Borregaard 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	7,713	7,502	7,024	6,776	5,715
Other Revenue	-	115	108	105	90
Revenue	7,713	7,617	7,132	6,881	5,805
Revenue Growth (YoY)	1.26%	6.80%	3.65%	18.54%	8.95%
Cost of Revenue	5,835	2,732	2,545	2,628	2,152
Gross Profit	1,878	4,885	4,587	4,253	3,653
Selling, General & Admin	-	1,441	1,359	1,204	1,158
Amortization of Goodwill & Intangibles	4	5	5	5	4
Other Operating Expenses	-	1,570	1,447	1,406	1,123
Operating Expenses	591	3,572	3,296	3,059	2,701
Operating Income	1,287	1,313	1,291	1,194	952
Interest Expense	-134	-193	-171	-88	-62
Interest & Investment Income	-	33	30	12	3
Earnings From Equity Investments	-279	-22	-9	-3	-2
Currency Exchange Gain (Loss)	-11	-17	-15	6	-8
Other Non Operating Income (Expenses)	1	-5	-2	5	-10
EBT Excluding Unusual Items	864	1,109	1,124	1,126	873
Other Unusual Items	-	-30	-	-8	-
Pretax Income	864	1,079	1,124	1,118	873
Income Tax Expense	264	250	268	267	213
Earnings From Continuing Operations	600	829	856	851	660
Minority Interest in Earnings	20	-6	14	41	32
Net Income	620	823	870	892	692
Net Income to Common	620	823	870	892	692
Net Income Growth	-24.67%	-5.40%	-2.47%	28.90%	58.72%
Shares Outstanding (Basic)	100	100	100	100	100
Shares Outstanding (Diluted)	100	100	100	100	100
Shares Change (YoY)	-0.02%	-0.17%	-0.03%	0.25%	-0.01%
EPS (Basic)	6.22	8.25	8.73	8.95	6.95
EPS (Diluted)	6.22	8.25	8.71	8.92	6.94
EPS Growth	-24.63%	-5.28%	-2.35%	28.53%	58.81%
Free Cash Flow	563	375	912	276	894
Free Cash Flow Per Share	5.64	3.76	9.13	2.76	8.97
Dividend Per Share	4.750	4.250	3.750	3.250	2.750
Dividend Growth	11.77%	13.33%	15.38%	18.18%	10.00%
Gross Margin	24.35%	64.13%	64.32%	61.81%	62.93%
Operating Margin	16.69%	17.24%	18.10%	17.35%	16.40%
Profit Margin	8.04%	10.80%	12.20%	12.96%	11.92%
Free Cash Flow Margin	7.30%	4.92%	12.79%	4.01%	15.40%
EBITDA	1,878	1,738	1,680	1,564	1,295
EBITDA Margin	24.35%	22.82%	23.56%	22.73%	22.31%
D&A For EBITDA	591	425	389	370	343
EBIT	1,287	1,313	1,291	1,194	952
EBIT Margin	16.69%	17.24%	18.10%	17.35%	16.40%
Effective Tax Rate	30.55%	23.17%	23.84%	23.88%	24.40%
Revenue as Reported	-	7,617	7,132	6,881	5,805

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.