Borregaard (OSL: BRG) financial statements
The consolidated income statement, balance sheet and cash flow statement of Borregaard for its last 6 fiscal years, as filed with the regulator, in millions of Norwegian kroner. At the end of fiscal 2025 it had NOK 9,670m in total assets and NOK 5,853m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | NOK 7,713m | NOK 7,617m | NOK 7,132m | NOK 6,881m | NOK 5,805m | NOK 5,328m |
| Operating profit | NOK 1,287m | NOK 1,283m | NOK 1,291m | NOK 1,186m | NOK 952.0m | NOK 568.0m |
| Finance costs | NOK 486.0m | NOK 548.0m | NOK 567.0m | NOK 410.0m | NOK 306.0m | NOK 593.0m |
| Profit before tax | NOK 864.0m | NOK 1,079m | NOK 1,124m | NOK 1,118m | NOK 873.0m | NOK 496.0m |
| Income tax | NOK 264.0m | NOK 250.0m | NOK 268.0m | NOK 267.0m | NOK 213.0m | NOK 117.0m |
| Net profit | NOK 620.0m | NOK 823.0m | NOK 870.0m | NOK 892.0m | NOK 692.0m | NOK 436.0m |
| Earnings per share | NOK 6.22 | NOK 8.25 | NOK 8.73 | NOK 8.95 | NOK 6.95 | NOK 4.38 |
| Diluted earnings per share | NOK 6.22 | NOK 8.25 | NOK 8.71 | NOK 8.92 | NOK 6.94 | NOK 4.37 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | NOK 9,670m | NOK 9,584m | NOK 9,115m | NOK 8,114m | NOK 7,166m | NOK 7,003m |
| Current assets | NOK 3,128m | NOK 3,021m | NOK 3,117m | NOK 2,920m | NOK 2,023m | NOK 2,145m |
| Inventories | NOK 1,521m | NOK 1,498m | — | — | — | — |
| Property, plant and equipment | NOK 5,255m | NOK 5,026m | NOK 4,661m | NOK 4,371m | NOK 4,191m | NOK 3,973m |
| Cash | NOK 91.0m | NOK 82.0m | NOK 469.0m | NOK 234.0m | NOK 124.0m | NOK 207.0m |
| Current liabilities | NOK 1,681m | NOK 1,869m | NOK 1,804m | NOK 2,004m | NOK 1,283m | NOK 1,553m |
| Equity | NOK 5,853m | NOK 5,041m | NOK 4,855m | NOK 4,394m | NOK 4,222m | NOK 3,668m |
| Equity including minorities | NOK 5,878m | NOK 5,090m | NOK 4,894m | NOK 4,445m | NOK 4,306m | NOK 3,778m |
| Minority interests | NOK 25.0m | NOK 49.0m | NOK 39.0m | NOK 51.0m | NOK 84.0m | NOK 110.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | NOK 1,356m | NOK 1,068m | NOK 1,563m | NOK 735.0m | NOK 1,431m | NOK 886.0m |
| Investing cash flow | −NOK 907.0m | −NOK 842.0m | −NOK 829.0m | −NOK 455.0m | −NOK 692.0m | −NOK 489.0m |
| Financing cash flow | −NOK 459.0m | −NOK 679.0m | −NOK 415.0m | −NOK 202.0m | −NOK 837.0m | −NOK 381.0m |
| Dividends paid | NOK 424.0m | NOK 374.0m | NOK 324.0m | NOK 499.0m | NOK 249.0m | NOK 229.0m |
Where each figure comes from
From the annual report Borregaard files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Borregaard page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.