Byggma (BMA) Q2 2026 earnings summary

Executive summary

• Achieved sales revenue of NOK 600.3m in Q2 2026, up 2.0% year-over-year, with YTD revenue at NOK 1,253m compared to NOK 1,228m YTD 2025 and adjusted operating profit rising to NOK 72m.

• Maintains #1 market position in boards and beams in the Nordics, with growing international presence, especially in the Netherlands and UK.

• Strategic initiatives, including product innovation, operational integration, and sustainability, contributed to improved capacity utilization and lower unit costs.

• Despite historically low construction activity, profitability was maintained through operational resilience and cost discipline.

Financial highlights

• EBITDA for Q2 2026 was NOK 39m, up from NOK 36m in Q2 2025; YTD EBITDA at NOK 116m versus NOK 114m YTD 2025.

• Net profit for YTD 2026 was NOK 70m, down from NOK 114m YTD 2025.

• Equity ratio stood at 36.1% as of June 30, 2026, with booked equity at NOK 1,057.1m.

• Net interest-bearing debt was NOK 1,259m at the end of Q2 2026.

• Investments in tangible and intangible assets in Q2 totaled NOK 42.3m, NOK 15.5m lower than last year.

Outlook and guidance

• Revenues from new products such as Huntonit Pro Wall and Forestia Premium Ceiling expected to increase in 2026.

• Market activity in residential construction remains subdued, but stable demand for renovation and public buildings is expected to drive future growth.

• Growth strategy includes organic expansion, product innovation, digitization, automation, and M&A to diversify and strengthen the portfolio.

• Targeted long-term dividend payout ratio of 30-50% of net profit.