Borregaard ASA

Borregaard ASA

BRGAY
Borregaard ASAUS flagOther OTC
35.15
USD
- -
- -
876.36MMarket Cap
Borregaard ASA
BRGAY
(Other OTC)

Recent

price

35.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
69.22
76.2
77.88
76.44
76.96
81.5
87.82
90.44
94.1
99.02
104.96
114.76
135.91
140.89
150.49
152.04
119.1
Revenue per Share
3.6
6.34
5.52
6.7
6.68
7.72
11.1
11.32
9.52
8.34
8.76
13.9
17.89
17.45
16.51
12.44
-0.52
Basic EPS, GAAP
4.94
5.7
3.26
4.76
5.74
2.66
9.18
-3.76
-4.08
2.28
7.69
17.57
5.44
17.97
7.16
11.29
12.39
Free Cash Flow per Basic Share
12.18
2.98
-6.2
2
2.18
2.48
2.98
6.98
3.98
4.48
4.6
5
10.01
6.5
7.5
8.5
9.51
Dividend per Share
9.98
10.74
16.91
18.71
19.56
20.66
26.88
29.03
31.37
33.18
36.82
42.4
44.13
48.76
50.64
58.69
56.09
Book Value per Share
9.22
10.02
16.52
18.13
18.79
19.29
25.63
27.92
30.37
32.25
35.96
41.5
43.31
47.92
49.75
57.9
55.36
Tangible Book Value per Share
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
Basic Weighted Avg Shares
3,461
3,810
3,894
3,822
3,848
4,075
4,391
4,522
4,705
4,951
5,227
5,715
6,776
7,024
7,502
7,580
5,952
Sales/Revenue/Turnover
8.18
13.91
13.94
12.74
12.63
12.17
15.55
16.48
12.24
11.82
13.09
16.66
17.62
18.38
17.5
16.98
14.99
Operating Margin (%)
206
205
265
231
244
269
278
316
327
432
449
420
449
490
561
591
456
Depreciation Expense
180
317
276
335
334
386
555
566
476
417
436
692
892
870
823
620
-26
Net Income, GAAP
29.23
29.67
33.81
28.04
22.79
24.11
23.62
21.96
24.38
24.84
23.59
24.4
23.88
23.84
23.17
30.56
121.66
Effective Tax Rate (%)
5.2
8.32
7.09
8.77
8.68
9.47
12.64
12.52
10.12
8.42
8.34
12.11
13.16
12.39
10.97
8.18
-0.44
Profit Margin (%)
1,092
1,126
807
621
666
785
705
568
654
502
592
740
916
1,313
1,152
1,447
1,372
Working Capital
1,862
1,788
992
774
784
802
525
743
1,115
1,419
1,381
1,320
1,370
2,016
2,035
1,718
1,646
LT Debt
1,014
1,088
1,702
1,856
1,949
2,061
2,713
2,996
3,321
3,464
3,778
4,306
4,445
4,894
5,090
5,878
5,610
Total Equity
7.02
12.68
12.49
12.54
13.29
12.9
16.12
15.08
9.57
8.36
9
11.9
14.06
13.81
13.36
11.16
-2.41
Return on Invested Capital (%)
7.55
12.88
11.47
13.84
13.45
14.56
18.6
16.13
12.7
10.61
9.82
13.25
16.17
14.84
13.25
9.73
-0.37
Return on Capital (%)
15.43
30.6
19.96
18.94
17.63
19.31
23.44
20.33
15.83
12.97
12.5
17.54
20.71
18.81
16.63
11.38
-0.46
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
463
454
620
LT Borrowings
1,718
1,737
1,646
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
35,363
34,048
34,671

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,128
3,474
3,205
Cash, Cash Equivalents & STI
90
61
125
Accounts Receivable, Net
1,095
1,757
1,684
Inventories
1,521
1,472
1,396
Total Current Liabilities
1,681
1,659
1,833
Payables & Accruals
- -
- -
- -
ST Debt
463
454
620
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.31%
9.36%
15.48%
Free Cash Flow
48.03%
57.52%
57.7%
Net Income, GAAP
7.71%
11.02%
-24.67%
Sales/Revenue/Turnover
6.5%
7.88%
1.04%
Total Cash Common Dividend
22.91%
20.57%
13.37%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,975
1,949
1,949
1,744
7,502
2025
2,036
2,045
- -
1,833
7,580
2026
2,005
2,114
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.01
4.9
5.02
2.6
16.51
2025
5.03
5.12
- -
-1.62
12.44
2026
3.65
-2.54
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
7.51
- -
- -
7.5
2025
- -
8.51
- -
- -
8.5
2026
- -
9.5
- -
- -
- -
Business
Borregaard ASA is a Norway-based biorefinery and specialty chemicals company founded in 2012 and headquartered in Sarpsborg, Norway. The company develops, produces, and markets advanced and sustainable biochemicals and biomaterials derived from renewable raw materials. Its main product portfolio includes lignin-based biopolymers and biovanillin used in agrochemicals, batteries, industrial binders, and construction; specialty cellulose used as raw material for cellulose ethers and cellulose acetate; cellulose fibrils; fine chemicals including pharmaceutical intermediates and water-free bioethanol with an annual production capacity of 20 million liters; and other bio-based solutions supporting various industrial applications. Borregaard serves a global customer base across Europe, Asia, and other regions through three business segments: BioSolutions, BioMaterials, and Fine Chemicals. In recent years, Borregaard has focused on strategic expansion and specialization, including investments to reduce CO2 emissions, improve energy efficiency, and increase production capacity by 5-10% expected from mid-2026. The company participates actively in capital raising for allied marine biotech firms and has entered partnerships and convertible loan agreements to support innovative growth opportunities. Operational changes include specialization projects within BioSolutions and temporary production disruptions in specialty cellulose production while prioritizing higher-margin applications. Borregaard also reinforces a commitment to sustainability, with ongoing initiatives to reduce carbon footprint and enhance renewable product offerings. These efforts have supported a stable EBITDA performance around NOK 1.8 billion in 2024 despite macroeconomic challenges, with ongoing investments aimed at strengthening competitive advantages and improving facility flexibility. Borregaard operates primarily in the specialty chemicals and biomaterials industry, targeting customers in agriculture, pharmaceuticals, construction, food and beverages, and industrial manufacturing. The company’s unique wood-based sulphite pulping process, protected by intellectual property rights, underpins its competitive position in producing sustainable bio-based chemicals and materials. Borregaard maintains a strong financial profile with active risk management and a focus on sustainable value growth while expanding its footprint in global markets through organic growth and selective strategic investments. Borregaard ASA is publicly listed on the Oslo Stock Exchange under the ticker BRG and has an unsponsored American Depositary Receipt (ADR) program trading under BRGAY in the U.S. The company maintains high operational and environmental standards in line with its strategy to be a leading provider of sustainable biochemicals and biomaterials globally. This comprehensive description integrates Borregaard's core products and services, recent strategic and operational developments, industry positioning, geographic scope, and financial framework as of late 2025.

Company News

APIChatGPT
  • Borregaard ASA (BRGAY) Q2 2026 Earnings Call Transcript

  • Borregaard ASA (BRGAY) Discusses BioSolutions Outlook, Market Uncertainty, and Product Mix Ahead of Q2 Close Transcript