Borgestad posts higher Q2 2026 profit as backlog expands

Norwegian industrial conglomerate Borgestad ASA said on Friday its second-quarter 2026 profit rose as its order backlog expanded, though the company did not provide specific revenue or margin figures.

In a statement accompanying an earnings call transcript, Borgestad attributed the profit increase to sustained demand across its core industrial segments, which offset higher input costs. The company did not quantify the profit growth or disclose revenue figures for the quarter.

Borgestad’s backlog, a measure of future work secured, grew during the period, signaling continued operational momentum. The group operates in sectors including energy, marine and infrastructure, where project-based contracts typically drive performance.

The company did not provide forward guidance or further details on segment performance. Analysts tracking the stock noted that the lack of quantitative data limited visibility into the underlying drivers of profitability.

Borgestad shares were indicated slightly higher in pre-market trading on Friday, though liquidity remained thin. The stock has underperformed the broader Oslo Børs index over the past 12 months, reflecting broader sector challenges in the Nordic industrial space.

A representative for Borgestad declined to comment beyond the statement issued.