Saga Pure (SAGA) Q4 2024 earnings summary

Executive summary

• Reported total comprehensive loss of NOK 10 million for Q4 2024; full-year income of NOK 3 million.

• EBITDA for Q4 2024 was NOK -22 million; full-year EBITDA at NOK -32 million.

• Cash holdings at quarter-end were NOK 644 million, down from NOK 765 million at Q3 2024 end.

• Net loss on financial investments in Q4 was NOK 18.1 million; administrative expenses NOK 4.3 million.

• No interest-bearing debt; strong liquidity position for future investments.

Financial highlights

• Operating revenues for Q4 2024 were NOK 5.9 million, compared to NOK 0.1 million in Q4 2023.

• Net profit for Q4 2024 was NOK -10 million, compared to NOK -38.5 million in Q4 2023.

• Basic and diluted EPS for Q4 2024 were both NOK -0.02; full-year 2024 EPS was NOK 0.01.

• Cash and equivalents at year-end 2024 were NOK 644 million, down from NOK 696 million at year-end 2023.

• Total assets at year-end 2024 were NOK 872 million; total equity NOK 869 million.

Outlook and guidance

• Plans to remain prudent and selective in capital allocation.

• Strong cash position and no debt position the group well for new investment opportunities.