Interim report
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Interim report Q2 2026 People Green Innovation Technology Byggma
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Innholdsfortegnelse Introduction ........................................................................................................................................................................................................................................................................... 3 Highlights...................................................................................................................................................................................................................................................................................5 A word from the CEO ....................................................................................................................................................................................................................................................8 Group............................................................................................................................................................................................................................................................................................10 Segment Information................................................................................................................................................................................................................................................13 Sustainability ......................................................................................................................................................................................................................................................................19 Outlook ..................................................................................................................................................................................................................................................................................... 24 Consolidated Income Statement...............................................................................................................................................................................................................27 Consolidated Balance Sheet.......................................................................................................................................................................................................................... 28 Consolidated Statement of Changes in Equity......................................................................................................................................................................... 29 Consolidated Statement of Cash Flows............................................................................................................................................................................................ 30 Notes to the Consolidated Financial Statements ....................................................................................................................................................................31 Definitions / Alternative Performance Measures.................................................................................................................................................................... 35 Real Estate............................................................................................................................................................................................................................................................................ 36 Contact Information................................................................................................................................................................................................................................................. 38 Interim report Q2 2026 | Innholdsfortegnelse 2
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Introduction The headquarter of Byggma ASA is located at Vennesla in Agder. Byggma ASA consists of the production and trading companies Forestia AS, Huntonit AS, Uldal AS, Masonite Beams AB, Smartpanel AS, Masonite Beams AS, Aneta Lighting AS and Aneta Lighting AB. In addition, the real estate companies Byggma Eiendom AS, Forestia Eiendom AS, Huntonit Eiendom AS and Byggma Eiendom Lyngdal AS, which own industrial property, are included. Byggma ASA is listed on Oslo Børs with the ticker BMA. Byggma`s vision is to be among the leading suppliers of building materials solutions in the Nordic region. See the following link for presentation of Byggma Group: Byggma Group presentation. Our vision will be achieved through the following goals: The Group will achieve a turnover of at least NOK 3,000 million.1. The profit margin will be at least 5 %.2. The Group’s activities must be based on sustainable products and efficient use of resources.3. The Group will be innovative and build strong brands.4. We will enjoy high customer satisfaction.5. We will create profitable and safe workplaces by focusing on HSE, employee development and well-being. 6. Byggma will be an attractive investment object.7. Innovation and technological development are important elements of the Group’s growth strategy, and there is a strong willingness to invest in the necessary equipment and expertise in order to be a leading player in the Nordic building materials market in the future. In principle, Byggma allocate its investments to digitalisation and automation of production processes, as well as to the environment and sustainability. The Group has around 660 employees. The Group will seek to realise its vision through its fundamental values, which can be described as IIR: I – Inclusive Show interest, respect and understanding towards colleagues, customers, and suppliers. Open and direct communication allows for influence and joint decisions that generate engagement. Help develop the people around you (we are no better than the weakest link). Interim report Q2 2026 | Introduction 3
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I – Innovative Curious and in search of future challenges. Always solution oriented and on the lookout for opportunities and good ideas. Encourage the development and commersialisation of good ideas across the Group. R – Responsible Continuous focus on HSE, including continuous focus on training and skills development. Act with integrity and stand by all that we say and do. Show concern for the environment, health, and sustainable development in the execution of our activities. Branding and positioning Byggma is a leading branded manufacturer with a long history in the building materials industry. Our strong market position provides trust and stability for customers and employees alike. During the year, we further strengthened our position as a supplier of building material solutions, reflecting the successful efforts undertaken across the Group. Innovation Every product undergoes a lifecycle, and currently, Byggma boasts a multitude of products that are firmly established within the market. To maintain a robust product portfolio, we are committed to ongoing product development and innovation. Our dedication to product enhancements and new introductions has yielded a trajectory of increased revenue and profitability in recent years. Innovation and product development occupy a central place in our strategic priorities and will continue to be a focal point moving forward. Sustainability At Byggma, we have a long-standing tradition of focusing on productivity and continuous improvement. Sustainability is, in many ways, an integral part of this effort. Through the active involvement of our employees and business partners, we strive to utilize resources efficiently while safeguarding jobs and operating a business that creates long-term value for society. Forests play a pivotal role in carbon sequestration, and at Byggma, we believe that responsible stewardship of this resource involves creating superior products that encapsulate carbon for extended periods. Byggma has a longstanding tradition of prioritizing productivity and continuous enhancement. Sustainability represents a natural progression of these efforts. Through the active engagement of our employees and partners, we aim to utilize resources efficiently, thereby ensuring job security and fostering a business that delivers substantial value to the community. Interim report Q2 2026 | Introduction 4
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Highlights Sales revenue and profit Sales revenues YTD rose from NOK 1,228.4 million in 2025 to NOK 1,252.8 million in 2026, reflecting a NOK 24.3 million (2.0 %) increase. The adjusted operating profit increased from NOK 69.7 million in 2025 to NOK 71.6 million in 2026. At the Group level, the quarter was significantly impacted by cost inflation. This includes higher prices for additives, energy, and labor. Approximately one-third of global urea production is located within the Strait of Hormuz region, where recent developments have led to a substantial increase in prices. The same geopolitical situation has also contributed to higher energy costs. In addition, the building materials industry has been affected by a wage settlement that is not aligned with prevailing market conditions. These three key input factors have placed considerable pressure on margins during the quarter. Successful operational and commercial execution at Huntonit The transfer of painted panels from Smartpanel to Huntonit has been completed as planned and with strong results. The first invoicing of Smartpanel products by Huntonit AS took place in the first quarter of 2026, marking full commercial integration. The initiative has already resulted in increased capacity utilization, lower unit costs, and more efficient logistics. Overall, the co- location strengthens profitability and provides a stronger foundation for margin improvement and returns going forward. Byggma is profitable during challenging times The construction materials sector is currently experiencing the most challenging market conditions since the Second World War. A critical barometer for market size fluctuations is the residential construction companies' reports on the volume of houses sold and initiated. Over the past year, these figures stand at 14,081 and 15,817 units, respectively, against Norway's annual housing requirement of 30,000. Like many sectors, ours is influenced by various elements, including global unrest, rising interest rates, and pronounced inflation, leading many to defer their homebuilding plans. However, a silver lining exists in the increasing fundamental demand for housing. Consequently, when home sales are substantially below the necessary levels, the theoretical backlog of orders surges, which will eventually catalyze a robust upswing for the industry. It is a testament to Byggma Group's resilience that, despite the exceptionally challenging market conditions, the group has maintained solid profitability throughout the quarter. Uldal has strengthened its profitability and position in the window market Over the past two years, Uldal has implemented a range of initiatives aimed at strengthening its market position and improving its financial performance. These efforts have delivered positive Interim report Q2 2026 | Highlights 5
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results. In the second quarter of 2026, Uldal achieved revenue growth of NOK 9.8 million (13.4%) compared with the corresponding period last year, while operating profit reached NOK 5.0 million, representing an operating margin of 6.0% Masonite Beams Ltd has secured several new customers in the UK During 2026, we have secured several new customers in the UK I-joist market. These customers are being onboarded gradually and will provide a solid foundation for continued growth going forward. It is encouraging to see that our strategic initiatives are delivering results and that we are executing on our stated strategy. The fact that new market participants are choosing us as their supplier confirms our competitiveness and demonstrates the value we bring as a trusted business partner. Norske Skog ASA As of 27 June 2026, Byggma ASA and its related party Drangsland Kapital AS owns ca. 26.8 % of the share capital in Norske Skog ASA. Byggma aims to be a long-term owner in Norske Skog ASA. There are several synergy effects between Norske Skog and Byggma regarding process equipment, raw materials, logistics, product development and environment. A growing share of Norske Skog’s cash flow is being generated from a market that is expanding rather than declining. Further information can be found in Norske Skog’s latest quarterly report. Successful expansion of logistics centre and warehouse capacity at Forestia In 2026, Forestia expanded its warehouse capacity by approximately 4,500 square metres. In 2022, the company invested in a new 4,000-square-metre logistics centre at Braskereidfoss. This enables our customers to order particleboard products and complementary trading goods within the same order and shipment. This solution creates value for both Forestia and its customers, while also delivering environmental benefits through more efficient transportation of goods. In the second quarter of 2026, sales of plywood and OSB products increased by NOK 12.0 million (31.6%) compared with the corresponding period in 2025. This development confirms that the solution we offer is attractive to our customers. Product innovation Our product launches Forestia Premium Ceiling, Forestia Ergospon and Huntonit Proff Vegg are still experiencing increasing sales in the market. These decorative interior products add more value to the customer and hence have high unit prices. The increasing sales of these products are consequently increasing the profitability of the group. Interim report Q2 2026 | Highlights 6
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Sustainability The Group continues to identify new value-creating sustainability initiatives that reduce emissions while also delivering strong financial returns for Byggma. Please refer to the dedicated sustainability section of this interim report. Interim report Q2 2026 | Highlights 7
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A word from the CEO "If we can make it now, we can make it anytime" - an adapted application of Frank Sinatra's stanza from “Theme From New York, New York”. The building materials market continues to experience historically low activity, which is reflected in our financial results. Despite historically low levels of construction activity, Byggma remains profitable at the operating level. This is a clear demonstration of resilience and attests to the fact that all employees at Byggma are aware of their responsibilities. They roll up their sleeves and exert extra effort when needed. We should take pride in this accomplishment! The Full Climate Impact Must Be Recognised. Over the past few months, there has been substantial debate regarding the design of climate accounting frameworks for buildings and the treatment of carbon stored in wood-based construction materials under future regulations. I have contributed to this discussion through the articles “Karbon er karbon – også når det lagres i bygg”in Byggeindustrien and “Eksporterer råstoffet – importerer verdiskapingen ”in Finansavisen. For Byggma, this is not about granting wood a preferential advantage. Rather, it is about ensuring that the climate impact of different solutions is described as accurately and comprehensively as possible. As trees grow, they absorb CO⯑ from the atmosphere. When timber is processed into building materials, the carbon remains stored in buildings and products for decades, often across generations. At the same time, under sustainable forest management practices, new forests are established and continue to absorb additional carbon. When products are subsequently reused or recycled, the carbon can be kept out of the atmosphere for an even longer period. These effects are well documented and measurable and, in our view, should be appropriately reflected in climate accounting frameworks. This view is also supported by independent research. The report “Past and Future Climate Effects of the Norwegian and Swedish Forest-Based Sector”highlights the importance of assessing the entire value chain, including carbon stored in forests, carbon stored in products, and emissions avoided when wood substitutes more carbon-intensive materials. Similarly, the report “Vern eller bruk av skog som klimatiltak”by the Norwegian Environment Agency, the Norwegian Agriculture Agency and NIBIO concludes that climate benefits can be enhanced when biomass is used in long-lived products such as building materials and replaces fossil-based resources. In its latest assessment report, the Intergovernmental Panel on Climate Change (IPCC) identifies forestry, wood products and other land-based climate measures as among the most important available tools for reducing greenhouse gas emissions. At the same time, the IPCC emphasises that realising this potential depends on the implementation of appropriate policy frameworks and incentives. The LULUCF framework recognises the value of carbon stored in forests and harvested wood products. However, it captures only to a limited extent the climate benefits achieved when wood- Interim report Q2 2026 | A word from the CEO 8
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based products replace more carbon-intensive alternatives. This is precisely why it is important to assess the entire value chain as a whole. The objective should be to maximise the overall climate benefit, rather than focusing solely on maximising carbon stocks in forests at any given point in time. Norway is now facing important decisions through the revision of the climate requirements in TEK17 and the further development of NS 3720. This represents a historic opportunity to ensure that the regulatory framework is based on the full body of scientific evidence. What is measured, reported and incentivised will influence investments, innovation and material choices across the construction industry for decades to come. For Norway, this is not only a climate issue. It is also an issue of value creation. If other European countries increasingly recognise the climate benefits of long-lived wood products and carbon storage in buildings, while Norway chooses to disregard the same effects, we risk exporting more raw materials and fewer value-added products. As a result, jobs, investments and export revenues may increasingly be transferred abroad. Byggma will continue to invest in products, technology and circular solutions that reduce climate impact and improve resource efficiency. At the same time, we believe that Norwegian authorities should seize the opportunity now before them to develop a regulatory framework that rewards documented climate benefits and reflects the full picture. Because carbon is carbon, even when it is stored in buildings. The way forward. While we cannot control market conditions, we can focus on the actions needed to outperform the market and strengthen our market position. Housing construction in the Nordic region remains well below underlying demand, creating a growing backlog that will need to be addressed over time. In recent months, housing sales have exceeded housing starts, a leading indicator of future construction activity. There are increasing signs that the market has bottomed out, although the pace of recovery remains uncertain. As conditions gradually improve, we continue to strengthen our operations and prepare for higher demand. At Byggma, we have excellent machinery and equipment, but our most valuable resource is our people. Without your dedication, Byggma would not hold the position it does today. Thank you for your efforts so far in 2026. I look forward to continuing our work together in the future! Best regards Conrad Lehne Drangsland Chief Executive Officer Interim report Q2 2026 | A word from the CEO 9
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Group Group Key Figures NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Sales revenues 600.3 592.4 1,252.8 1,228.4 2,349.0 EBITDA 38.6 36.4 115.6 113.7 209.1 Adjusted operating profit 16.3 14.4 71.6 69.7 122.4 Adjusted profit before tax (6.2) (10.4) 27.4 20.2 26.1 The Group’s sales revenues in Q2 2026 amounted to NOK 600.3 million compared to NOK 592.4 in same period in 2025, which is a NOK 7.9 million (1.3 %) increase from Q2 2025. The revenues YTD in 2026 amounted to NOK 1,252.8 million, compared to NOK 1,228.4 million in 2025. An increase of NOK 24.3 million (2.0 %). The EBITDA in Q2 was 38.6 million in 2026, compared to 36.4 million in 2025. The Group generated YTD EBITDA of NOK 115.6 million in 2026, compared with NOK 113.7 million in the same period of 2025. The adjusted operating profit in Q2 2026 was NOK 16.3 million compared to NOK 14.4 million in the same period last year. The YTD adjusted operating profit is NOK 71.6 million in 2026, compared with NOK 69.7 million in the same period of 2025. The operating profit contains non-recurring items, please see reconciliation of adjusted operating profit in Alternative Performance Measures after the notes to the interim report. From 9 March 2023 the investment in Norske Skog ASA is classified as an investment in associate and is accounted for using the equity method in accordance with IAS 28. Share of profit from associate is NOK 35.0 million YTD in 2026. See Norske Skog ASA's latest quarterly report and annual accounts for more information. The Group achieved an adjusted profit before tax YTD in 2026 of NOK 27.4 million, compared to NOK 20.2 million last year. YTD in 2026 net financials amounted to an expense of NOK 44.2 million which is NOK 5.3 million decrease in cost compared to the same period in 2025. The main reasons for the decrease in net financial expenses are increased interest rates, and changes in the value of interest rate swaps. Please see note 3 for specification of net financials. The liquidity reserve as of 30 June 2026 amounted to NOK 48.0 million, an reduction of NOK 35.5 million from 1 January 2026. The Board of Directors will maintain its focus on capital and cost- efficiency. Net interest-bearing debt have increased from NOK 1,253.8 million as of 1 January 2026 to NOK 1,259.4 million as of 30 June 2026. As of the second quarter of 2026, there were acquired loans of NOK 2.2 million. Interim report Q2 2026 | Group 10
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Investments in tangible fixed assets and intangible assets in Q2 2026 totaled NOK 42.3 million which is NOK 15.5 million lower than in 2025. Total assets increased from NOK 2,916.6 million as at 1 January 2026 to NOK 2,929.5 million as of 30 June 2026. Booked equity as of 30 June 2026 was NOK 1,057.1 million (36.1 %), which is an increase of NOK 33.7 million compared to 1 January 2026 (35.1 %). The reasons for the change in equity are due to the profit of the year of NOK 69.7 million, a currency translation difference of NOK 2.6 million and share of other comprehensive income from associate of NOK -38.6 million. Sales revenues 542542 548548 503503 574574 636636 593593 538538 583583 653653 600600 2024 2025 2026 Q1 Q2 Q3 Q4 Interim report Q2 2026 | Group 11
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EBITDA 6161 4444 5858 4949 7777 3636 6262 3434 7777 3939 2024 2025 2026 Q1 Q2 Q3 Q4 Adjusted operating profit 3939 2222 3838 2626 5555 1414 4040 1313 5555 1616 2024 2025 2026 Q1 Q2 Q3 Q4 Interim report Q2 2026 | Group 12
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Segment Information Interim report Q2 2026 | Segment Information 13
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Panels NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Sales Revenues 422,6 425,1 909,7 901,2 1667,1 Operating Profit 1,0 29,3 55,8 57,1 79,4 Change in fair value of power contracts (income “-“ – expense “+”) 8,0 -14,7 -17,0 -0,8 -2,7 Adjusted operating profit 9,0 14,6 38,8 56,3 76,7 THE PANELS SEGMENT consists of the companies Huntonit AS, Forestia AS and Smartpanel AS. In Q2 2026, the Panels segment achieved slightly lower sales revenues, and lower operating profit compared with the same period in 2025. There is continuous work to optimize operations and to maintain good discipline in the procurement process. Demand for products in the panels segment varies between the various product groups. The Board of Directors (BoD) is satisfied with sales and profitability in Q2 2026. The Board acknowledges that the low level of housing construction starts has a material negative impact on revenues and earnings within the panel segment. Management maintains a continuous focus on improvement initiatives, including developments in sales and cost efficiency. Under the prevailing market conditions, it is particularly important that the sales organization actively targets the professional market and that products are presented in the best possible manner across all building materials outlets. Interim report Q2 2026 | Segment Information 14
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Beams NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Sales Revenues 69,7 70,9 136,1 141,2 272,8 Operating Profit -0,3 -5,3 10,1 -0,7 4,9 Change in fair value electricity contracts (income «-» - cost «+») -0,3 -0,3 -1,0 0,3 -0,7 Adjusted Operating Profit -0,6 -5,6 9,1 -0,4 4,2 THE BEAMS SEGMENT consists of the company Masonite Beams AB, Masonite Beams AS and Masonite Beams Ltd. Beams have increased their market share in most markets, and we are experiencing greater acceptance for I-Beams as construction material. Sales revenues are slightly lower, and operating profit are higher in Q2 2026 than for the corresponding period in 2025. There is a focus on efficient operations to adapt to this period with lower activity in the market for new housing units. The Board of Directors (BoD) is satisfied with the sales and profit figures for Q2 2026. The Board acknowledges that sales of I-joists are directly affected by the downturn in residential construction activity. Management and the Board have a strong focus on increasing sales in existing and new markets, thereby improving capacity utilization and profitability. Interim report Q2 2026 | Segment Information 15
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Windows NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Sales Revenues 83,1 73,3 146,0 129,5 281,6 Operating Profit 5,0 1,9 8,5 1,4 9,0 THE WINDOWS SEGMENT consists of the company Uldal AS. In Q2 2026, the Windows segment achieved increased sales revenues compared with the corresponding period in 2025. The Windows segment is still facing intense competition and pricing pressure in the market. The demand for aluminum windows is increasing and Uldal meets this by increasing its production capacity for this group of windows. This is among other things achieved by the investment in a clips machine. The project will also free manpower and facilitate a more efficient production. The Board of Directors (BoD) is satisfied with the increase in sales and operating profit in Q2 2026, and acknowledges the significant improvement from the second quarter of last year. The Board acknowledges that sales have been directly impacted by the downturn in the window market, resulting in lower revenues for Uldal. Management will continue to focus on developments in sales performance and cost efficiency. Interim report Q2 2026 | Segment Information 16
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Lighting NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Sales Revenues 24,9 23,0 61,0 56,5 127,5 Operating Profit -3,2 -3,2 -1,7 -0,8 7,2 THE LIGHTING SEGMENT consists of the companies Aneta Lighting AS, Scan Lamps VTA AS in Norway and Aneta Lighting AB in Sweden. In Q2 2026, the Lighting segment achieved higher sales revenues compared with the corresponding period in 2025. The Lighting is segment is starting to see some effect from the increased efforts to penetrate the electric installations market. It is expected to see a larger effect from this going forward. The Board of Directors is satisfied with the sales revenues and operating profit in Q2 2026. Management will continue to focus on sales and cost trends. Interim report Q2 2026 | Segment Information 17
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Real Estate NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Rental Revenues* 14,3 13,6 28,6 27,8 54,9 *whereof group internal rent 11,0 10,3 21,9 21,2 41,7 Operating Profit 12,1 12,4 24,7 23,7 51,8 Change in fair value (income “-“ – expense “+”) -4,5 Adjusted Operating Profit 12,1 12,4 24,7 23,7 47,3 THE REAL ESTATE SEGMENT consists of the companies Byggma Eiendom AS, Huntonit Eiendom AS, Forestia Eiendom AS, Byggma Eiendom Lyngdal AS and Grammarholmen Fastighets AB. The segment’s rental revenues are based on lease contracts with the Group’s industrial companies except for Byggma Eiendom Lyngdal AS which has a lease contract with an external party. Please see the Real Estate overview later in this report. Interim report Q2 2026 | Segment Information 18
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Sustainability We are committed to the sustainable management of forests, ensuring that this resource is managed in a manner that remains viable across generations. Forests sequester significant amounts of carbon, and responsible stewardship of this resource, from our perspective, involves efficient resource utilization and the development of high-quality products that store carbon for several decades. At Byggma, we have a long-standing tradition of focusing on productivity and continuous improvement. Sustainability is an integral part of this work, and through active involvement of our employees and close collaboration with business partners, we ensure efficient use of resources and ongoing innovation. At the same time, this approach supports employment and a business model that creates value for society. Byggma and sustainability Interim report Q2 2026 | Sustainability 19
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New Water Treatment Facility and Upgraded WESP Process at Forestia During 2025 and 2026, Forestia implemented significant environmental and energy-efficiency initiatives at its Braskereidfoss facility. These measures included the installation of a new process water treatment system and the upgrade of the plant’s Wet Electrostatic Precipitator (WESP) process in collaboration with Valmet. The upgraded WESP facility is equipped with a new flotation unit that enhances process water management and particle separation. Together, the flotation unit and the upgraded WESP process achieve particle separation rates of 90–95%. This results in cleaner flue gases and water vapour emissions, reduced discharges to both water and air, improved separation of wood dust and other particles, lower maintenance requirements, and enhanced operational reliability and availability. Over time, the improvements are also expected to reduce operating costs. Additional investments have been made to further strengthen water quality and emission control. A new 358 m³ above-ground storage tank has been installed for the collection of wash water, which is treated using a decanter and subsequently reused in the electrostatic precipitator system. Taken together, these initiatives ensure that Forestia operates well within current emission requirements, while also positioning the company to meet more stringent regulatory standards in the future. Process Water Recycling and Heat Recovery at Forestia Forestia uses between 600 and 900 m³ of water per hour for cleaning the electrostatic filter system. The new treatment facility enables a significant proportion of this water to be recycled, resulting in a substantial reduction in both water consumption and emissions. Interim report Q2 2026 | Sustainability 20
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The treatment plant also makes it possible to recover heat from the process water at a temperature of 65°C. This contributes to lower energy costs, improved utilisation of existing processes, and a reduced need for external energy supply. The heat recovery initiative is linked to a separate Enova-supported project for which a final investment decision has not yet been made. If implemented, the recovered waste heat will be used to heat production facilities and preheat combustion air supplied to the boiler, further enhancing the plant’s overall energy efficiency. Forestia Carbon Sink – Recovered Wood As outlined in previous quarterly reports, Forestia has been developing a project to process recovered wood, converting wood waste from demolition activities into industrial-grade wood chips that can be incorporated into new wood-based products. The project will further enhance the circularity of Forestia’s particleboard products by enabling wood waste to be recycled into new materials, allowing the stored CO⯑ to remain sequestered for a longer period rather than being released through energy recovery. This supports improved utilisation of raw materials in accordance with the biomass cascade principle. The initiative also reduces supply risk by making Forestia less dependent on raw material deliveries from sawmills. Efforts to establish strong, stable, and long-term supply agreements with raw material suppliers are continuing. Reduction of Paint Waste at Uldal Uldal is evaluating an investment aimed at reducing the volume of paint waste generated from its production processes. In 2025, the company delivered 43,450 kg of paint waste for external treatment, at a processing cost of NOK 5,654 per tonne. During the period January to May 2026, 10,258 kg was delivered for treatment, at a cost of NOK 5,868 per tonne. Paint waste therefore represents both an environmental and a financial burden for the business. The solution under evaluation separates liquid and solid fractions from paint residues through filtration, sedimentation, and dewatering processes. This enables a larger share of the waste to be recycled or treated more cost-effectively, while reducing the volume of hazardous waste requiring external disposal. The initiative is considered an important environmental measure with both economic and sustainability benefits, including lower waste management costs, increased material recovery, and a reduced environmental footprint from production operations. Continued Packaging Optimisation Efforts As reported in the first quarter, Forestia is working to reduce material consumption in the packaging used for its Klikkfres product range. The initiative is progressing in collaboration with Interim report Q2 2026 | Sustainability 21
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two suppliers. Current efforts are focused on validating and finalising a technical solution that ensures sufficient operational stability. The objective is to select a final solution during the third quarter. Upon implementation, the initiative is expected to reduce cardboard consumption and overall packaging weight, increase equipment uptime, and improve the working environment for operators. Ash as a Resource Forestia continues to monitor developments related to the utilisation of ash from biomass combustion, including its potential use as a binding agent in concrete. The topic has been explored through both a bachelor’s thesis and a master’s thesis. Further development is being pursued through an external collaborative project led by Klosser Innovasjon, with participation from several regional stakeholders, including Moelven, Bergene Holm, Eidsiva Bio and Solør Bioenergi. Recent regulatory changes have opened opportunities for the material recovery of ash. However, the practical implementation of these regulations in Norway remains unclear. As a result, ongoing efforts are being directed towards regulatory authorities and policymakers to clarify the framework conditions, with the aim of enabling ash to be utilised as a resource rather than being disposed of in landfill. Strong HSE Focus During the Closure of Smartpanel’s Fredrikstad Facility In connection with the closure of the production facility, Smartpanel has established a clear objective that all dismantling, site clearance and equipment relocation activities shall be completed without personal injuries. Decommissioning work involves a different and more dynamic risk profile than normal production operations. Consequently, the process is being carried out in a controlled and structured manner, covering planning, production line shutdowns, cleaning, dismantling, transportation, storage, and final site inspections. The production lines and the Smartpanel brand are being transferred to other locations within the Byggma Group, with one of the production lines already installed and operational at Huntonit. Our objective is to complete the entire decommissioning period in a safe and controlled manner, characterised by good housekeeping, clear accountability, and zero lost-time injuries. Forestia Recognised for Social Sustainability In June, Forestia received a certificate of social sustainability from Våler Vekst in recognition of the company’s efforts to help young people enter the workforce. The award was presented during The Most Important Breakfast of the Year event in Oslo. The certificate was developed by the employer association iArbeid and is awarded by member companies to partners that Interim report Q2 2026 | Sustainability 22
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actively contribute to increasing employment opportunities through production collaboration, procurement of services, or inclusive recruitment practices. The partnership between Forestia, Våler Vekst and NAV aims to provide young adults with work experience, personal development and pathways to permanent employment. During the year, two individuals who participated in work placements and training programmes have subsequently been offered permanent positions in production at Forestia. Inclusion and social responsibility are important priorities for Byggma. We believe that valuable skills and competencies can be developed when individuals are given trust, support and genuine opportunities to succeed. Forestia will continue this work in collaboration with Våler Vekst and NAV. In addition to its social impact, these efforts provide access to skilled and motivated employees, making workforce inclusion an area that will remain a key focus for Byggma going forward. Forestia – A Company Committed to Skills Development Forestia has a long-standing tradition of supporting both apprentices and employees in obtaining vocational qualifications and is an approved training company in the disciplines of automation, electrical installation, industrial mechanics, and production technology. During the quarter, two apprentices successfully completed their trade certifications, qualifying respectively as an electrician and an industrial mechanic. In addition, the company currently has six candidates enrolled in active apprenticeship programmes. These achievements reflect the dedication of both the candidates themselves and the skilled supervisors and mentors who provide training and guidance on a daily basis. Apprenticeship Candidates at Scan Lamps VTA Earlier this year, Scan Lamps VTA became an approved training company for apprenticeship candidates and currently has two candidates enrolled in the programme. The apprenticeship candidate scheme forms part of upper secondary education and is designed for individuals working towards documented vocational competence through an individually adapted training plan, rather than a full trade certificate. The programme concludes with an assessment and the issuance of a certificate of competence. At Scan Lamps VTA, relevant training tasks may include basic sewing, production of ceiling light fixtures, and a range of other manufacturing activities. The programme strengthens the overall level of training and skills development within the company, while providing more individuals with a meaningful pathway into employment. Interim report Q2 2026 | Sustainability 23
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Outlook Byggma continuously monitors the housing market, noting lower activity in some areas but increased sales of new product launches. In the past 12 months, 14,081 housing units were sold and 15,817 commissioned, while the need has risen to 30,000 units. This gap may lead to serious supply issues and pent-up demand. Meanwhile, commercial and public building activities remain high, and the renovation and extension market is expected to grow as fewer people change residences. The significant increase in raw material costs is the main reason for lower sales and new housing unit commissions. Interest rate developments and the conflict in Ukraine may also impact market activity and prices. However, stable timber prices and the upward adjustment of the official housing unit requirement in Norway to 30,000 per year may boost demand for building materials and Byggma ASA's products in the medium and long term. Similar market trends are observed for Byggma's products outside Norway. Market developments have led to a significant increase in the cost of input factors across several segments. In response, Byggma has implemented price increases over the past two years to maintain a reasonable margin. Group management is continuously monitoring the situation to be able to implement cost reductions resulting from lower activity levels. The board of directors is continuously considering various strategic adaptations and possibilities for alliances and transactions. The goal is to strengthen Byggma’s position in the Nordic building materials market. To ensure further growth, investment in the sale of the Group’s products outside Norway is an important part of Byggma’s strategy. Innovation and technological development are vital components of the Group's growth strategy, driven by a forceful determination to invest in essential equipment and expertise to maintain its position as a leading player in the Nordic building materials market in the future. Byggma Group is firmly focused on achieving efficiency, dominance, and profitability. Byggma is well positioned for implementing its enhancement processes for maintaining its position as a leading, efficient producer of building products. Several major investments have been made to streamline our processes. New investments in equipment have also been decided and this will enable greater efficiency. In principle, Byggma will be directing its investments toward digitization and automation of the production processes, including the environment and sustainability. As per 27 August 2026 Byggma ASA owns ca. 20.6 % of the share capital in Norske Skog ASA. Together with related party Drangsland Kapital AS, Byggma controls ca. 26.8% of the share capital and voting rights in Norske Skog. Interim report Q2 2026 | Outlook 24
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It is an important part of Byggma’s strategy to strengthen its position as a leading original brand manufacturer of environmentally friendly and sustainable products in the Nordic building materials market. It is the Board’s opinion that completed adjustments and cost reductions entails that the group is well positioned and well prepared to tackle future challenges. Byggma Group has a stable and highly competent work force and the supply for manpower is good. The group aims to be an attractive employer. We will continue to focus on ensuring that all employees in the Group can realize their human potential through their employment at Byggma. Vennesla August 27th 2026 The Board of Directors of BYGGMA ASA Geir Drangsland Chair of the board Dagfinn Eriksen Kenneth Berntsen Torbjørn Østebø Terje Gunnulfsen Liv Anne Drangsland Holst Hege Aarli Klem Terje Sagbakken Conrad Lehne Drangsland CEO Interim report Q2 2026 | Outlook 25
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“Through TEK17, NS 3720, climate accounting frameworks and the EPD system, Norwegian authorities have a historic opportunity to shape material choices throughout the construction sector.” CEO Conrad Lehne Drangsland Interim report Q2 2026 | Outlook 26
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Consolidated Income Statement NOK million Note nr. IFRS Q2 2026 IFRS Q2 2025 IFRS YTD Q2 2026 IFRS YTD Q2 2025 IFRS 2025 Sales revenues 11 600.3 592.4 1252.8 1228.4 2,349.0 Other operating revenues 5.6 6.2 14.0 12.0 25.2 Cost of goods and manufacturing costs -330.6 -321.0 -681.0 -663.1 -1,188.7 Payroll expenses -145.1 -133.7 -285.4 -266.2 -509.3 Depreciation and write-downs 2 -22.2 -22.0 -44.0 -44.0 -86.7 Freight and complaints costs -45.6 -52.1 -92.3 -98.4 -184.7 Marketing costs -18.0 -17.5 -39.8 -38.6 -103.7 Other losses/gains 12, 13 -0.6 14.0 42.3 9.8 21.1 Other operating costs -35.1 -37.0 -77.0 -69.7 -192.0 Operating profit/loss 11 8.7 29.4 89.6 70.2 130.3 Share of profit from associate 12 -33.8 16.2 35.0 98.6 83.3 Net financials (income "+" - expenses "-") 3 -22.6 -24.8 -44.2 -49.5 -96.3 Profit/loss before tax -47.7 20.9 80.4 119.4 117.3 Tax expenses 5 2.7 -2.0 -10.7 -5.6 -9.0 Profit/loss -45.0 18.9 69.7 113.7 108.3 TOTAL COMPREHENSIVE INCOME Profit/loss -45.0 22.1 69.7 116.9 108.3 Currency translation difference -5.1 0.5 2.6 2.2 -3.5 Share of other comprehensive income from associate 8.0 31.4 -38.6 2.9 6.1 Total profit for the period/year -42.1 54.0 33.7 122.0 110.9 Allocated to Shareholders -42.1 54.0 33.7 122.0 110.9 Total allocated to shareholders -42.1 54.0 33.7 122.0 110.9 Earnings per share (NOK per share): Earnings per share allocated to the company's shareholders -0.65 0.32 1.00 1.67 1.55 Total profit per share allocated to the company's shareholders -0.60 0.77 0.48 1.75 1.59 Interim report Q2 2026 | Consolidated Income Statement 27
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Consolidated Balance Sheet NOK million Note no. IFRS 30 June 2026 IFRS 30 June 2025 IFRS EOY 2025 Assets Non-current assets Tangible fixed assets 2 818.6 792.0 825.3 Investment property 161.5 157.0 161.5 Intangible assets 2 14.1 16.4 15.2 Deferred tax assets 5 1.9 1.7 1.3 Long-term derivatives and power contracts 6 11.9 13.3 17.0 Investment in associate (financial investment before 9 March 2023) 12 1,243.6 1,259.0 1,247.0 Other long-term receivables 0,0 0.3 0.1 Total non-current assets 2,251.6 2,239.6 2,267.4 Current assets Inventories 394.7 416.1 393.0 Customer and other short-term receivables 236.7 412.1 205.4 Short-term derivatives and power contracts 6 37.8 15.9 14.5 Cash and cash equivalents 8.7 27.6 36.4 Total current assets 677.9 871.7 649.2 Total assets 2,929.5 3,111.3 2,916.6 Equity Shareholder's equity Share capital and share premium 4 52.7 52.7 52.7 Other equity not recognised in P&L -9.3 31.7 28.7 Retained earnings 1,013.8 950.1 942.1 Total equity 1,057.1 1,034.5 1023.5 Liabilities Non-current liabilities Long-term loans 10 746.8 797.9 784.1 Long-term leasing obligations 10 41.4 52.0 44.5 Deferred tax 5 111.0 106.0 106.7 Total non-current liabilities 899.2 955.9 935.3 Current liabilities Trade payables and other current liabilities 493.2 496.0 488.9 Tax payable 5 0,0 7.5 7.4 Short-term loans 10 460.5 597.0 443.6 Short-term leasing obligations 10 19.4 20.4 18.0 Total current liabilities 973.1 1,120.9 957.9 Total liabilities 1,872.3 2,076.8 1,893.2 Total equity and liabilities 2,929.5 3,111.3 2,916.6 Of which net interest-bearing debt (long-term and short-term) incl. leasing obligations and sale leaseback 10 1,259.4 1,439.9 1,253.8 Of which net interest-bearing debt (long-term and short-term) ex. leasing obligations and sale leaseback 10 970.0 1,133.3 951.9 Interim report Q2 2026 | Consolidated Balance Sheet 28
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Consolidated Statement of Changes in Equity NOK million Equity allocated to the company's shareholders (IFRS) Note no. Share capital and share premium Other equity not recognised in P&L Retained earnings Total As at 31 December 2024 52.7 26.0 833.8 912.5 Currency translation difference 0,0 2.8 -0.6 2.2 Profit of the period 0,0 0,0 116.9 116.9 Share of other comprehensive income from associate 12 0,0 2.9 0,0 35.1 As at 30 June 2025 52.7 31.7 950.1 1,034.5 Currency translation difference 0,0 -6.3 0.6 -5.8 Profit of the period 0,0 0,0 -8.6 -8.6 Share of other comprehensive income from associate 0,0 3.3 0,0 3.3 As at 31 December 2025 52.7 28.7 942.1 1,023.4 Currency translation difference 0,0 0.7 2.0 2.6 Profit of the period 0,0 0,0 69.7 69.7 Share of other comprehensive income from associate 12 0,0 -38.6 0,0 -38.6 As at 30 June 2026 52.7 -9.3 1,013.8 1057.1 Interim report Q2 2026 | Consolidated Statement of Changes in Equity 29
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Consolidated Statement of Cash Flows NOK million Note no. IFRS 30 June 2026 IFRS 30 June 2025 IFRS EOY 2025 Cash flow from operations Cash flow from operations 75.0 34.9 329.2 Interest paid -34.7 -38.7 -80.3 Interest received 0.2 0.1 1.3 Taxes paid -8.5 -6.5 -6.0 Net cash flow from operations 31.9 -10.2 244.2 Cash flow from investment activities Purchase of tangible fixed assets 2 -41.7 -37.1 -87.2 Sale of tangible fixed assets 0.6 0.0 0.3 Purchase of intangible assets 2 -0.6 -0.5 -1.0 Loans granted to related parties 0,0 0,0 -0.7 Net cash flow used for investment activities -41.7 -37.6 -88.6 Cash flow from financing activities Adjustment of overdraft facility 23.4 39.2 -96.4 Uptake of loans 2.2 11.6 6.3 Repayment of loans -42.4 -27.3 -81.4 Loan from related parties 0,0 0,0 0,0 Net cash flow used for financing activities -16.8 23.5 -171.6 Adjustment to cash, cash equivalents -26.6 -24.3 -16.0 Cash and cash equivalents as per 1 January 36.4 51.4 51.4 Effect of exchange rate gain/(loss) on cash and cash equivalents -1.1 0.4 0.9 Cash and cash equivalents at the end of the period 8.7 27.6 36.4 This consists of: Bank deposits and similar 8.5 15.3 19.8 Restricted bank deposits 0.3 12.3 16.6 Cash and cash equivalents at the end of the period 8.7 27.6 36.4 Unused overdraft facility/drawing rights 39.5 47.7 63.7 Liquidity reserve 48.0 62.9 83.5 Profit Before Tax per Quarter NOK million IFRS 2026 IFRS 2025 IFRS 2024 IFRS 2023* IFRS 2022* Profit/loss for Q1 128.2 98.5 -113.9 -122.3 98.9 Profit/loss for Q2 -47.7 20.9 58.3 41.5 280.7 Profit/loss for Q3 66.9 -26.8 3.8 321.2 Profit/loss for Q4 -68.9 -190.4 108.5 -171.4 SUM 80.5 117.3 -272.8 31.3 529.4 *Financials for 2023 and 2022 have been restated following a change in accounting of power contracts. Former years are stated as previously. Interim report Q2 2026 | Consolidated Statement of Cash Flows 30
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Notes to the Consolidated Financial Statements Note 1 General Information Byggma ASA is domiciled in Norway. The head office is in Vennesla. Byggma ASA is listed on the Oslo Stock Exchange. The Group’s main area of business is the production and sale of building products to the Scandinavian and Northern European markets. In Norway, the products are sold through our own nationwide sales apparatus; abroad, sales work is handled partly by subsidiaries and partly by distributors. The product range is mainly produced by the group’s seven production units. These production units are located in Norway and Sweden. In addition to products produced within the Group, Byggma ASA also sells products for resale. Byggma Group reports in accordance with IFRS Accounting Standards® as approved by EU. This quarterly report has been prepared in accordance with IFRS Standard for interim reporting (IAS 34). The report should be viewed in conjunction with the annual report for 2025 and with reference to the accounting policies specified therein. The quarterly report has not been audited. Note 2 Tangible Fixed Assets and Intangible Assets (NOK million) YTD 2026 YTD 2025 2025 Investments 42.3 57.8 109.1 Depreciations and write downs -44.0 -44.0 -86.7 Note 3 Net Financial Items (NOK million) IFRS Q2 2026 IFRS Q2 2025 IFRS YTD Q2 2026 IFRS YTD Q2 2025 IFRS 2025 Change in market value, derivatives -1.0 -2.7 0.2 -3.5 -4.0 Received (+) / paid (-) interest rate swap 0.9 1.2 1.8 2.6 4.8 Interest expenses leasing agreements -0.8 -0.9 -1.5 -1.8 -3.3 Net interest income (+) / interest expenses (-) -19.8 -23.9 -39.7 -47.6 -91.2 Other financial income (+) / expenses (-) -1.9 1.5 -4.9 0.8 -2.5 Net financials (income ”+” - expenses ”-”) -22.6 -24.8 -44.2 -49.5 -96.3 Note 4 Share Capital (NOK million) Number of shares (in thousands) Ordinary shares Share premium Own shares Sum As at 31 December 2024 69,819 18.2 34.6 0.0 52.7 As at 30 June 2025 69,819 18.2 34.6 0.0 52.7 As at 31 December 2025 69,819 18.2 34.6 0.0 52.7 As at 30 June 2026 69,819 18.2 34.6 0.0 52.7 Interim report Q2 2026 | Notes to the Consolidated Financial Statements 31
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Note 5 Tax Description For the full year, we calculate and book actual tax, while for the interim accounts we use nominal tax rates per company per country. Deferred tax/deferred tax assets are based on the tax rate in the relevant countries. Note 6 Derivative Financial Instruments (NOK million) 30 June 2026 30 June 2025 31 December 2025 Assets Interest rate swaps - long-term 7.5 8.1 7.4 Power contracts - long-term 36.5 5.1 9.6 Interest rate swaps - short-term 1.3 1.0 1.3 Power contracts - short-term 4.4 14.9 13.2 Total financial derivatives - assets 49.7 29.2 31.5 Liabilities Total derivative financial instruments - liabilities 0,0 0,0 0,0 Note 7 Contingencies Provisions made in the accounts based on contingent events after the balance sheet date are insignificant. Note 8 Related Parties Geir Drangsland and related parties as of 27 August 2026 control 88,70 % of the share capital in Byggma ASA. Note 9 Subsequent Events There are no significant subsequent events. Note 10 Loans (NOK million) 30 June 2026 30 June 2025 31 December 2025 Long-term loans Bank loans 416.8 471.0 443.3 Subordinated loan from related parties 101.4 92.8 101.4 Long-term liability from sale leaseback* 228.6 234.1 239.4 Lease liabilities 41.4 52.0 44.5 Total long-term loans 788.2 849.9 828.6 Short-term loans Overdraft facility 220.7 332.9 197.3 Bank loans 214.5 240.9 220.9 Subordinated loan from related parties 25.4 23.2 25.4 Lease liabilities 19.4 20.4 18.0 Total short-term loans 479.9 617.4 461.6 Total loans 1,268.1 1,467.4 1,290.2 Interim report Q2 2026 | Notes to the Consolidated Financial Statements 32
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* The liability from sale leaseback relates to the sale of Birkeland Eiendom AS and Masonite Fastighet AB. They were sold during the autumn of 2022. The transaction is booked as a sale leaseback in accordance with IFRS 9 as it is likely that the companies will be purchased back through a put/call structure in the autumn of 2042. The related properties are continued in the consolidated financial statements. Byggma ASAs subsidiaries Uldal AS and Masonite Beams AB rents the related properties in Birkeland Eiendom AS and Masonite Fastighet AB respectively for their production of windows and I-Beams. The rental agreements run for 20 years and Uldal AS and Masonite Beams AB have an option to prolong the agreements for 10 years at a time after that. The rent is classified as interest expense in the consolidated financial statements. Note 11 Segment information (NOK million) Net Sales Revenues IFRS Q2 2026 IFRS Q2 2025 IFRS YTD Q2 2026 IFRS YTD Q2 2025 IFRS 2025 Panel sales to external customers 422.6 425.1 909.7 901.2 1,667.1 Beams sales to external customers 69.7 70.9 136.1 141.2 272.8 Window sales to external customers 83.1 73.3 146.0 129.5 281.6 Lighting sales to external customers 24.9 23.0 61.0 56.5 127.5 NET SALES REVENUES FOR THE GROUP 600.3 592.4 1252.8 1228.4 2,349.0 Operating Profit IFRS Q2 2026 IFRS Q2 2025 IFRS YTD Q2 2026 IFRS YTD Q2 2025 IFRS 2025 Panels 1.0 29.3 55.8 57.1 79.4 Beams -0.3 -5.3 10.1 -0.7 4.9 Windows 5.0 1.9 8.5 1.4 9.0 Lighting -3.2 -3.2 -1.7 -0.8 7.2 Real Estate 12.1 12.4 24.7 23.7 51.8 Byggma joint/eliminations -6.1 -5.8 -7.7 -10.5 -22.2 OPERATING PROFIT FOR THE GROUP 8.7 29.4 89.6 70.2 130.3 Net Sales Revenues by Country IFRS Q2 2026 IFRS Q2 2025 IFRS YTD Q2 2026 IFRS YTD Q2 2025 IFRS 2025 Norway 420.9 384.9 856.2 789.4 1,543.3 United Kingdom 8.9 9.3 15.5 18.4 35.0 Sweden 101.0 129.8 242.3 280.3 517.9 Finland 1.2 1.5 3.0 3.9 7.9 Denmark 26.7 24.2 53.6 48.3 83.7 The Netherlands 24.5 21.7 43.8 41.6 80.7 Other 17.1 21.0 38.4 46.5 80.5 NET SALES REVENUES FOR THE GROUP 600.3 592.4 1252.8 1228.4 2,349.0 Interim report Q2 2026 | Notes to the Consolidated Financial Statements 33
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Note 12 Associated Company (NOK million) Norske Skog ASA Norske Skog ASA Q2 2026 Norske Skog ASA Q4 2025 Real interest held 20.55 % 20.55 % Income statement and statement of comprehensive income Operating revenues 5,461.0 10,482.0 EBITDA* 525.0 769.0 Profit (loss) after tax 170.0 404.0 Other comprehensive income -188.0 31.0 Total comprehensive income -18.0 435.0 Share of profit (loss) before tax 34.9 83.3 Gain related to reverse dilution 0,0 0,0 Share of profit (loss) from associate in P&L 34.9 83.3 Share of other comprehensive income -38.6 6.2 Share of comprehensive income -3.7 89.4 *EBITDA as defined in Norske Skog ASA Alternative Performance Measures Balance sheet 30 June 2026 Non-current assets 10,039 Current assets 4,139 Non-current liabilities 4,642 Current liabilities 3,735 Net assets (total equity) 5,801 Share of net assets (total equity) 1,192 Goodwill 51 Carrying amount 1,243 In 2023, Byggma achieved a pivotal position in Norske Skog ASA, leading to a transition in accounting practices from financial investment as per IFRS 9 to the application of the equity method in accordance with IAS 28. For further details, please refer to Byggma's annual report for the year 2023. Note 13 Other gains/losses (NOK million) IFRS Q2 2026 IFRS Q2 2025 IFRS YTD Q2 2026 IFRS YTD Q2 2025 IFRS 2025 Reclassification agio/disagio 0,0 -1.0 8.8 1.1 -3.2 Change in fair value of investment property 0,0 0,0 0,0 0,0 4.5 Change in fair value of power contracts 9.4 15.0 48.8 0.5 3.4 Realised gain on hedging of power -10.0 0.0 -15.3 8.2 16.4 Other losses/gains (NOK million) -0.6 14.0 42.3 9.8 21.1 Interim report Q2 2026 | Notes to the Consolidated Financial Statements 34
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Definitions / Alternative Performance Measures Alternative Performance Measures are used to provide the users of this report with more consistent measurement of operating performance and other relevant key performance indicators frequently used by stakeholders. Key Figures Definition EBITDA Operating profit (loss) before depreciation, write downs, gain/loss on forward contracts on share purchase, and change in fair value of power contracts, and investment property Adjusted operating profit Operating profit adjusted for special items to better reflect a more normalised operating profit and value creation Adjusted profit before tax Adjusted operating profit after net financials Liquidity reserve Bank deposits (ex. Restricted cash deposits) + unused overdraft facilities Profit margin Profit or loss after tax divided by sales revenues Interest bearing debt Interest bearing loans + leasing obligations + bank overdrafts Net interest bearing debt Interest bearing loans + leasing obligations + bank overdrafts - cash and cash equivalents NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Reported operating profit 8.7 29.4 89.6 70.2 130.3 Change in fair value of power contracts (income "-" - expense "+") 7.6 (15.0) (18.0) (0.5) (3.4) Write down of investment property (income "-" - expense "+") - - - - (4.5) Adjusted operating profit 16.3 14.4 71.6 69.7 122.4 NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Adjusted operating profit 16.3 14.4 71.6 69.7 122.4 Depreciation (income "-" - expense "+") 22.2 22.0 44.0 44.0 86.7 EBITDA 38.6 36.4 115.6 113.7 209.1 NOK million Q2 2026 Q2 2025 YTD Q2 2026 YTD Q2 2025 2025 Adjusted operating profit 16.3 14.4 71.6 69.7 122.4 Net financials (income "+" - expense "-") (22.6) (24.8) (44.2) (49.5) (96.3) Adjusted profit before tax (6.2) (10.4) 27.4 20.2 26.1 Interim report Q2 2026 | Definitions / Alternative Performance Measures 35
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Real Estate As of 30 June 2026, Byggma ASA owns approximately 117,000 m2 of building stock. A significant portion of Byggma’s assets consists of buildings and factories. Ownership entails accountability. We place strict demands on ourselves when it comes to managing buildings - both in maintaining the values the buildings represent and to preserving them in the best possible condition. Byggma Group will take good care of all its properties and their premises – now and in the future. Masonite Beams AS Production facilities: 1,149 m² Storage capacity: 469 m² Offices:: 218 m² Site area owned: 9,707 m² Year of construction: 1983–2002 Municipality: Rana, Norge Huntonit Eiendom AS Yearly rental income (NOK thousand): 17,131 Production facilities: 19,664 m² Storage capacity: 8,100 m² Offices: 1,430 m² Site area owned: 78,112 m² Floor area: 30,171 m² Year of construction: 1948–1988 and 2016 Municipality: Vennesla, Norway Forestia Eiendom AS Yearly rental income (NOK thousand): 23,097 Production facilities: 21,079 m² Storage capacity: 18,655 m² Offices: 3,961 m² Site area owned: 321,460 m² Floor area: 43,695 m² Year of construction: 1969–1987 and 1997 Municipality: Våler, Norway Interim report Q2 2026 | Real Estate 36
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Byggma Eiendom Lyngdal AS Yearly rental income (NOK thousand): 13,161 Production facilities: 16.397 m² Offices: 1,666 m² Site area owned: 37,377 m² Floor area: 18.063 m² Year of construction: 2007 and 2017 Municipality: Lyngdal, Norway Interim report Q2 2026 | Real Estate 37
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Contact Information Huntonit AS Post Box 21, 4701 Vennesla Tel. +47 38 13 71 00 Comp. reg. no. 914 801 958 huntonit.no Forestia AS Braskereidfoss, 2435 Braskereidfoss Tel. +47 38 13 71 00 E-mail Comp. reg. no. 981 393 961 forestia.no Smartpanel AS Habornveien 50, 1630 Gamle Fredrikstad Tel. +47 69 92 19 20 E-mail Comp. reg. no. 921 075 197 smartpanel.no Uldal AS Post Box 98, 4795 Birkeland Tel. +47 38 13 71 00 E-mail Comp. reg. no. 947 895 788 uldal.no Masonite Beams AS Håndverkergata 3, 8610 Mo i Rana Tel. +47 38 13 71 00 E-mail Comp. reg. no. 925 357 065 masonite.no Masonite Beams AB Box 5, 914 29 Rundvik, Sverige Tel. +46 (0)930 142 00 E-mail Comp. reg. no. 556288-8060 masonitebeams.se Masonite Beams Ltd PO Box 99, Bury St Edmunds, IP28 9DD, UK Tel. +46 (0)930 142 00 E-mail Masonitebeams.co.uk Interim report Q2 2026 | Contact Information 38
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Aneta Lighting AB Lagergatan 3, Box 3064, 350 33 VÄXJÖ Sverige Tel. +46 (0)470 778400 E-mail Comp. reg. no. 556291-0264 aneta.se Aneta Lighting AS Post Box 4663 Grim, 4673 Kristiansand Tel. +47 38 13 71 00 E-mail Comp. reg. no. 953 832 488 aneta.no Byggma ASA, PO 21, 4701 Vennesla, Norway Tel.+47 38 13 71 00 - E-mail: byggma@byggma.no - Comp. reg. no. 979 165 285 https://www.byggma.no/ Interim report Q2 2026 | Contact Information 39