Novozymes Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,158	3,834	2,402	2,355	2,011
Revenue Growth (YoY)	8.45%	59.58%	1.99%	17.14%	6.46%
Cost of Revenue	1,916	2,024	1,097	1,070	851.01
Gross Profit	2,242	1,810	1,305	1,285	1,160
Selling, General & Admin	911.8	765.5	446.1	432.47	375.88
Research & Development	463.8	413.2	270.7	268.5	270.18
Other Operating Expenses	49.2	129.8	54.4	-27.91	-25.28
Total Operating Expenses	1,425	1,309	771.2	673.05	620.77
Operating Income	816.7	501	533.6	612	538.87
Interest Income	28.9	23.4	35.4	-0.94	-0.54
Interest Expense	-102.2	-107.3	-44.3	-	-
Other Non-Operating Income (Expense)	-	-	-	0.27	-10.62
Total Non-Operating Income (Expense)	-73.3	-83.9	-8.9	-0.67	-11.16
Pretax Income	743.4	417.1	524.7	611.33	527.71
Provision for Income Taxes	159.8	111.3	116.8	116.74	104.76
Net Income	583.6	305.8	405.9	493.25	423.08
Minority Interest in Earnings	-	-	2	1.34	-0.13
Net Income to Common	583.6	305.8	405.9	493.25	423.08
Net Income Growth	90.84%	-24.66%	-17.71%	16.59%	11.11%
Shares Outstanding (Basic)	466	458	277	277	278
Shares Outstanding (Diluted)	468	460	278	279	280
Shares Change (YoY)	1.73%	65.40%	-0.31%	-0.52%	-0.65%
EPS (Basic)	1.25	0.67	1.47	1.78	1.52
EPS (Diluted)	1.25	0.67	1.46	1.77	1.51
EPS Growth	86.57%	-54.11%	-17.51%	17.22%	11.85%
Shares Outstanding	465.91	279.84	277.32	276.6	277.11
Free Cash Flow	811.7	681.6	308	167.19	402.24
Free Cash Flow Growth	19.09%	121.30%	84.22%	-58.44%	-16.20%
Free Cash Flow Per Share	1.74	1.48	1.11	0.60	1.44
Dividends Per Share	0.870	0.830	-	0.807	0.740
Dividend Growth	4.86%	-	-	9.05%	4.88%
Gross Margin	53.91%	47.20%	54.32%	54.56%	57.68%
Operating Margin	19.64%	13.07%	22.21%	25.98%	26.80%
Profit Margin	14.04%	7.98%	16.98%	21.00%	21.04%
FCF Margin	19.52%	17.78%	12.82%	7.10%	20.01%
EBITDA	1,414	1,098	720	612	538.87
EBITDA Margin	34.00%	28.65%	29.97%	25.98%	26.80%
EBIT	816.7	501	533.6	612	538.87
EBIT Margin	19.64%	13.07%	22.21%	25.98%	26.80%
Effective Tax Rate	21.50%	26.68%	22.26%	19.10%	19.85%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.