Saga Pure (SAGA) Q1 2025 earnings summary

Executive summary

• Net total comprehensive income for Q1 2025 was NOK 10.5 million, down from NOK 17.8 million in Q1 2024.

• EBITDA for Q1 2025 reached NOK 7.4 million, with a net gain on financial assets of NOK 3.7 million and rental income of NOK 8.9 million.

• Acquired 60% of Vallhall Arena Group, which contributed NOK 8.9 million in rental revenue and NOK 5.8 million in EBITDA.

Financial highlights

• Operating revenues for Q1 2025 were NOK 14.2 million, up from NOK 13.8 million in Q1 2024.

• Net profit for Q1 2025 was NOK 10.5 million, compared to NOK 17.8 million in Q1 2024.

• Cash holdings at quarter-end were NOK 509.5 million, down from NOK 644.1 million at year-end 2024.

• Net cash investment in non-current investments was NOK 137.3 million; NOK 50.2 million spent on subsidiary acquisitions.

• Basic and diluted EPS for Q1 2025 were both NOK 0.02, compared to NOK 0.04 in Q1 2024.

Outlook and guidance

• Will continue prudent and selective capital allocation, maintaining a strong position for new investments due to limited interest-bearing debt.