Saga Pure: Third quarter 2024 financial results

(Oslo, 6 November 2024) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss in the third quarter 2024 of NOK 15 million, giving a return on equity of 1.5 percent year to date.  Saga Pure is, with no interest-bearing debt and a substantial cash holding, well positioned to pursue new investment opportunities going forward.  Saga Pure continues to invest in line with the broadened mandate, but with a focus on capital discipline, cautious investment approach and selective investments.

For the third quarter 2024, Saga Pure reported a net loss of NOK 15 million. In the third quarter, the Company had a loss on short term investments of NOK 18.1 million. The sale of the shares in Heimdall Power was completed, however, the transaction had no effect on the profit and loss for the quarter. At end of third quarter, Saga Pure had short term investments valued at NOK 82.9 million, a decrease from 304.3 million at end of second quarter.

Saga Pure had a net gain on financial items of NOK 5.6 million as a result of interest income from loans, bonds and bank deposits. Third quarter of 2024 ended with a return on equity of 1.5 percent year to date with NOK 765 million in cash and no debt.

The Board of Directors’ report is enclosed.

ENDS

For additional information, please contact:

Espen Lundaas, CEO, +47 924 31 417

Tore Jakob Berg, CFO, +47 934 80 202

About Saga Pure | www.sagapure.com

Saga Pure ASA is an investment company with a broad investment mandate.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas, CEO, Saga Pure ASA, on 6 November 2024 at 07:30 CET.