Interim report Q3 2025People Green Innovation Technology

Byggma ASA is domiciled in Norway. The head office is in Vennesla. Byggma ASA is listed on the Oslo Stock Exchange. The Group’s main area of business is the production and sale of building products to the Scandinavian and Northern European markets. In Norway, the products are sold through our own nationwide sales apparatus; abroad, sales work is handled partly by subsidiaries and partly by distributors. The product range is mainly produced by the group’s seven production units. These production units are located in Norway and Sweden. In addition to products produced within the Group, Byggma ASA also sells products for resale.

Byggma Group reports in accordance with IFRS Accounting Standards® as approved by EU. This quarterly report has been prepared in accordance with IFRS Standard for interim reporting (IAS 34). The report should be viewed in conjunction with the annual report for 2024 and with reference to the accounting policies specified therein. The quarterly report has not been audited.

For the full year, we calculate and book actual tax, while for the interim accounts we use nominal tax rates per company per country. Deferred tax/deferred tax assets are based on the tax rate in the relevant countries.

Provisions made in the accounts based on contingent events after the balance sheet date are insignificant.

Geir Drangsland and related parties as of 6^th of November 2025 control 88,70 % of the share capital in Byggma ASA.

Oslo Børs has approved Byggma’s application for delisting from Euronext Oslo Børs and admission to trading on Euronext Growth Oslo. At the time of presenting the Q3 2025 report, the appeal period for the decision is still running, but there are no indications that the transfer will not proceed as planned. With this change, Byggma will remain listed and will achieve significant cost reductions while freeing up internal resources for more value-creating activities for the company’s shareholders.

There are no other material events after the balance sheet date.

* The liability from sale leaseback relates to the sale of Birkeland Eiendom AS and Masonite Fastighet AB. They were sold during the autumn of 2022. The transaction is booked as a sale leaseback in accordance with IFRS 9 as it is likely that the companies will be purchased back through a put/call structure in the autumn of 2042. The related properties are continued in the consolidated financial statements.

Byggma ASAs subsidiaries Uldal AS and Masonite Beams AB rents the related properties in Birkeland Eiendom AS and Masonite Fastighet AB respectively for their production of windows and I-Beams. The rental agreements run for 20 years and Uldal AS and Masonite Beams AB have an option to prolong the agreements for 10 years at a time after that. The rent is classified as interest expense in the consolidated financial statements.

*EBITDA as defined in Norske Skog ASA Alternative Performance Measures