Borregaard ASA

Borregaard ASA

BRRDF
Borregaard ASAUS flagOther OTC
19.18
USD
- -
- -
1.92BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
38.22
38.48
40.75
43.91
45.22
47.05
49.51
52.48
57.38
67.96
70.44
75.25
76.02
58.94
Basic EPS, GAAP
3.35
3.34
3.86
5.55
5.66
4.76
4.17
4.38
6.95
8.95
8.73
8.25
6.22
3.57
Free Cash Flow per Basic Share
2.38
2.87
1.33
4.59
-1.88
-2.04
1.14
3.85
8.79
2.72
8.99
3.58
5.65
2.63
Dividend per Share
1
1.09
1.24
1.49
3.49
1.99
2.24
2.3
2.5
5
3.25
3.75
4.25
4.25
Book Value per Share
3.09
4.58
7.15
10.81
11.85
13.04
14.34
15.85
19.12
22.35
26.91
30.43
32.09
- -
Tangible Book Value per Share
17.99
18.72
19.24
25.88
28.85
32.21
33.71
37.07
42.34
43.76
48.24
50.17
58.16
62.65
Basic Weighted Avg Shares
100
100
100
100
100
100
100
100
100
100
100
100
100
100
Sales/Revenue/Turnover
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
5,883
Operating Margin (%)
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
15.35
Depreciation Expense
231
244
269
278
316
327
432
449
420
449
490
561
591
452
Net Income, GAAP
335
334
386
555
566
476
417
436
692
892
870
823
620
356
Effective Tax Rate (%)
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
35.61
Profit Margin (%)
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
6.05
Working Capital
621
666
785
705
568
654
502
592
740
916
1,313
1,152
1,447
1,815
LT Debt
774
784
802
525
743
1,115
1,419
1,381
1,320
1,370
2,016
2,035
1,718
1,737
Total Equity
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
6,325
Return on Invested Capital (%)
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
7
Return on Capital (%)
33.35
30.69
29.29
35.51
29.38
21.29
16.62
15.14
21.34
25.37
21.73
18.58
13.92
17.85
Return on Common Equity (%)
161.06
87.09
65.81
61.8
49.96
38.25
30.46
28.94
39.74
43.16
35.42
28.79
19.89
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
463
454
LT Borrowings
- -
1,718
1,737
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
100
100
100
Market Capitalization
17,301
18,427
18,545

Working Capital

FRC

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

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.01
2.45
2.51
1.3
8.25
2025
2.51
2.56
- -
-0.81
6.22
2026
1.82
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.76
- -
- -
3.75
2025
- -
4.26
- -
- -
4.25
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Tom Erik Foss-Jacobsen
Full Time Employees
1,174
Sector
Basic Materials
Industry
Chemicals - Specialty
Address
Hjalmar Wessels vei 6 Sarpsborg Norway 1701
IPO Date
Mar 14, 2018
Business
Borregaard ASA operates one of the world's most advanced and sustainable biorefineries, specializing in the development, production, and marketing of biochemicals and biomaterials derived from renewable raw materials, primarily wood. The company’s core products include lignin-based biopolymers and binding and dispersing agents, specialty cellulose used as raw material for cellulose ethers and cellulose acetate, sustainable cellulose fibrils, bioethanol, and biovanillin—the only vanillin produced from wood, PEFC-certified and sustainable. Its products serve diverse industries such as agriculture, aquaculture, construction, pharmaceuticals, cosmetics, food and beverage, batteries, and biofuels. Borregaard operates through three primary business segments: BioSolutions (biopolymers and biovanillin), BioMaterials (specialty cellulose and cellulose fibrils), and Fine Chemicals (bioethanol and chemical intermediates). The company is headquartered in Sarpsborg, Norway, and operates globally across Europe, Asia, and the Americas. Founded in 2012, Borregaard leverages its integrated biorefinery assets and expert knowledge in a unique wood-based chemistry process. In recent years, Borregaard has pursued a strategic focus on increased specialization and value growth driven by innovation and market development. The company has made targeted investments to enhance its product portfolio, expand capacity, and improve sustainability, including CO2 emission reductions and energy efficiency improvements at its Norwegian biorefinery. In 2024, Borregaard hosted a Capital Markets Day where it emphasized continuing its specialization journey, expanding the cellulose fibrils business, and leveraging its lignin raw material base for advanced biopolymers and biovanillin. The company also actively invests in bio-based startups and sustainability initiatives as part of its long-term strategic priorities. This includes securing grants from research councils to support innovation and environmental projects, reflecting a strong ESG profile. Borregaard maintains a market-oriented and innovation-driven culture with a commitment to sustainable and renewable solutions replacing oil-based products.

Company News

APIChat
  • Borregaard ASA (BRGAY) Discusses Outlook for BioSolutions and BioMaterials, Market Trends, and Volume Expectations Transcript

  • Borregaard ASA (OTCMKTS:BRRDF) Short Interest Up 27.3% in February

  • Borregaard ASA (BRGAY) Q4 2025 Earnings Call Transcript

  • Borregaard ASA (BRGAY) Discusses BioSolutions Segment Outlook and Margin Dynamics Ahead of Close Transcript

  • Borregaard ASA (BRGAY) Q3 2025 Earnings Call Transcript

  • Borregaard ASA - Special Call