Interim report Q2 2025People Green Innovation Technology

Sales revenues YTD rose from NOK 1,089.9 million in 2024 to NOK 1,228.4 million in 2025, reflecting an 12.7 % increase. The adjusted operating profit increased from NOK 60.7 million in first half of 2024 to NOK 73.0 million in first half of 2025.

The construction materials sector is currently experiencing the most challenging market conditions since the Second World War. A critical barometer for market size fluctuations is the residential construction companies' reports on the volume of houses sold and initiated. Over the past year, these figures stand at 15,286 and 14,146 units, respectively, against Norway's annual housing requirement of 30,000. Like many sectors, ours is influenced by various elements, including global unrest, rising interest rates, and pronounced inflation, leading many to defer their homebuilding plans. However, a silver lining exists in the increasing fundamental demand for housing. Consequently, when home sales are substantially below the necessary levels, the theoretical backlog of orders surges, which will eventually catalyze a robust upswing for the industry. It is a testament to Byggma Group's resilience that, despite the exceptionally challenging market conditions, the group has maintained solid profitability throughout the quarter.

Aneta Lighting continues to expand its presence, capturing market share and achieving robust sales growth despite a declining market. In the second quarter of 2025, the Lighting segment reported sales revenue of NOK 23.2 million, up from NOK 20.9 million in the same period last year, and an operating profit of NOK -2.0 million, compared to NOK 3.0 million in the same period last year. This represents a sales growth of 10,4% for the quarter. Aneta Lighting exemplifies how to outperform the market by working smarter and more effectively than the competition.

In 2024, Byggma established Masonite Beams Ltd to manage I-beam sales in the UK with a dedicated local sales team. The initiative has been well received, and in Q2 2025, sales to the UK rose by 81.5% year-over-year, confirming strong market alignment. Continued growth in sales and profitability is expected

As of 26 August 2025, Byggma ASA and its related party Drangsland Kapital AS owns 26.8 % of the share capital in Norske Skog ASA. Byggma aims to be a long-term owner in Norske Skog ASA. There are several synergy effects between Norske Skog and Byggma regarding process equipment, raw materials, logistics, product development and environment.

In 2022, Forestia made a strategic investment in a new 4,000 m² logistics center located at Braskereidfoss. This facility enables our clientele to consolidate orders and receive chipboard, OSB, and plywood boards in a single shipment. This initiative not only adds significant value for Forestia and its customers but also provides an environmental benefit through more efficient transportation of goods. In first half of 2025, we achieved a sales growth of 47.2% in plywood and OSB boards compared to 2024. This substantial increase confirms the attractiveness and effectiveness of the solutions we offer to our customers

Our product launches Forestia Premium Ceiling, Forestia Ergospon and Huntonit Proff Vegg are still experiencing increasing sales in the market. These decorative interior products add more value for the customer and hence have high unit prices. The increasing sales of these products are consequently increasing the profitability of the group.

In 2025, Byggma reported for the first time in accordance with the EU’s Corporate Sustainability Reporting Directive (CSRD), positioning itself as one of the few companies in the Nordic building materials industry to do so. This milestone reflects our commitment to transparency and responsible business practices. Through the CSRD process, we have conducted a double materiality assessment and identified key impacts, risks, and opportunities across our value chain. These insights form the foundation for our updated sustainability strategy and action plans, aimed at enhancing our long-term competitiveness. The full report is available on Byggma’s website. See more in the Sustainability section in this report.

Forestia has been in dialogue with Innovasjon Norge to secure grants for a plant to process and clean wood waste for reuse in new woodchip boards. On 8 April 2022, Forestia was informed by the Minister of Finance, and Minister of Trade and Industry, that Innovasjon Norge's Board of Directors had approved a NOK 80 million grant for this project. This initiative will enhance Forestia's value, make its woodchip boards more circular by recycling wood waste, and reduce CO₂ emissions. It will also lower sourcing risks by reducing dependence on raw materials from sawmills. Forestia is working with vendors to secure long-term supply agreements for the project.