Selvaag Bolig ASA

Earnings Release • Jan 2, 2026

Selvaag Bolig ASA: Q4 2025: Sold 521 homes worth NOK 3.5 billion in 2025

Selvaag Bolig sold 521 homes with a total value of NOK 3,463 million in 2025. More than one third of the sales were homes with the lifestyle concept Selvaag Pluss®. In the fourth quarter, the company sold 115 homes for a gross value of NOK 774 million.

Net sales in the fourth quarter, i.e. sales adjusted for Selvaag Bolig's share in joint ventures, amounted to 106 homes worth NOK 708 million. Construction of 122 homes was started. Selvaag Bolig completed 261 homes and delivered 261 homes to buyers in the quarter, of which 194 were from consolidated project companies and 67 from joint ventures.

Net sales for the year 2025 ended at 466 homes worth NOK 3,036 million. Construction of 476 homes was started, 393 homes were completed, and 433 homes were delivered to buyers in 2025.

"We are pleased with the sales in 2025. We have popular projects in attractive locations, which have sold well despite a challenging market. Our Selvaag Pluss® projects remain in high demand, offering homes with shared spaces as well as social and practical services," says CEO Sverre Molvik.

At the end of the fourth quarter, Selvaag Bolig had 912 homes under construction and 45 completed homes that remained unsold. In addition, the company had 22 completed homes that were sold but not yet delivered. The corresponding figures at the end of the fourth quarter of 2024 were 829 homes under construction, 81 completed homes that were not sold, and 26 completed homes that were sold but not yet delivered.

"We are optimistic about the period ahead. There has been a historic low level of construction of new homes in Norway. The Norwegian Central Bank expects increased purchasing power and further interest rate cuts in 2026. Selvaag Bolig is well positioned with several major sales launches in attractive locations planned for 2026, both in Norway and Sweden," says Molvik.

In the fourth quarter of 2024, Selvaag Bolig sold 160 homes gross worth NOK 1,121 million. Net sales were 122 homes worth NOK 849 million. For the full year 2024, the company sold 665 homes worth gross NOK 4,363 million. Net sales in the same period amounted to 568 homes worth NOK 3,673 million.

Units sold are sales contracts entered into with customers pursuant to the Norwegian Housing Construction Act and the Tenancy Act in Sweden.

About Us

Selvaag Bolig ASA is a residential development company that manages the entire value chain from acquisition of land to completed residential and urban areas. The company represents a continuation of Selvaag's 75-year history and experience and has several thousand homes under development in growth areas in and around the largest cities in Norway and Sweden. Selvaag Bolig offers a broad variety of housing types, including the lifestyle concept Selvaag Pluss®, which features homes with shared spaces and services.

www.selvaagboligasa.no/en

This release was distributed by Line Lian Mjell, EVP marketing, strategy and sustainability, Selvaag Bolig ASA.

For further information:

Sverre Molvik, CEO

Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Christopher Brunvoll, CFO

Telephone: +47 98 82 92 22, e-mail: chbr@selvaagbolig.no

Line Lian Mjell, EVP marketing, strategy and sustainability Telephone: +47 975 39 225, e-mail: limj@selvaagbolig.no

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Selvaag Bolig ASA: Q4 2025: Sold 521 homes worth NOK 3.5 billion in 2025