Magnora Q1 FY26 net loss widens to NOK 44.7 million

• Magnora posted a Q1 2026 net loss of NOK 44.7 million, swinging from profit a year earlier.
• Revenue dropped to NOK 2.2 million from NOK 49.7 million.
• EBITDA slid to a loss of NOK 38.1 million from a profit in the prior-year quarter.
• Cash fell to NOK 128.4 million as of March 31, while equity ratio eased to 80% from 83% at end-2025.
• Results reflected no repeat of a prior-year USD 4.3 million Shell milestone payment, while data center origination and development costs rose as the Nordics DC portfolio reached 410 MW gross by end-April, with Arctic Securities engaged to explore a 2026 listing of the data center business.
• Magnora expects continued high growth in data centers and said it anticipates renewable project sales in coming months, with earnouts and milestone payments from past divestments expected to contribute income through 2029.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnora ASA published the original content used to generate this news brief on April 29, 2026, and is solely responsible for the information contained therein.