Reported Earnings • Feb 28
Full year 2025 earnings released: kr0.04 loss per share (vs kr1.29 profit in FY 2024) Full year 2025 results: kr0.04 loss per share (down from kr1.29 profit in FY 2024). Revenue: kr1.13b (down 1.3% from FY 2024). Net loss: kr1.55m (down 103% from profit in FY 2024). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Basic Materials industry in the United Kingdom. New Risk • Feb 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 204% Cash payout ratio: 208% Dividend yield: 4.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Payout ratio: 204% Cash payout ratio: 208% Minor Risk Market cap is less than US$100m (kr634.6m market cap, or US$66.7m). 공시 • Dec 16
Borgestad ASA, Annual General Meeting, May 22, 2026 Borgestad ASA, Annual General Meeting, May 22, 2026. 공시 • Sep 12
Borgestad ASA to Report Fiscal Year 2025 Results on Apr 30, 2026 Borgestad ASA announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Aug 23
Second quarter 2025 earnings released: kr0.05 loss per share (vs kr0.54 profit in 2Q 2024) Second quarter 2025 results: kr0.05 loss per share (down from kr0.54 profit in 2Q 2024). Revenue: kr316.2m (down 6.1% from 2Q 2024). Net loss: kr1.59m (down 107% from profit in 2Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Basic Materials industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to kr19.70, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Basic Materials industry in the United Kingdom. 공시 • Jun 18
Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million. Borgestad ASA (OB:BOR) entered into an agreement to acquire Emcotech Ab for SEK 20.5 million on June 17, 2025. A cash consideration of SEK 10.5 million will be paid by Borgestad ASA. Borgestad ASA will pay an earnout/contingent payment of SEK 10 million cash. As part of consideration, SEK 20.5 million is paid towards common equity of Emcotech Ab. The transaction will be financed through loan commitments from Nordea, consisting of a mortgage facility of SEK 9 million and an overdraft facility of SEK 10 million.
For the period ending December 31, 2024, Emcotech Ab reported total revenue of SEK 45.4 million and EBITDA of SEK 6.4 million.
Closing of the transaction is expected by the end of June 2025, subject to certain customary closing conditions. 공시 • May 28
Borgestad ASA Approves Dividend Borgestad ASA at its Annual general meeting held on May 28, 2025, approved to distribute a dividend of NOK 0.80 per share. Ex. date: 30 May 2025. Upcoming Dividend • May 24
Upcoming dividend of kr0.80 per share Eligible shareholders must have bought the stock before 30 May 2025. Payment date: 05 June 2025. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 4.5%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (3.4%). New Risk • May 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 31% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings are forecast to decline by an average of 31% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (kr599.6m market cap, or US$58.8m). Board Change • May 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Mills Moller is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to kr17.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Basic Materials industry in the United Kingdom. Board Change • Mar 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Mills Moller is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 09
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 4.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (kr615.3m market cap, or US$56.7m). Board Change • Mar 07
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Mills Moller is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 공시 • Mar 01
Borgestad ASA announces Annual dividend, payable on June 05, 2025 Borgestad ASA announced Annual dividend of NOK 0.8000 per share payable on June 05, 2025, ex-date on May 30, 2025 and record date on June 02, 2025. Board Change • Feb 10
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Mills Moller is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 16
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Mills Moller is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. Independent Director Mills Moller is the most experienced director on the board, commencing their role in 2009. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. 공시 • Nov 19
Borgestad ASA, Annual General Meeting, May 28, 2025 Borgestad ASA, Annual General Meeting, May 28, 2025. 공시 • Dec 21
Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million. Borgestad ASA has completed a Follow-on Equity Offering in the amount of NOK 62.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: NOK 0.25
Transaction Features: Rights Offering 공시 • Nov 09
Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million. Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 250 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,000,000,000
Price\Range: NOK 0.25
Transaction Features: Subsequent Direct Listing 공시 • Nov 08
Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million. Borgestad ASA has filed a Follow-on Equity Offering in the amount of NOK 62.5 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 250,000,000
Price\Range: NOK 0.25
Transaction Features: Rights Offering