Selvaag Bolig reports strong Q3 2025 sales and profitability

Selvaag Bolig ASA reported Q3 2025 adjusted EBITDA of NOK 90 million on proforma IFRS revenues of NOK 659 million, reflecting a 13.7% margin. Net sales for the quarter totaled 85 homes, valued at NOK 600 million. Year-to-date, net sales reached 360 homes, generating NOK 2,328 million. The company delivered 98 units in Q3, contributing to an IFRS operating income of NOK 568 million and an adjusted EBITDA margin of 12.8%.

At the end of Q3 2025, Selvaag Bolig had 1,051 homes under construction with a combined sales value of NOK 7,457 million, of which 64% were already sold. The order backlog for projects under construction stands at NOK 7.5 bn. The company anticipates delivering 261 homes in Q4 2025, aiming for a total of 393 units delivered by year-end. Management expects increased demand following recent interest rate cuts, with several major sales launches planned for the next six months.

The company’s cash flow from operations was negative NOK 124.7 million in Q3, primarily due to increased inventory from ongoing production. Despite this, total cash and cash equivalents stood at NOK 200.6 million at quarter-end. Selvaag Bolig maintains a robust land portfolio and strong financing to capitalize on market recovery, with 90% of 2025 completions already sold.