BYGGMA ASA - INTERIM REPORT Q4 2025
Byggma Group: The Group’s sales revenues in Q4 2025 amounted to NOK 582.8 million which is a NOK 8.5 million (1.5 %) increase from Q4 2024. Sales revenue for YTD Q4 2025 amounted to NOK 2,349.0 million which is NOK 181.6 million (8.4 %) higher than for the same period in 2024.
The EBITDA in Q4 was 33.6 million in 2025, compared to 49.3 million in 2024. The Group achieved an EBITDA YTD Q4 2025 of NOK 209.1 million compared to NOK 212.9 million in the same period last year.
The adjusted operating profit in Q4 2025 was NOK 12.9 million compared to NOK 26.2 million in the same period last year. For YTD 2025, the adjusted operating profit was NOK 122.4 million, compared to NOK 125.1 million last year. The operating profit contains non-recurring items, please see reconciliation of adjusted operating profit in Alternative Performance Measures after the notes to the interim report.
The investment in Norske Skog ASA is classified as an investment in associate and is accounted for using the equity method in accordance with IAS 28. See note 12 for more information. Share of profit from associates was NOK 83.3 million YTD Q4 2025. See Norske Skog ASA's latest quarterly report and annual accounts for more information.
The Group achieved an adjusted profit before tax in Q4 2025 of NOK (10.4) million, compared to NOK 3.3 million last year. Adjusted profit before tax YTD Q4 was NOK 26.1 million compared to NOK 31.7 million in the same period in 2024.
YTD Q4 2025, net financials amounted to an expense of NOK 96.3 million which is a NOK 2.9 million increase in cost compared to the same period in 2024. The main driver behind the change in net financial expenses is, among other factors, changes in the fair value of derivatives. Please see note 3 for specification of net financials.
The liquidity reserve as of 31 December 2025 amounted to NOK 83.5 million, a reduction of NOK 38.5 million from 1 January 2025. The Board of Directors will maintain its focus on capital and cost-efficiency.
Net interest-bearing debt is decreased from NOK 1,365.8 million as of 1 January 2025 to NOK 1,253.8 million as of 31 December 2025. As of the fourth quarter of 2025, there were acquired loans of NOK 37.9 million.
Investments in tangible fixed assets and intangible assets YTD Q4 2025 totaled NOK 108.5 million which is NOK 68.0 million higher than in 2024.
Total assets decreased from NOK 2,911.8 million as at 1 January 2025 to NOK 2,916.6 million as at 31 December 2025. Booked equity as of 31 December 2025 was NOK 1,023.5 million (35.1 %), which is an increase of NOK 111.0 million compared to 1 January 2025 (31.3 %). The reasons for the change in equity are due to the profit of the year of NOK 108.3 million, a currency translation difference of NOK -3.5 million and share of other comprehensive income from associate of NOK 6.2 million.