Norwegian Air Shuttle 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	36,536	34,183	24,316	18,068	4,853
Other Revenue	1,110	1,134	1,223	801.6	214.5
Revenue	37,646	35,317	25,539	18,869	5,068
Revenue Growth (YoY)	6.59%	38.29%	35.35%	272.34%	-44.28%
Cost of Revenue	31,443	28,823	20,397	17,212	6,959
Gross Profit	6,203	6,494	5,142	1,657	-1,892
Other Operating Expenses	3,329	4,327	2,875	2,262	1,627
Operating Expenses	3,329	4,327	2,875	2,262	1,627
Operating Income	2,874	2,168	2,268	-604.3	-3,518
Interest Expense	-1,271	-1,135	-848	-650	-682.3
Interest & Investment Income	304	618.7	395	144	13.7
Earnings From Equity Investments	1	-9	-	-	-
Currency Exchange Gain (Loss)	-	-270	-36	-126.6	276.3
Other Non Operating Income (Expenses)	250	-18.7	18.2	2,103	177.1
EBT Excluding Unusual Items	2,158	1,354	1,797	866.4	-3,734
Merger & Restructuring Charges	-	-	-	-	-24.9
Gain (Loss) on Sale of Assets	-	1.9	7.1	65.5	269.9
Other Unusual Items	858	-	-	114.6	5,365
Pretax Income	3,016	1,355	1,804	1,047	1,876
Income Tax Expense	308	0.3	66.9	41	5.5
Earnings From Continuing Operations	2,708	1,355	1,737	1,006	1,871
Net Income	2,708	1,355	1,737	1,006	1,871
Preferred Dividends & Other Adjustments	62	141.9	126.3	85.9	31.8
Net Income to Common	2,646	1,213	1,611	919.6	1,839
Net Income Growth	99.84%	-21.98%	72.74%	-46.24%	-
Shares Outstanding (Basic)	1,018	963	948	930	523
Shares Outstanding (Diluted)	1,086	1,127	1,127	1,125	699
Shares Change (YoY)	-3.64%	0.03%	0.10%	61.12%	2997.47%
EPS (Basic)	2.60	1.26	1.70	0.99	3.52
EPS (Diluted)	2.49	1.20	1.54	0.89	2.68
EPS Growth	107.38%	-22.01%	72.56%	-66.66%	-
Free Cash Flow	2,960	5,714	4,755	1,571	133
Free Cash Flow Per Share	2.73	5.07	4.22	1.40	0.19
Dividend Per Share	1.700	-	-	-	-
Gross Margin	16.48%	18.39%	20.14%	8.78%	-37.32%
Operating Margin	7.63%	6.14%	8.88%	-3.20%	-69.43%
Profit Margin	7.03%	3.44%	6.31%	4.87%	36.28%
Free Cash Flow Margin	7.86%	16.18%	18.62%	8.33%	2.62%
EBITDA	7,105	2,784	2,415	-489.7	-3,273
EBITDA Margin	18.87%	7.88%	9.45%	-2.60%	-64.59%
D&A For EBITDA	4,231	616.9	147.1	114.6	245.2
EBIT	2,874	2,168	2,268	-604.3	-3,518
EBIT Margin	7.63%	6.14%	8.88%	-3.20%	-69.43%
Effective Tax Rate	10.21%	0.02%	3.71%	3.92%	0.29%
Revenue as Reported	37,646	35,317	25,539	18,869	5,068

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.