Saga Pure — Earnings Release 2025

Aug 27, 2025

Saga Pure: Second quarter 2025 financial results

Saga Pure: Second quarter 2025 financial results

(Oslo, 27 August 2025) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss

in the second quarter 2025 of NOK 35.0 million, giving a return on equity of

-3.0 percent year to date.  As a result of the mandatory offer for all share in

SD. Standard ETC Plc ("SDSD"), Saga Pure has now deployed a substantial share of

its capital as long-term investments.

Saga Pure will as of second quarter 2025, report as an investment entity in

accordance with IFRS 10, and measure its subsidiaries at fair value, rather than

consolidate them.

For the second quarter of 2025, Saga Pure reported a net loss of NOK 35 million.

The Company had a net loss in financial investments of NOK 31.8 million. At the

end of the quarter, Saga Pure had non-current investments of NOK 620.6 million,

and current investments of NOK 37.2 million.

Following the mandatory offer for all share in SDSD.  as completed in the second

quarter, Saga Pure invested additional NOK 438.8 million in SDSD. The total book

value of the investment in SDSD was as of end of second quarter was NOK 576.2

million. Saga has per second quarter an ownership of 58.4% in SDSD.

By the end of the second quarter, Saga Pure's long-term investments were valued

at NOK 620.6 million, an increase from NOK 141.4 million at the end of first

quarter. Short-term investments were valued at NOK 37.2 million, down from NOK

169.5 million at the end of the first quarter.

At the end of the quarter, Saga Pure had a cash holding of NOK 187.6 million.

By the end of the second quarter, Saga Pure's long-term investments were valued

at NOK 620.6 million, an increase from NOK 141.4 million at the end of first

quarter. Short-term investments were valued at NOK 37.1 million, down from NOK

169.5 million at the end of the first quarter.

As of 22 august, Saga Pure had a net asset value per share calculated at

approximately NOK 1.83.

The Board of Directors' report is enclosed.

ENDS

For additional information, please contact:

Espen Lundaas, CEO, +47 924 31 417

Tore Jakob Berg, CFO, +47 934 80 202

About Saga Pure | www.sagapure.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 of the Norwegian Securities Trading Act. This stock exchange

announcement was published by Tore Jakob Berg, CFO, Saga Pure ASA, on 27 August

2025 at 07:30 CET.