Fjord Defence Group ASA (OSL:DFENS)

Norway · Delayed Price · Currency is NOK

15.00

+0.20 (1.35%)

At close: Aug 4, 2026

Fjord Defence Group ASA Financials Overview

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

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	91.05	58.97	41.94	83.81	70.92	139.46
Revenue Growth	419.11%	40.59%	-49.95%	18.17%	-49.15%	-82.60%
Gross Profit	10.86	29.76	-0.41	24.89	67.02	47.93
Operating Income	-121.51	-116.3	-131.88	-78.2	-2.58	-62.92
Net Income	-114.32	-90.77	-115.35	-82.28	13.64	122.88
Earnings Per Share	-2.03	-3.04	-6.35	-4.88	1.17	11.64
EPS Growth	-	-	-	-	-89.95%	-

Revenue by Segment

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Defence	46.52	-
Group	-18.23	-19.12
Seismic	12.45	41.94
Total	40.74	22.83

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Cash & Investments	46.98	199.41	11.96	20.74	21.47	35.32
Total Debt	167.67	24.05	0	0	0	7.9
Net Cash (Debt)	-120.68	175.36	11.96	20.74	21.47	27.41
Net Cash Growth	-	1366.31%	-42.33%	-3.41%	-21.69%	-
Net Cash Per Share	-3.04	5.87	0.66	1.12	1.10	2.50

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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 Cash Flow	-49.36	-43.94	-9.55	13.25	10.87	-85.05
Free Cash Flow	-49.36	-43.94	-9.55	13.25	10.87	-85.05
Free Cash Flow Growth	-	-	-	21.91%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Gross Margin	11.93%	50.48%	-0.98%	29.70%	94.50%	34.36%
Operating Margin	-133.46%	-197.23%	-314.45%	-93.31%	-3.64%	-45.12%
Pretax Margin	-156.55%	-199.26%	-313.61%	-98.25%	-4.99%	89.07%
Profit Margin	-125.56%	-153.94%	-275.02%	-98.17%	19.23%	88.11%
FCF Margin	-54.21%	-74.51%	-22.78%	15.81%	15.32%	-60.98%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 5, 2026	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
PE Ratio	-	-	-	-	11.30	1.36
P/FCF Ratio	-	-	-	15.65	23.78	-
PS Ratio	20.61	11.49	3.13	2.47	3.64	2.28