GREEN RESOURCES AS

Operating

Green Resources – Green Resources is Africa’s largest afforestation company and a leader in East African wood processing.

Investere i skogproduksjon og tilhørende virksomhet, inkludert eierskap i selskaper som driver slik virksomhet, inkludert aktiviteter relatert til dette.

Investere i finansielle og produktive aktiva, samt drive produksjon og rådgivningsvirksomhet, eventuelt foreta en realisasjon av selskapets eiendeler etter styrets beslutning. Innen treforedling.

Organization

CEO: CJ
Cornelis Johann Christian Lemm1976
Chairman of the board: KC
Kudakwashe Cletton Phairah1977
Years since formation: 31 years; since Nov 16, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 3,528,418; 1 share class
Total number of shareholders: 1; person
Belongs to group of

Financials

Total operating income 2025: 8,364,000; NOK
Annual total result 2025: -199,150,000; NOK
Total equity 2025: 601,244,000; NOK

Last update: Feb 25, 2026

Management

Management / administration

Name	Role	Shares
CJ Cornelis Johann Christian Lemm 1976 Resigned	Managing Director/CEO	-

Board

Name	Role	Shares
KC Kudakwashe Cletton Phairah 1977	Chairman	-
PR Paul Ralph Speed 1970	Board Member	-
TH Terhi Helinä Koipijärvi 1967	Board Member	-
YC Yida Charles David Kemoli 1977	Board Member	-
WK Warwick Keneally 1973	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-
A ACCOUNTING AS	Accountant	-

Last update: Feb 13, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
NF New Forests Africa Investments Vcc	Ordinary shares	3,528,418	100 %

Shares owned by the GREEN RESOURCES AS

Name	Share class	Total number of shares	Share
N NORTAN AS	Ordinary shares	21,051	100 %

Last update: Sep 25, 2026

Group structure

GREEN RESOURCES AS
Total operating income 2025: NOK 8,364,000
Operating profit 2025: NOK -148,996,000
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	8,364,000	8,526,000	6,750,000	5,846,000
Annual Total Result	-199,150,000	-241,735,000	-258,990,000	52,773,000
Total assets	752,218,000	920,283,000	1,122,978,000	1,379,813,000
Total liabilities	150,975,000	119,888,000	80,850,000	68,291,000
Total equity	601,244,000	800,395,000	1,042,129,000	1,311,521,000

P&L

Year	2024	2023	2022	2021
Total operating income	8,364,000	8,526,000	6,750,000	5,846,000
Total operating costs	157,360,000	89,334,000	136,390,000	18,648,000
Operating result	-148,996,000	-80,808,000	-129,640,000	-12,802,000
Financial income/costs	-50,126,000	-160,898,000	-129,331,000	65,593,000
Profit before tax	-199,122,000	-241,706,000	-258,971,000	52,791,000
Total tax & extraordinary income/cost	28,000	29,000	19,000	18,000
Annual Total Result	-199,150,000	-241,735,000	-258,990,000	52,773,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	746,817,000	914,068,000	1,114,897,000	1,360,231,000
Total current assets	5,401,000	6,215,000	8,081,000	19,582,000
Total assets	752,218,000	920,283,000	1,122,978,000	1,379,813,000
Short term debt	91,700,000	87,837,000	80,850,000	68,291,000
Long term debt	59,275,000	32,051,000	0	0
Total liabilities	150,975,000	119,888,000	80,850,000	68,291,000
Contributed capital	2,497,720,000	2,497,720,000	2,497,720,000	2,497,720,000
Retained earnings	-1,896,476,000	-1,697,325,000	-1,455,591,000	-1,186,199,000
Total equity	601,244,000	800,395,000	1,042,129,000	1,311,521,000
Total equity and liabilities	752,219,000	920,283,000	1,122,979,000	1,379,812,000

Classification

21st company classification

BETA

Individual SMB enterprise

Type of organization

Limited company

Standard industrial classification

GREEN RESOURCES AS975 879 968