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	15,818	14,967	18,870	21,509	45,899	33,718
Revenue Growth	-8.47%	-20.68%	-12.27%	-53.14%	36.13%	36.56%
Gross Profit Gross Profit Growth	8,171	8,498	10,557	10,684	23,923	17,733
Operating Income Operating Income Growth	607	1,682	2,094	3,577	12,414	5,785
Net Income Net Income Growth	-889	-668	488	72	9,561	4,628
Earnings Per Share EPS Growth	-1.94	-1.05	0.77	0.11	15.04	7.44
EPS Growth	-	-	600.00%	-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	2,694	4,397	6,367	9,255	7,040
Total Debt Total Debt Growth	11,470	11,970	12,907	14,740	10,535	10,381
Net Cash (Debt) Net Cash Growth	-6,594	-9,276	-8,510	-8,373	-1,280	-3,341
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-11.26	-14.62	-13.42	-13.17	-2.01	-5.37

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	2,435	1,176	2,030	2,763	9,314	4,913
Capital Expenditures CapEx Growth	-1,601	-2,319	-3,398	-4,988	-4,213	-3,266
Free Cash Flow Free Cash Flow Growth	834	-1,143	-1,368	-2,225	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	51.66%	56.78%	55.95%	49.67%	52.12%	52.59%
Operating Margin	3.84%	11.24%	11.10%	16.63%	27.05%	17.16%
Pretax Margin	3.70%	6.10%	8.09%	13.39%	26.66%	17.28%
Profit Margin	-0.69%	4.50%	3.06%	0.79%	21.01%	13.83%
FCF Margin	5.27%	-7.64%	-7.25%	-10.34%	11.11%	4.88%

Dividends

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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
Dividend Per Share Dividend Per Share Growth	-	0.300	-	6.000	3.000
Dividend Per Share Growth	-	-	-	100.00%	1900.00%
Dividend Yield	0.98%	0.00%	28.40%	8.52%	0.52%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 4, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	69.31	-	22.75	192.36	2.34	4.01
Forward PE	13.51	23.32	9.71	33.65	5.29	5.31
P/FCF Ratio	20.78	-	-	-	4.38	11.46
PS Ratio	0.73	1.29	0.59	0.62	0.49	0.56

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 10, 2026

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

Update frequency:

Quarterly

Last checked:

Jul 31, 2026

Data Sources Report a data error