BEWI Invest (BINT) Q4 2025 earnings summary

Executive summary

• Advanced long-term strategy in industrials, real estate, and seafood, with active ownership and sustainability at the core.

• Completed strategic repositioning of real estate portfolio and divested Logistea AB to enhance financial flexibility.

• Major transactions included BEWI ASA’s merger of RAW with Unipol, divestment of food packaging, and acquisition of Corvus Estate.

• Strengthened long-term financing with new bond loan and revolving credit facility.

Financial highlights

• Net sales for 2025: NOK 9,632.2 million, up from NOK 9,352.6 million in 2024.

• EBITDA: NOK 861.1 million (2024: NOK 834.8 million).

• Operating profit: loss of NOK 19.6 million (2024: profit of NOK 53.5 million).

• Loss from continuing operations: NOK 614.5 million (2024: NOK 264.8 million).

• Profit from discontinued operations: NOK 634.7 million (2024: NOK 96.9 million).

• Total comprehensive income: loss of NOK 106.9 million (2024: income of NOK 34.8 million).

• Cash flow from operating activities: NOK 567.9 million (2024: NOK 1,473.2 million).

• Net debt (excl. IFRS 16): NOK 4,047.7 million (2024: NOK 4,444.6 million).

• Equity ratio: 36.5% (2024: 38.8%).

Outlook and guidance

• Continued focus on value creation through active ownership and sustainability.

• Ongoing integration of ESG targets and risk management across portfolio companies.

• Listing of BEWI Invest planned for Q2 2026 following merger with KMC Properties ASA.