Fjord Defence Group 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	58.97	41.94	83.53	71.51	139.34
Other Revenue	-18.23	-19.12	-2.55	-132.48	74.04
Revenue	40.74	22.83	80.98	-60.97	213.38
Revenue Growth (YoY)	78.46%	-71.81%	-	-	-73.17%
Cost of Revenue	29.2	42.35	58.72	3.93	91.46
Gross Profit	11.53	-19.53	22.26	-64.91	121.92
Selling, General & Admin	-	-	25.07	23.81	58.44
Amortization of Goodwill & Intangibles	77.44	68.87	64.99	39.24	64.42
Other Operating Expenses	51.82	21.4	-	-	-
Operating Expenses	130.08	90.27	90.06	68.56	153.73
Operating Income	-118.55	-109.79	-67.8	-133.47	-31.81
Interest Expense	-	-1.53	-2.9	-0.68	-15.23
Interest & Investment Income	2.19	0.74	0.25	0.07	0.02
Currency Exchange Gain (Loss)	-0.78	1.14	-0.4	-0.68	-7.37
Other Non Operating Income (Expenses)	-2.61	14.21	-1.1	0.32	-7.77
EBT Excluding Unusual Items	-119.74	-95.23	-71.94	-134.44	-62.16
Gain (Loss) on Sale of Investments	2.25	-7.87	-	-	-
Gain (Loss) on Sale of Assets	-	-	-10.14	6.56	-
Asset Writedown	-	-28.43	-	124.31	-31.05
Other Unusual Items	-	-	-	-	217.32
Pretax Income	-117.5	-131.53	-82.08	-3.57	124.11
Income Tax Expense	-26.72	-16.19	-0.07	-17.32	1.34
Net Income	-90.77	-115.35	-82	13.75	122.77
Net Income to Common	-90.77	-115.35	-82	13.75	122.77
Net Income Growth	-	-	-	-88.80%	-
Shares Outstanding (Basic)	30	18	19	20	11
Shares Outstanding (Diluted)	30	18	19	20	11
Shares Change (YoY)	64.29%	-1.85%	-5.24%	78.32%	2135.61%
EPS (Basic)	-3.04	-6.35	-4.43	0.70	11.20
EPS (Diluted)	-3.04	-6.35	-4.87	0.70	11.20
EPS Growth	-	-	-	-93.72%	-
Free Cash Flow	-43.94	-9.55	13.2	10.96	-84.97
Free Cash Flow Per Share	-1.47	-0.53	0.71	0.56	-7.75
Gross Margin	28.32%	-85.55%	27.48%	-	57.14%
Operating Margin	-291.01%	-480.99%	-83.72%	-	-14.91%
Profit Margin	-222.83%	-505.33%	-101.27%	-	57.54%
Free Cash Flow Margin	-107.86%	-41.86%	16.30%	-	-39.82%
EBITDA	-40.54	-40.93	-2.81	-88.72	62.88
EBITDA Margin	-99.52%	-179.30%	-3.47%	-	29.47%
D&A For EBITDA	78.01	68.87	64.99	44.75	94.69
EBIT	-118.55	-109.79	-67.8	-133.47	-31.81
EBIT Margin	-291.01%	-	-83.72%	-	-14.91%
Effective Tax Rate	-	-	-	-	1.08%

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