BEVEST (BINT) Q2 2026 earnings summary

Executive summary

• Long-term, hands-on investor with a diversified portfolio in industrials, seafood, and real estate across the Nordics and Europe, majority-owned by the Bekken family.

• Completed a reverse takeover merger with KMC Properties ASA and listed on Euronext Oslo Børs on 27 April 2026.

• Portfolio includes significant stakes in BEWI ASA (~51%), Sinkaberg (~31%), and full ownership of Corvus Estate.

• Proven track record of value creation through active ownership, disciplined M&A, and operational improvements.

• Management team and board bring decades of industrial and financial expertise.

Financial highlights

• Consolidated Q2 2026 LTM revenue: NOK 10,252m; consolidated Q2 2026 LTM EBITDA: NOK 1,086m.

• Q2 2026 net sales reached NOK 2,701.5 million, up from NOK 2,508.1 million year-over-year.

• EBITDA for Q2 2026 was NOK 367.8 million, up from NOK 233.0 million in Q2 2025.

• BEWI ASA Q2 2026: 19% revenue growth and adjusted EBITDA margin of 13.8%, up 57.3% from Q2 2025.

• Sinkaberg YTD 2026: NOK 1,185.8m revenue, NOK 386.6m EBITDA, harvest volume 16,626 tonnes.

Outlook and guidance

• Strong portfolio momentum with clear priorities for disciplined shareholder distributions, growth investments, and M&A.

• BEWI ASA expects continued growth across all segments, with gradual improvement in building and construction markets.

• Sinkaberg positioned for continued operational excellence and value chain growth.

• Corvus Estate to expand through acquisitions and development, focusing on long-term leases and divesting non-core assets.

• Operational improvements and strong activity levels support solid performance for Q3 2026.