AF Gruppen 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	31,992	30,222	30,156	30,970	27,751
Other Revenue	-	362	288	167	81
Revenue	31,992	30,584	30,444	31,137	27,832
Revenue Growth (YoY)	4.60%	0.46%	-2.23%	11.88%	3.12%
Cost of Revenue	20,807	20,333	20,905	21,900	19,073
Gross Profit	11,185	10,251	9,539	9,237	8,759
Selling, General & Admin	8,931	6,987	6,615	6,162	5,728
Amortization of Goodwill & Intangibles	3	3	2	2	1
Other Operating Expenses	-	1,523	1,632	1,326	1,053
Operating Expenses	9,702	9,207	8,804	8,016	7,347
Operating Income	1,483	1,044	735	1,221	1,412
Interest Expense	-9	-112	-99	-43	-37
Interest & Investment Income	-	58	42	20	23
Earnings From Equity Investments	179	33	-31	134	101
Currency Exchange Gain (Loss)	-	-14	-	7	-24
Other Non Operating Income (Expenses)	1	1	-1	-	-1
EBT Excluding Unusual Items	1,654	1,010	646	1,339	1,474
Impairment of Goodwill	-	-	-20	-	-
Gain (Loss) on Sale of Investments	-	14	20	10	35
Gain (Loss) on Sale of Assets	-	65	53	50	71
Asset Writedown	-	-4	-	-	-
Pretax Income	1,654	1,085	699	1,399	1,580
Income Tax Expense	365	251	185	248	351
Earnings From Continuing Operations	1,289	834	514	1,151	1,229
Minority Interest in Earnings	-196	-126	-112	-193	-210
Net Income	1,093	708	402	958	1,019
Net Income to Common	1,093	708	402	958	1,019
Net Income Growth	54.38%	76.12%	-58.04%	-5.99%	4.94%
Shares Outstanding (Basic)	109	109	108	107	106
Shares Outstanding (Diluted)	110	109	108	107	106
Shares Change (YoY)	1.36%	0.76%	0.81%	0.41%	1.68%
EPS (Basic)	9.99	6.52	3.73	8.96	9.61
EPS (Diluted)	9.93	6.52	3.73	8.96	9.57
EPS Growth	52.30%	74.80%	-58.37%	-6.37%	3.24%
Free Cash Flow	3,038	1,962	1,017	1,169	1,208
Free Cash Flow Per Share	27.60	18.07	9.44	10.94	11.35
Dividend Per Share	6.500	5.000	3.500	10.500	10.500
Dividend Growth	30.00%	42.86%	-66.67%	-	5.00%
Gross Margin	34.96%	33.52%	31.33%	29.67%	31.47%
Operating Margin	4.64%	3.41%	2.41%	3.92%	5.07%
Profit Margin	3.42%	2.31%	1.32%	3.08%	3.66%
Free Cash Flow Margin	9.50%	6.42%	3.34%	3.75%	4.34%
EBITDA	1,887	1,351	975	1,749	1,979
EBITDA Margin	5.90%	4.42%	3.20%	5.62%	7.11%
D&A For EBITDA	404	307	240	528	567
EBIT	1,483	1,044	735	1,221	1,412
EBIT Margin	4.64%	3.41%	2.41%	3.92%	5.07%
Effective Tax Rate	22.07%	23.13%	26.47%	17.73%	22.21%
Revenue as Reported	-	30,638	30,530	31,205	27,868

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