Elkem ASA Income Statement

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

Millions NOK. 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
Operating Revenue	16,535	17,810	21,134	45,018	33,083
Other Revenue	-	-	-	-1	-
Revenue	16,535	17,810	21,134	45,017	33,083
Revenue Growth (YoY)	-7.16%	-15.73%	-53.05%	36.07%	37.70%
Cost of Revenue	7,631	8,313	10,825	21,976	15,985
Gross Profit	8,904	9,497	10,309	23,041	17,098
Selling, General & Admin	2,880	2,792	2,683	4,979	4,578
Other Operating Expenses	3,661	4,365	3,546	4,337	5,049
Operating Expenses	7,549	8,088	7,073	11,315	11,443
Operating Income	1,355	1,409	3,236	11,726	5,655
Interest Expense	-539	-768	-657	-289	-250
Interest & Investment Income	65	81	139	69	37
Earnings From Equity Investments	20	-149	-19	118	86
Currency Exchange Gain (Loss)	-345	281	218	481	275
Other Non Operating Income (Expenses)	-2	14	-13	50	51
EBT Excluding Unusual Items	554	868	2,904	12,155	5,854
Merger & Restructuring Charges	-23	-32	-35	2	25
Gain (Loss) on Sale of Investments	10	8	2	1	2
Gain (Loss) on Sale of Assets	-	2	24	157	-5
Asset Writedown	-7	-168	-25	-28	-76
Other Unusual Items	-	-	-	-71	-
Pretax Income	534	1,527	2,878	12,235	5,827
Income Tax Expense	149	-588	781	2,594	1,163
Earnings From Continuing Operations	385	2,115	2,097	9,641	4,664
Earnings From Discontinued Operations	-969	-1,538	-1,927	-	-
Net Income to Company	-584	577	170	9,641	4,664
Minority Interest in Earnings	-84	-89	-98	-80	-36
Net Income	-668	488	72	9,561	4,628
Net Income to Common	-668	488	72	9,561	4,628
Net Income Growth	-	577.78%	-99.25%	106.59%	1836.40%
Shares Outstanding (Basic)	634	634	635	634	618
Shares Outstanding (Diluted)	635	634	636	636	622
Shares Change (YoY)	0.07%	-0.26%	0.03%	2.18%	6.99%
EPS (Basic)	-1.05	0.77	0.11	15.09	7.49
EPS (Diluted)	-1.05	0.77	0.11	15.04	7.44
EPS Growth	-	605.36%	-99.27%	102.15%	1714.63%
Free Cash Flow	-1,143	-1,368	-2,219	5,101	1,647
Free Cash Flow Per Share	-1.80	-2.16	-3.49	8.03	2.65
Dividend Per Share	-	0.300	-	6.000	3.000
Dividend Growth	-	-	-	100.00%	1900.00%
Gross Margin	53.85%	53.32%	48.78%	51.18%	51.68%
Operating Margin	8.20%	7.91%	15.31%	26.05%	17.09%
Profit Margin	-4.04%	2.74%	0.34%	21.24%	13.99%
Free Cash Flow Margin	-6.91%	-7.68%	-10.50%	11.33%	4.98%
EBITDA	3,987	4,130	5,536	13,495	7,252
EBITDA Margin	24.11%	23.19%	26.20%	29.98%	21.92%
D&A For EBITDA	2,632	2,721	2,300	1,769	1,597
EBIT	1,355	1,409	3,236	11,726	5,655
EBIT Margin	8.20%	7.91%	15.31%	26.05%	17.09%
Effective Tax Rate	27.90%	-	27.14%	21.20%	19.96%
Revenue as Reported	16,727	18,870	21,510	45,898	33,717

Source: S&P Global Market Intelligence. Standard template. Financial Sources.