Elkem ASA (OSL:ELK)

Elkem ASA Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	16,074	16,535	17,810	21,134	45,017	33,083
Revenue Growth	0.01%	-7.16%	-15.73%	-53.05%	36.07%	37.70%
Gross Profit Gross Profit Growth	8,022	8,904	9,497	10,309	23,041	17,098
Operating Income Operating Income Growth	625	1,363	1,409	3,236	11,726	5,655
Net Income Net Income Growth	-889	-668	488	72	9,561	4,628
Earnings Per Share EPS Growth	-1.52	-1.06	0.77	0.11	15.04	7.44
EPS Growth	-	-	605.36%	-99.27%	102.15%	1714.63%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Other Other Growth	971	811	651	385	504	641
Carbon Solutions Carbon Solutions Growth	3,018	3,258	3,623	4,209	3,747	2,172
Silicon Products (Including Foundry Products) Silicon Products (Including Foundry Products) Growth	13,203	13,543	14,483	17,513	23,948	14,363
Eliminations Eliminations Growth	-1,119	-1,077	-947	-972	-2,319	-1,404
Total Total Growth	16,073	16,535	17,810	21,135	45,018	33,084

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	4,876	2,709	4,401	6,370	9,255	7,040
Total Debt Total Debt Growth	11,470	12,040	12,994	16,371	12,383	12,534
Net Cash (Debt) Net Cash Growth	-6,594	-9,331	-8,593	-10,001	-3,128	-5,494
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-11.26	-14.70	-13.55	-15.73	-4.92	-8.83

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	2,207	1,176	2,030	2,769	9,314	4,913
Capital Expenditures CapEx Growth	-1,641	-2,359	-3,398	-4,988	-4,213	-3,266
Free Cash Flow Free Cash Flow Growth	566	-1,183	-1,368	-2,219	5,101	1,647
Free Cash Flow Growth	-	-	-	-	209.72%	-

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	49.91%	53.85%	53.32%	48.78%	51.18%	51.68%
Operating Margin	3.89%	8.24%	7.91%	15.31%	26.05%	17.09%
Pretax Margin	3.15%	3.23%	8.57%	13.62%	27.18%	17.61%
Profit Margin	-5.53%	-4.04%	2.74%	0.34%	21.24%	13.99%
FCF Margin	3.52%	-7.16%	-7.68%	-10.50%	11.33%	4.98%

Dividends

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Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.300	-	6.000	3.000
Dividend Per Share Growth	-	-	100.00%	1900.00%
Dividend Yield	1.71%	-	17.04%	10.08%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 24, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	-	-	22.77	186.29	2.34	4.07
Forward PE	13.60	23.32	9.71	33.65	5.29	5.31
P/FCF Ratio	18.90	-	-	-	4.38	11.44
PS Ratio	0.67	1.17	0.62	0.64	0.50	0.57

Data Source: S&P Global Market Intelligence Last updated: Jul 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 23, 2026

Data Sources Report a data error