Ørsted A/S (CPH:ORSTED)

Ørsted Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	73,244	71,034	79,255	114,417	77,673
Revenue Growth (YoY)	3.11%	-10.37%	-30.73%	47.31%	54.88%
Selling, General & Admin	9,063	8,697	7,406	7,049	5,760
Depreciation & Amortization	10,195	10,225	9,795	9,754	7,972
Other Operating Expenses	41,635	37,994	49,201	86,310	55,520
Total Operating Expenses	60,893	56,916	66,402	103,113	69,252
Operating Income	12,351	14,118	12,853	11,304	8,421
Interest Expense	-14,678	-4,007	-4,279	-3,032	-1,841
Interest Income	-	1,553	1,642	368	335
Net Interest Expense	-14,678	-2,454	-2,637	-2,664	-1,506
Income (Loss) on Equity Investments	-62	-31	-19	154	-27
Currency Exchange Gain (Loss)	-	-684	-368	903	32
Other Non-Operating Income (Expenses)	11,797	-887	1,073	787	-191
EBT Excluding Unusual Items	9,408	10,062	10,902	10,484	6,729
Gain (Loss) on Sale of Investments	-	434	489	-1,562	-501
Gain (Loss) on Sale of Assets	213	338	5,979	11,216	7,178
Asset Writedown	-3,633	-15,563	-26,775	-2,529	-129
Other Unusual Items	-	7,335	-9,621	-	-
Pretax Income	5,988	2,606	-19,026	17,609	13,277
Income Tax Expense	2,823	2,590	1,156	2,613	2,390
Earnings From Continuing Ops.	3,165	16	-20,182	14,996	10,887
Net Income to Company	3,165	16	-20,182	14,996	10,887
Minority Interest in Earnings	-725	-222	-324	130	75
Net Income	2,440	-206	-20,506	15,126	10,962
Preferred Dividends & Other Adjustments	713	717	553	577	740
Net Income to Common	1,727	-923	-21,059	14,549	10,222
Net Income Growth	-	-	-	37.99%	-29.72%
Shares Outstanding (Basic)	864	420	420	420	420
Shares Outstanding (Diluted)	909	421	421	420	420
Shares Change (YoY)	116.09%	0.03%	0.01%	0.01%	0.01%
EPS (Basic)	2.00	-2.20	-50.11	34.62	24.33
EPS (Diluted)	1.90	-2.20	-50.11	34.60	24.30
EPS Growth	-	-	-	42.39%	-32.40%
Free Cash Flow	-31,035	-24,298	-9,671	-21,080	-22,421
Free Cash Flow Per Share	-34.14	-57.77	-23.00	-50.14	-53.34
Dividend Per Share	-	-	-	13.500	12.500
Dividend Growth	-	-	-	8.00%	8.70%
Profit Margin	2.36%	-1.30%	-26.57%	12.72%	13.16%
Free Cash Flow Margin	-42.37%	-34.21%	-12.20%	-18.42%	-28.87%
EBITDA	22,235	23,347	21,732	20,253	15,718
EBITDA Margin	30.36%	32.87%	27.42%	17.70%	20.24%
D&A For EBITDA	9,884	9,229	8,879	8,949	7,297
EBIT	12,351	14,118	12,853	11,304	8,421
EBIT Margin	16.86%	19.88%	16.22%	9.88%	10.84%
Effective Tax Rate	47.14%	99.39%	-	14.84%	18.00%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.