Sats ASA (FRA:2S0)

Sats ASA Income Statement

Financials in millions NOK. 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	5,509	5,064	4,734	4,082	3,247
Revenue Growth (YoY)	8.79%	6.97%	15.97%	25.72%	-8.12%
Cost of Revenue	2,201	2,004	1,814	1,734	1,505
Gross Profit	3,308	3,060	2,920	2,348	1,742
Selling, General & Admin	-	119	110	167	166
Other Operating Expenses	1,199	919	1,043	1,030	754
Operating Expenses	2,416	2,236	2,331	2,317	1,962
Operating Income	892	824	589	31	-220
Interest Expense	-295	-301	-352	-253	-285
Interest & Investment Income	30	39	50	12	-
Currency Exchange Gain (Loss)	-	-72	72	-14	-35
Other Non Operating Income (Expenses)	-12	-56	-46	-28	21
EBT Excluding Unusual Items	615	434	313	-252	-519
Gain (Loss) on Sale of Assets	-	-	-	-9	-3
Pretax Income	615	434	313	-261	-522
Income Tax Expense	141	108	89	-15	-70
Earnings From Continuing Operations	474	326	224	-246	-452
Net Income	474	326	224	-246	-452
Net Income to Common	474	326	224	-246	-452
Net Income Growth	45.40%	45.54%	-	-	-
Shares Outstanding (Basic)	202	204	203	197	171
Shares Outstanding (Diluted)	203	205	204	197	171
Shares Change (YoY)	-1.16%	0.68%	3.63%	15.25%	-0.04%
EPS (Basic)	2.35	1.59	1.10	-1.25	-2.65
EPS (Diluted)	2.34	1.59	1.10	-1.25	-2.65
EPS Growth	47.17%	44.55%	-	-	-
Free Cash Flow	1,773	1,666	1,591	826	790
Free Cash Flow Per Share	8.73	8.11	7.80	4.20	4.62
Gross Margin	60.05%	60.43%	61.68%	57.52%	53.65%
Operating Margin	16.19%	16.27%	12.44%	0.76%	-6.78%
Profit Margin	8.60%	6.44%	4.73%	-6.03%	-13.92%
Free Cash Flow Margin	32.18%	32.90%	33.61%	20.23%	24.33%
EBITDA	1,061	979	775	219	-38
EBITDA Margin	19.26%	19.33%	16.37%	5.37%	-1.17%
D&A For EBITDA	169	155	186	188	182
EBIT	892	824	589	31	-220
EBIT Margin	16.19%	16.27%	12.44%	0.76%	-6.78%
Effective Tax Rate	22.93%	24.88%	28.43%	-	-

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