M Vest Water AS Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	24.01	22.68	11.01	1.82	0.44	4.02
Revenue Growth (YoY)	25.43%	106.08%	505.63%	316.46%	-89.15%	265.14%
Cost of Revenue	10.18	12.46	6.57	0.38	0.56	2.92
Gross Profit	13.83	10.23	4.44	1.44	-0.12	1.11
Selling, General & Admin	20.56	21.42	19.29	14.42	17.35	0.63
Other Operating Expenses	10.21	9.9	10.43	13.74	7.83	0.66
Operating Expenses	33.93	34.4	32.38	30.06	26.24	1.32
Operating Income	-20.1	-24.17	-27.94	-28.62	-26.37	-0.21
Interest Expense	-0.88	-0.47	-0.38	-0.36	-0.48	-0.09
Interest & Investment Income	0.08	0.28	0.47	0.3	0.07	0
Other Non Operating Income (Expenses)	-0.18	-0.16	-0.23	-0.23	-0.47	-0.09
EBT Excluding Unusual Items	-21.07	-24.53	-28.09	-28.9	-27.25	-0.39
Asset Writedown	-	-	-0.23	-	-	-
Pretax Income	-21.07	-24.53	-28.32	-28.9	-27.25	-0.39
Net Income	-21.07	-24.53	-28.32	-28.9	-27.25	-0.39
Net Income to Common	-21.07	-24.53	-28.32	-28.9	-27.25	-0.39
Shares Outstanding (Basic)	32	32	29	29	29	28
Shares Outstanding (Diluted)	32	32	29	29	29	28
Shares Change (YoY)	-0.85%	8.03%	-	-	4.29%	-
EPS (Basic)	-0.67	-0.78	-0.97	-0.99	-0.93	-0.01
EPS (Diluted)	-0.67	-0.78	-0.97	-0.99	-0.93	-0.01
Free Cash Flow	-20.29	-23.53	-26.02	-40.01	-24.46	-4.58
Free Cash Flow Per Share	-0.64	-0.75	-0.89	-1.37	-0.84	-0.16
Gross Margin	57.59%	45.08%	40.31%	79.36%	-27.69%	27.47%
Operating Margin	-83.69%	-106.55%	-253.86%	-1574.43%	-6041.15%	-5.32%
Profit Margin	-87.74%	-108.13%	-257.25%	-1590.20%	-6243.24%	-9.72%
Free Cash Flow Margin	-84.51%	-103.73%	-236.37%	-2201.04%	-5603.58%	-113.92%
EBITDA	-19.83	-22.74	-25.28	-26.72	-25.3	-0.18
EBITDA Margin	-82.58%	-100.24%	-229.65%	-	-	-4.40%
D&A For EBITDA	0.27	1.43	2.66	1.9	1.06	0.04
EBIT	-20.1	-24.17	-27.94	-28.62	-26.37	-0.21
EBIT Margin	-83.69%	-106.55%	-253.86%	-	-	-5.32%
Revenue as Reported	24.01	22.68	11.01	1.82	0.44	4.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.