Orkla ASA — Earnings Release 2025

Jul 14, 2025

Orkla delivers continued organic growth

Orkla delivers continued organic growth

In the second quarter Orkla's operating revenues rose by 4.7% to NOK 17.7

billion. Organic growth was 3.8%.

In the same period Orkla increased EBIT (adj.) by 5.5% to NOK 1.9 billion

compared to the same period last year. Underlying EBIT (adj.) for the

consolidated portfolio companies (including Orkla ASA) increased by 2.5%.

Profit from associated companies totalled NOK 422 million, primarily related

to Orkla's 42.7% ownership share in Jotun.

Profit before tax ended at NOK 2.1 billion, down 12.6% year over year. This is

primarily due to the sale of Lilleborg in the same quarter last year.

Earnings per share (adj.) for the quarter was NOK 1.56, in line with the

second quarter of 2024.

In June, Orkla India filed a draft red herring prospectus with the Securities

and Exchange Board of India. This marks an important milestone in Orkla

India's pursuit of structural options to unlock value.

"The overall performance of Orkla's portfolio continued to progress towards

our long-term targets. However, the pace was somewhat slower than in previous

periods, with mixed developments across our portfolio companies. Given the

diversity of our portfolio, it is natural that some companies may underperform

in the short term while others outperform. I must draw particular attention to

the strong performances of Orkla Food Ingredients and Orkla India. I am also

impressed by how Orkla Snacks successfully navigated through challenging

market conditions," 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.

The company 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. Orkla had a turnover of approximately NOK 71 billion in 2024.

Orkla ASA

Oslo, 14 July 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@gmail.com

An Excel spreadsheet with key figures may be found at

https://www.orkla.com/investors/

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 14 July 2025 at 07:00 CEST.