Saga Pure (SAGA) Q4 2025 earnings summary

Executive summary

• Reported a total comprehensive loss of NOK 13.1 million for Q4 2025, but a profit of NOK 8.3 million for the full year, including NOK 1.8 million to non-controlling interests.

• EBITDA was NOK -13.2 million in Q4 2025 and NOK 2.9 million for the year.

• Loss from financial investments was NOK 6.8 million in Q4, with a gain of NOK 12.1 million for the year.

• Cash holdings increased to NOK 288.3 million at year-end, up from NOK 87.9 million at the end of Q3, mainly due to net divestment in trading.

Financial highlights

• Operating income for Q4 2025 was NOK -7.3 million, compared to NOK -18.1 million in Q4 2024.

• Net profit for Q4 2025 was NOK -13.1 million, compared to NOK -10.0 million in Q4 2024.

• Basic and diluted EPS for Q4 2025 were both NOK -0.02; for the full year, both were NOK 0.01.

• Major Q4 items: NOK 6.8 million net loss on financial investments, NOK 5.9 million administrative expenses, NOK 2.4 million interest revenue, NOK 2.8 million exchange loss.

• Share issue during the year raised NOK 121.5 million gross, with NOK 2.2 million in costs.

Outlook and guidance

• Evaluating potential long-term investments in controlling stakes in commercial and industrial businesses.

• Forward-looking statements are subject to significant uncertainties and contingencies.