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Magnora ASA
OSE:MGN

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Magnora ASA
OSE:MGN
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Price: 24.25 NOK -1.42%
Market Cap: kr1.6B

Magnora ASA
Investor Relations

Magnora ASA operates as a renewable energy development company. The company is headquartered in Oslo, Oslo. The company went IPO on 2004-12-13. It’s strategy is to develop wind projects in Norway and abroad from early phase greenfield to ready-to build. The firm investing in companies and projects to be a part of the development of the renewable energy solutions that deliver clean energy to industries and consumers.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 25, 2026
AI Summary
Q4 2025

Portfolio Growth: Magnora's development portfolio grew 60% year-over-year to 10.4 gigawatts as of February 2026, its largest increase ever.

Data Center Expansion: The company entered the data center market in the Nordics, securing 210 megawatts of projects and acquiring an operational site in Norway.

Profitable & Debt-Free: Magnora remained profitable with 0 debt, a strong cash position, and a capital-light business model.

Strong Returns: Delivered a 21% return on equity since 2020 and a 26% annual average shareholder return.

Active Divestments: Divested all shares in Hermana Holding to further focus on renewables and data centers.

Sales Potential: Over 2,500 megawatts of mature-stage projects are currently for sale or marketing, with active sales processes underway.

Outlook: Targeting a 12 gigawatt portfolio by end of 2026, with continued focus on data centers in the Nordics, BESS in Europe, and onshore wind in South Africa.

Profit Decline: Profit before tax fell to NOK 12.2 million from NOK 269 million last year, mainly due to the Hermana transaction.

Key Financials
Development Portfolio
10.4 GW
Mature Stage Projects for Sale
2.5 GW
Net Data Center Projects Secured
210 MW
Gross Data Center Projects
315 MW
Cash Position
NOK 166.4 million
Profit Before Tax
NOK 12.2 million
Return on Equity
21% since 2020
Shareholder Return
26% annual average since 2020
Cash and Shares Returned to Shareholders
NOK 1 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Torstein Sanness
Executive Chairman
No Bio Available
Mr. Erik Daylemani Sneve
Chief Executive Officer
No Bio Available
Mr. Bard Olsen
Chief Financial Officer
No Bio Available
Mr. Haakon Alfstad
Executive Vice President of Projects
No Bio Available
Ms. Emilie Schjøtt Brackman
VP of Offshore Wind & CEO of Magnora Offshore Wind
No Bio Available
Ms. Hanne Wiger
Business Controller
No Bio Available
Mr. Trond Gartner
Senior Vice President of Business Development
No Bio Available

Contacts

Address
OSLO
Oslo
Karenlyst Alle 2
Contacts
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