Byggma (BMA) Q2 2025 earnings summary

Executive summary

• Sales revenues YTD increased by 12.7% to NOK 1,228.4 million compared to the same period last year, with adjusted operating profit rising to NOK 73.0 million from NOK 60.7 million.

• Despite historically low construction activity, profitability was maintained, reflecting operational resilience.

• Strategic investments in innovation, sustainability, and automation continue, including a new logistics center and product launches.

• Significant ownership in Norske Skog ASA, with 26.8% of share capital controlled as of August 2025.

Financial highlights

• Q2 2025 sales revenues reached NOK 592.4 million, up 8.1% year-over-year.

• EBITDA for Q2 was NOK 39.6 million, down from NOK 43.8 million in Q2 2024.

• Adjusted profit before tax YTD was NOK 23.5 million, up from NOK 18.3 million last year.

• Net financial expenses increased by NOK 7.1 million due to higher overdraft and interest rate swap changes.

• Net interest-bearing debt rose to NOK 1,439.9 million as of June 30, 2025.

Outlook and guidance

• Market remains challenging with a significant gap between housing demand and supply, but pent-up demand is expected to drive future growth.

• Commercial and public building activity is stable; renovation and extension markets are expected to grow.

• Continued focus on cost efficiency, strategic alliances, and investments in digitization and sustainability.

• Well positioned for market recovery and long-term growth.