BW Energy Limited (OSL:BWE)

BW Energy Income Statement

Financials in millions USD. 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	797.9	783.9	488.9	277.6	271.5
Revenue Growth (YoY)	1.79%	60.34%	76.12%	2.25%	69.37%
Cost of Revenue	383.7	337.8	266.3	123.4	124.3
Gross Profit	414.2	446.1	222.6	154.2	147.2
Other Operating Expenses	-	-11.3	-18.4	-	-
Operating Expenses	197.7	169.6	81.1	60.1	48.8
Operating Income	216.5	276.5	141.5	94.1	98.4
Interest Expense	-33.6	-35.7	-5.1	-17	-12.5
Interest & Investment Income	12.3	13.1	8.3	1.7	0.7
Currency Exchange Gain (Loss)	-	-	-	-2.2	0.1
Other Non Operating Income (Expenses)	-7.5	-23.8	-21.8	7.2	2.1
EBT Excluding Unusual Items	187.7	230.1	122.9	83.8	88.8
Asset Writedown	-	-	-0.4	-	-
Pretax Income	187.7	230.1	122.5	83.8	88.8
Income Tax Expense	54.6	64.2	41.5	38.8	36.8
Earnings From Continuing Operations	133.1	165.9	81	45	52
Net Income	133.1	165.9	81	45	52
Net Income to Common	133.1	165.9	81	45	52
Net Income Growth	-19.77%	104.81%	80.00%	-13.46%	-
Shares Outstanding (Basic)	-	258	258	258	257
Shares Outstanding (Diluted)	-	258	258	258	257
Shares Change (YoY)	-	-	-	0.29%	12.82%
EPS (Basic)	-	0.64	0.31	0.17	0.20
EPS (Diluted)	-	0.64	0.31	0.17	0.20
EPS Growth	-	104.81%	84.68%	-15.00%	-
Free Cash Flow	-130.3	41.1	-92.4	-13.5	68.2
Free Cash Flow Per Share	-	0.16	-0.36	-0.05	0.27
Gross Margin	51.91%	56.91%	45.53%	55.55%	54.22%
Operating Margin	27.13%	35.27%	28.94%	33.90%	36.24%
Profit Margin	16.68%	21.16%	16.57%	16.21%	19.15%
Free Cash Flow Margin	-16.33%	5.24%	-18.90%	-4.86%	25.12%
EBITDA	414.2	417.9	220.5	127.6	118.2
EBITDA Margin	51.91%	53.31%	45.10%	45.97%	43.54%
D&A For EBITDA	197.7	141.4	79	33.5	19.8
EBIT	216.5	276.5	141.5	94.1	98.4
EBIT Margin	27.13%	35.27%	28.94%	33.90%	36.24%
Effective Tax Rate	29.09%	27.90%	33.88%	46.30%	41.44%
Revenue as Reported	-	795.2	507.3	-	-

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