Portfolio Growth and Strategy - Magnora's project portfolio reached 8.0 GW, representing a 65% growth over the last twelve months and 7% growth in the last quarter[4] - The company completed its transition into a 100% renewable-energy company through the divestment of Hermana Holding ASA shares[4] - Magnora secured its first site in Germany and signed a Letter of Intention with a leading European infrastructure investor[4] - Magnora Italy strengthened its partnership and is scaling up for MACSE auctions, with over 450 MW of mid-stage development BESS projects positioned for auctions in 2026 and 2027[4] - Ongoing sales processes for approximately 250 MW of solar and 250 MW of wind projects in South Africa[4] Market Dynamics and Opportunities - Battery cost has decreased by 86% since 2013, driving BESS investments[6] - Investments are expected to raise electrical boiler capacity in Finland to over 1.5 GW, up from 0.5 GW currently[6] - Annual investments in Norway's data center sector up to 2030 are estimated at NOK 20-30 billion[6] - The EU is raising renewable targets to 45% and aims to eliminate Russian gas imports by 2027, driving demand for energy security[8] Financial Performance and Capital Allocation - The Group's cash and available credit facilities was NOK 373.4 million as of 30 June 2025[11, 66] - The company continues its capital distribution program with a quarterly return of paid-in share capital of NOK 11.9 million in Q2[14] - A new share buyback program was launched, allowing for the repurchase of up to 10% of the shares[14]
Megan(MGN) - 2025 Q2 - Earnings Call Presentation