Orkla ASA — Earnings Release 2025

Nov 14, 2025

Orkla reports continued growth

Orkla reports continued growth

In the third quarter, Orkla reported operating revenues of NOK 17.9 billion,

with organic growth of 4.4%, including 1.3% from volume/mix.

Orkla increased EBIT (adj.) by 2.1% to NOK 2.0 billion compared to the same

period last year. Underlying EBIT (adj.) for the consolidated portfolio

companies (including Orkla ASA and Business Services) increased by 1.1%.

Profit from associated companies totalled NOK 603 million, primarily related

to Orkla's 42.7% ownership share in Jotun. Adjusted for negative currency

translation effects, Jotun delivered sales growth of 4%, primarily from

increased volumes as well as increased sales of premium products in the

Decorative segment. Reported EBITA growth was 6% during the quarter, and 12%

excluding currency effects.

Orkla's profit before tax ended at NOK 2.0 billion. Earnings per share (adj.)

for the quarter was NOK 1.85, an increase of 9% year-over-year.

On 6 November, Orkla India was successfully listed on the Indian Stock

Exchange. Following the listing, Orkla retains a 75% ownership stake in Orkla

India.

"The listing marks an important milestone for Orkla India and reflects the

strong foundation we have built together with Orkla. The listing provides us

with greater visibility and many strategic options to pursue our growth

ambitions. We see significant opportunities ahead and remain committed to

creating sustainable, long-term value," says Orkla India CEO Sanjay Sharma.

"The IPO of Orkla India represents an important step in our strategy to unlock

long-term value. The listing increases transparency around Orkla India's

performance and lays the foundation for future growth. We are thankful and

proud of all the hard work from our teams both in Orkla India and Orkla ASA in

preparing for the listing. As a dedicated majority owner, we look forward to

supporting the next phase of Orkla India's growth journey," 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 November 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 November 2025 at 07:00 CET.