Solar Income Statement

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

Millions DKK. 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	12,171	12,223	13,031	13,863	12,354
Revenue Growth (YoY)	-0.43%	-6.20%	-6.00%	12.21%	7.75%
Cost of Revenue	9,692	9,702	10,101	10,618	9,581
Gross Profit	2,479	2,521	2,930	3,245	2,773
Selling, General & Admin	2,043	1,949	2,042	2,042	1,849
Depreciation & Amortization Expenses	346	368	313	266	239
Other Operating Expenses	-65	-74	17	28	13
Total Operating Expenses	2,324	2,243	2,372	2,336	2,101
Operating Income	155	278	558	909	672
Interest Income	51	63	65	53	41
Interest Expense	-122	-148	-155	-103	-89
Other Non-Operating Income (Expense)	0	-1	0	-1	-2
Total Non-Operating Income (Expense)	-71	-86	-90	-51	-50
Pretax Income	84	192	468	858	622
Provision for Income Taxes	10	44	120	198	91
Net Income	74	148	348	660	531
Minority Interest in Earnings	0	-3	1	0	-
Net Income to Common	74	148	348	660	531
Net Income Growth	-50.00%	-57.47%	-47.27%	24.29%	139.19%
Shares Outstanding (Basic)	7	7	7	7	7
Shares Outstanding (Diluted)	7	7	7	7	7
Shares Change (YoY)	1.18%	0.02%	0.00%	0.06%	0.24%
EPS (Basic)	10.02	20.68	47.51	90.37	72.72
EPS (Diluted)	9.98	20.60	47.34	90.05	72.50
EPS Growth	-51.55%	-56.48%	-47.43%	24.21%	138.64%
Shares Outstanding	7.95	7.3	7.3	7.3	7.3
Free Cash Flow	-10	376	685	-151	640
Free Cash Flow Growth	-	-45.11%	-	-	-17.95%
Free Cash Flow Per Share	-1.35	51.29	93.46	-20.60	87.38
Dividends Per Share	-	15.000	30.000	45.000	45.000
Dividend Growth	-	-50.00%	-33.33%	-	60.71%
Gross Margin	20.37%	20.63%	22.48%	23.41%	22.45%
Operating Margin	1.27%	2.27%	4.28%	6.56%	5.44%
Profit Margin	0.61%	1.21%	2.67%	4.76%	4.30%
FCF Margin	-0.08%	3.08%	5.26%	-1.09%	5.18%
EBITDA	501	646	871	1,175	911
EBITDA Margin	4.12%	5.29%	6.68%	8.48%	7.37%
EBIT	155	278	558	909	672
EBIT Margin	1.27%	2.27%	4.28%	6.56%	5.44%
Effective Tax Rate	11.90%	22.92%	25.64%	23.08%	14.63%

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