Norcod AS (OSL:NCOD)
Norway flag Norway · Delayed Price · Currency is NOK
12.50
+0.55 (4.60%)
Sep 16, 2026, 3:20 PM CET

Norcod AS Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
247.21444.37397.18269.42170.5472.63
Revenue Growth
-48.23%11.88%47.42%57.98%134.80%905.30%
Gross Profit
150.95102.4642.59-29.19-167.45-11.55
Operating Income
-76.91-133.78-176.07-210.43-280.89-65.39
Net Income
-183.56-235.3-235-246.18-297.22-75.16
Earnings Per Share
--3.87-5.85-10.54-15.50-3.92
EPS Growth
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Revenue by Segment

Fiscal YearFY 2025FY 2024FY 2023
Period EndingDec '25 Dec '24 Dec '23
Farming
466.1419.58278.46
Eliminations
-74.96-82.13-36.71
Harvesting
53.2359.7427.67
Total
444.37397.18269.42

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
7.7312.3122.5318.783.4129.42
Total Debt
487.49296.62368.11305.46235.37148.16
Net Cash (Debt)
-479.75-284.31-345.57-286.69-231.95-118.74
Net Cash Growth
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Net Cash Per Share
--4.68-8.61-12.27-12.09-6.19

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-275.42-197.14-186.11-231.02-201.78-85.21
Capital Expenditures
-62.42-28.85-15.34-24.55-36.98-58.2
Free Cash Flow
-337.84-225.98-201.45-255.57-238.76-143.4
Free Cash Flow Growth
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Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
61.06%23.06%10.72%-10.83%-98.19%-15.90%
Operating Margin
-31.11%-30.11%-44.33%-78.10%-164.71%-90.03%
Pretax Margin
-74.25%-52.95%-59.17%-92.53%-174.28%-103.47%
Profit Margin
-74.25%-52.95%-59.17%-91.37%-174.28%-103.47%
FCF Margin
-136.66%-50.85%-50.72%-94.86%-140.00%-197.43%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PS Ratio
3.812.201.491.646.7625.56