Olav Thon reports NOK 357m Q2 profit despite financial headwinds

Olav Thon Eiendomsselskap reported Q2 2025 pre-tax profit of NOK 357 million, despite NOK 171 million in negative value changes from financial instruments and higher maintenance costs. Retail turnover increased 3.6% compared to Q2 2024.

The company maintains strong financials with an equity ratio of 50.5%, loan-to-value ratio of 36.6%, and liquid assets of NOK 7.42 billion as of June 30.

Shares rose 13% in Q2 with a 3% dividend payout, delivering 34% total return over 12 months. Norway's central bank cut interest rates to 4.25% in June, the first reduction in five years.