Logotype for Magnora

Magnora (MGN) investor relations material

Magnora Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Magnora
Q3 2025 earnings summary24 Oct, 2025

Executive summary

  • Accelerated expansion into the Nordic data center market, acquiring Storespeed AS and establishing Magnora Data Center AB, with a pipeline exceeding 1,500 MW in Sweden and 500 MW in Norway, and leveraging experienced leadership and partnerships.

  • Diversified portfolio across data centers, solar (mainly South Africa), battery systems (notably Germany and Italy), and wind (onshore in South Africa, offshore in Scotland), with active sales and development in all regions.

  • Data center demand is booming, with the Nordics positioned as a prime region due to low electricity prices, high green energy share, and favorable climate, and the European market expected to double by 2030 and grow fourfold by 2035.

  • Focused on a capital-light, early-exit business model, with a shift in capital allocation to prioritize high-margin data center opportunities and maintain strong project pipeline growth.

  • Over a dozen partnership discussions underway, with commercial negotiations for wind, solar, battery, and data center assets across all markets.

Financial highlights

  • Cash and available credit facilities totaled NOK 342.6 million as of September 30, 2025, with an equity ratio of 76% and group equity at NOK 357.1 million.

  • EBITDA improved to negative NOK 20.4 million in Q3 2025 from negative NOK 24.4 million in Q2 2025; operating loss narrowed to NOK 20.0 million.

  • Net loss from continued operations was NOK 16.4 million, mainly due to the absence of significant divestment gains.

  • Regular dividend of NOK 11.9 million paid in Q3; board cut regular dividend to reallocate capital to data center growth.

  • Market capitalization was NOK 1.4 billion as of September 30, 2025, with a share price of NOK 21.45.

Outlook and guidance

  • On track for a 10 GW portfolio by year-end, targeting 600–725 MW in net sales if large processes close.

  • Data centers to be consolidated as they now represent over 50% of the business, with expansion prioritized over regular dividends.

  • Evaluating over a dozen greenfield data center projects, with partnership discussions totaling 1,500 MW.

  • Expecting a large pickup in land bank, especially in South Africa and Europe, and substantial future income from earnouts and milestone payments on previously sold projects through 2029.

  • Farm-downs and sales expected in most markets, with recurring project development anticipated.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Magnora earnings date

Logotype for Magnora
Q4 202527 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Magnora earnings date

Logotype for Magnora
Q4 202527 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Magnora ASA is a Norway-based renewable energy development company that focuses on projects in wind, solar photovoltaic (PV), and battery storage. The company operates across Norway, Sweden, and the United States, contributing to the global shift towards sustainable energy solutions. In addition to developing renewable energy projects, Magnora also holds legacy licensing agreements tied to oil and gas operations, such as with Dana Western Isles and Shell Penguins. Magnora invests in early-stage renewable projects and partners with developers to accelerate their growth, particularly in offshore and onshore wind, as well as solar energy technologies. The company is headquartered in Oslo, Norway, and its shares are listed on the Oslo Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage