HAV 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	801.81	756.82	615.43	620.34	915.06
Other Revenue	1.23	2.16	1.67	1.47	1.66
Revenue	803.04	758.97	617.1	621.82	916.72
Revenue Growth (YoY)	5.81%	22.99%	-0.76%	-32.17%	42.49%
Cost of Revenue	487.73	513.82	367.78	392.16	614.53
Gross Profit	315.31	245.16	249.32	229.66	302.18
Selling, General & Admin	202.55	223.1	182.4	159.57	136.75
Other Operating Expenses	90.36	57.14	57.83	50.32	57.35
Operating Expenses	312.62	296.65	257.22	227.69	211.55
Operating Income	2.69	-51.49	-7.9	1.97	90.63
Interest Expense	-28.62	-3.25	-3.02	-3.36	-3.22
Interest & Investment Income	30.47	5.85	3.57	1.69	0.39
Currency Exchange Gain (Loss)	-	-	-	-	-1.76
Other Non Operating Income (Expenses)	-0	11.84	1.37	4	-0.07
Pretax Income	4.54	-37.05	-5.98	4.31	85.96
Income Tax Expense	-	-5.45	-1.67	1.5	12.03
Earnings From Continuing Operations	4.54	-31.61	-4.31	2.81	73.93
Minority Interest in Earnings	-	0.84	-0.01	-3.29	-3.39
Net Income	4.54	-30.77	-4.32	-0.48	70.54
Net Income to Common	4.54	-30.77	-4.32	-0.48	70.54
Net Income Growth	-	-	-	-	225.99%
Shares Outstanding (Basic)	35	35	39	33	35
Shares Outstanding (Diluted)	35	35	39	33	35
Shares Change (YoY)	-0.42%	-10.02%	16.80%	-4.50%	-0.18%
EPS (Basic)	0.13	-0.88	-0.11	-0.01	2.02
EPS (Diluted)	0.13	-0.88	-0.11	-0.01	2.02
EPS Growth	-	-	-	-	226.59%
Free Cash Flow	-33.26	96.14	-13.2	-76.79	272.38
Free Cash Flow Per Share	-0.95	2.74	-0.34	-2.30	7.80
Gross Margin	39.27%	32.30%	40.40%	36.93%	32.96%
Operating Margin	0.34%	-6.78%	-1.28%	0.32%	9.89%
Profit Margin	0.56%	-4.05%	-0.70%	-0.08%	7.70%
Free Cash Flow Margin	-4.14%	12.67%	-2.14%	-12.35%	29.71%
EBITDA	20.26	-48.17	-4.37	4.04	92.08
EBITDA Margin	2.52%	-6.35%	-0.71%	0.65%	10.04%
D&A For EBITDA	17.56	3.32	3.53	2.07	1.45
EBIT	2.69	-51.49	-7.9	1.97	90.63
EBIT Margin	0.34%	-6.78%	-1.28%	0.32%	9.89%
Effective Tax Rate	-	-	-	34.75%	13.99%
Revenue as Reported	803.04	758.97	617.1	621.82	916.72

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