Orkla ASA — Earnings Release 2025

Feb 12, 2026

Orkla reports growth in the fourth quarter

Orkla reports growth in the fourth quarter

Orkla recorded operating revenues of 18.8 billion in the quarter, an increase

of 2.1% compared to the same period last year. The consolidated portfolio

companies delivered an organic growth of 4.5% in the quarter.

Orkla's consolidated portfolio companies (including Orkla ASA and the Business

Service companies) achieved underlying EBIT (adj.) growth of 17% in the

quarter, partly affected by periodisation effects and non-recurring items. All

portfolio companies contributed with EBIT growth. EBIT (adj.) for the Orkla

Group amounted to 2.0 billion in the fourth quarter.

Profit from associates amounted to 505 million in the quarter, mainly related

to Orkla's 42.7% ownership interest in Jotun. The company reported a 14%

increase in operating profit and 28% adjusted for currency effects, driven by

solid sales development across segments.

Profit before tax amounted to 2.1 billion in the fourth quarter, an increase

of 24% compared with the same period last year. Adjusted earnings per share

(diluted) was NOK 1.74 in the quarter.

"The performance has been strong in the quarter, with improved operating

profit and volume growth across large parts of the portfolio. Jotun continued

to deliver solid underlying performance, supported by good sales development

across segments, while Orkla Snacks delivered volume growth and improved

profitability despite challenging market conditions. I am pleased with the

totality. Nevertheless, heading into 2026, achieving stronger volume growth

and cost efficiencies will be key areas for improvement," says Orkla President

and CEO Nils K. Selte.

Financial results full year 2025

In 2025, Orkla's operating revenues amounted to 71.5 billion, an increase of

3.3% compared with 2024. Orkla's consolidated portfolio companies (including

Orkla ASA and the Business Service companies) achieved EBIT (adj.) of 7.5

billion, representing an increase of 7.8%.

Profit from associates totalled 2.2 billion, an increase of 17% compared to

Profit before tax amounted to 8.4 billion, and adjusted earnings per share

(diluted) was NOK 6.83, an increase of 13%.

Dividend proposal

Orkla's Board of Directors intends to propose a total dividend of NOK 6.00 per

share for the financial year 2025, comprising an ordinary dividend of NOK 4.00

and NOK 2.00 additional to Orkla's ordinary dividend.

About Orkla

Orkla ASA is a leading industrial investment company within brands and

consumer-oriented businesses, with 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 71.5 billion in 2025.

Orkla ASA

Oslo, 12 February 2026

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://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 12 February 2026 at 07:00 CET.