Fjord Defence Group ASA (OSL:DFENS)

Norway · Delayed Price · Currency is NOK

14.60

-0.30 (-2.01%)

At close: Sep 11, 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	Jun '26 Jun 30, 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	116.89	40.74	22.83	80.98	-60.97	213.38
Revenue Growth	9402.85%	78.46%	-71.81%	-	-	-73.17%
Gross Profit	44.14	11.53	-19.53	22.26	-64.91	121.92
Operating Income	-133.67	-118.55	-109.79	-67.8	-133.47	-31.81
Net Income	-137.92	-90.77	-115.35	-82	13.75	122.77
Earnings Per Share	-2.67	-3.04	-6.35	-4.87	0.70	11.20
EPS Growth	-	-	-	-	-93.72%	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Defence	131.11	46.52	-
Group	-26.67	-18.23	-19.12
Seismic	-	12.45	41.94
Total	116.89	40.74	22.83

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	479.61	199.41	11.96	20.67	21.64	35.28
Total Debt	235.67	24.5	-	-	-	7.89
Net Cash (Debt)	243.94	174.91	11.96	20.67	21.64	27.39
Net Cash Growth	438.96%	1362.54%	-42.13%	-4.52%	-20.98%	-
Net Cash Per Share	4.72	5.86	0.66	1.12	1.11	2.50

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	-42.56	-43.94	-9.55	13.2	10.96	-84.97
Capital Expenditures	-	-	-	-	-	-
Free Cash Flow	-42.56	-43.94	-9.55	13.2	10.96	-84.97
Free Cash Flow Growth	-	-	-	20.51%	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	37.76%	28.32%	-85.55%	27.48%	-	57.14%
Operating Margin	-114.36%	-291.01%	-480.99%	-83.72%	-	-14.91%
Pretax Margin	-143.72%	-288.44%	-576.24%	-101.35%	5.85%	58.16%
Profit Margin	-118.00%	-222.83%	-505.33%	-101.27%	-	57.54%
FCF Margin	-36.41%	-107.86%	-41.86%	16.30%	-	-39.82%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 14, 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	-	-	-	-	18.79	2.59
P/FCF Ratio	-	-	-	15.78	23.59	-
PS Ratio	12.50	16.48	5.62	2.57	-4.24	1.49