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(Oslo, 26 February 2025) Saga Pure ASA (Saga Pure, OSE: SAGA) reported a net loss in the fourth quarter 2024 of NOK 10 million, giving a return on equity of 0.3 percent for the year. 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 fourth quarter of 2024, Saga Pure reported a net loss of NOK 10 million. Saga Pure ended the fourth quarter of 2024 with a return on equity of 0.3 percent for the year, holding NOK 644 million in cash and remaining debt-free.
By the end of the fourth quarter, Saga Pure's short-term investments were valued at NOK 181.0 million, up from NOK 82.9 million at the end of the third quarter.
At the end of fourth quarter, the acquisition of 60 % of the shares in the Vallhall Group was approved. As of January 1, 2025, the Vallhall Group became subsidiaries of Saga Pure.
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 26 February 2025 at 07:30 CET.