, on 9 May 2025 at 07:00 CEST.