Telenor ASA Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	80,822	79,928	80,452	76,877	97,153	115,839
Revenue Growth (YoY)	0.57%	-0.65%	4.65%	-20.87%	-16.13%	1.91%
Cost of Revenue	27,057	27,252	28,624	26,761	34,579	39,069
Gross Profit	53,765	52,676	51,828	50,116	62,574	76,770
Selling, General & Admin	3,786	3,786	3,651	3,465	3,899	5,138
Other Operating Expenses	14,023	13,937	13,973	13,056	16,020	21,529
Operating Expenses	35,062	34,594	34,159	33,635	43,166	52,965
Operating Income	18,703	18,082	17,669	16,481	19,408	23,805
Interest Expense	-3,606	-3,994	-3,410	-1,800	-2,485	-3,417
Interest & Investment Income	542	831	860	235	279	486
Earnings From Equity Investments	626	206	-631	-230	-480	-414
Currency Exchange Gain (Loss)	453	-484	-3,049	-3,386	-1,070	820
Other Non Operating Income (Expenses)	-113	2,323	-1,758	-513	-199	-1,221
EBT Excluding Unusual Items	16,605	16,964	9,681	10,787	15,453	20,059
Merger & Restructuring Charges	-484	-503	-497	-601	-506	-557
Impairment of Goodwill	-	-	-24	-24	-	-
Gain (Loss) on Sale of Investments	-145	6,606	-7,835	-71	21	53
Gain (Loss) on Sale of Assets	401	1,100	-227	1,726	-320	5,948
Asset Writedown	-69	-73	-1	-2,478	-	-11
Legal Settlements	-	-	-	-	-788	-1,200
Other Unusual Items	-	-	-	-	-138	-
Pretax Income	16,308	24,094	1,097	9,339	13,722	24,292
Income Tax Expense	4,789	3,725	4,332	-3,009	5,008	6,419
Earnings From Continuing Operations	11,519	20,369	-3,235	12,348	8,714	17,873
Earnings From Discontinued Operations	-214	-260	18,615	35,230	-4,123	3,186
Net Income to Company	11,305	20,109	15,380	47,578	4,591	21,059
Minority Interest in Earnings	-1,394	-1,773	-1,646	-2,665	-3,063	-3,718
Net Income	9,911	18,336	13,734	44,913	1,528	17,341
Net Income to Common	9,911	18,336	13,734	44,913	1,528	17,341
Net Income Growth	2.29%	33.51%	-69.42%	2839.33%	-91.19%	123.09%
Shares Outstanding (Basic)	1,368	1,376	1,388	1,399	1,399	1,408
Shares Outstanding (Diluted)	1,368	1,376	1,388	1,399	1,399	1,408
Shares Change (YoY)	-0.88%	-0.80%	-0.85%	-	-0.59%	-2.25%
EPS (Basic)	7.24	13.32	9.90	32.09	1.09	12.32
EPS (Diluted)	7.24	13.32	9.90	32.09	1.09	12.32
EPS Growth	3.20%	34.59%	-69.16%	2839.33%	-91.14%	128.23%
Free Cash Flow	18,244	18,098	14,392	19,924	22,825	24,820
Free Cash Flow Per Share	13.33	13.15	10.37	14.24	16.31	17.63
Dividend Per Share	9.600	9.600	9.500	9.400	9.300	9.000
Dividend Growth	1.05%	1.05%	1.06%	1.07%	3.33%	3.45%
Gross Margin	66.52%	65.90%	64.42%	65.19%	64.41%	66.27%
Operating Margin	23.14%	22.62%	21.96%	21.44%	19.98%	20.55%
Profit Margin	12.26%	22.94%	17.07%	58.42%	1.57%	14.97%
Free Cash Flow Margin	22.57%	22.64%	17.89%	25.92%	23.49%	21.43%
EBITDA	27,889	26,886	26,496	26,576	32,749	39,599
EBITDA Margin	34.51%	33.64%	32.93%	34.57%	33.71%	34.19%
D&A For EBITDA	9,186	8,804	8,827	10,095	13,341	15,794
EBIT	18,703	18,082	17,669	16,481	19,408	23,805
EBIT Margin	23.14%	22.62%	21.96%	21.44%	19.98%	20.55%
Effective Tax Rate	29.37%	15.46%	394.89%	-	36.50%	26.42%
Advertising Expenses	-	1,294	1,309	1,198	1,598	1,761

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