Magnora ASA (SVMRF) Q4 2025 Earnings Call Prepared Remarks Transcript

SA Transcripts158.6K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Magnora ASA (SVMRF) Q4 2025 Earnings Call February 25, 2026 4:00 AM EST Company Participants Erik Sneve - Chief Executive Officer Presentation Erik SneveChief Executive Officer Good morning, and welcome to Magnora's Q4 and combined annual results report for 2025. I'm very pleased to say that we have had the highest growth ever in terms of origination. And we also entered the data center market, and we have some exciting news about the recent developments. Highlights and portfolio update. We increased our portfolio of data center, onshore wind and battery projects in attractive markets such as the Nordics, South Africa, Italy and Germany. Our development portfolio reached 10.4 gigawatts as of February 2026. That's 60% year-over-year growth from 2024. We have over 2,500 megawatts of mature stage development opportunities, which are sellable today. We have done a strategic shift towards data centers in the Nordic and secured net 210 megawatts of data center projects across Norway and Finland, and we're excited about developments also in Sweden. Gross 315 megawatts. We established a strategy early 2025, and we executed on the strategy through the year. Today, we own an operational data center in Halden, Norway. It's called Storespeed. It's been running for 20 years. It gives us an excellent position in the market. We have established a partnership model, collaborating with real estate developers, industrial players and other landowners. We've established a team and a development organization in Sweden with a serial entrepreneur. And we secured our first project in Finland, laying the foundation for further portfolio development in Finland. Local and international advisers have been engaged on a handful of transactions in mature stage. We currently in advanced dialogues above the 500 to 800-megawatt guided range from last year. Red Sands triggered a final milestone payment in 2025, and it became the largest BESS project