Nel ASA (OSL:NEL)
Norway flag Norway · Delayed Price · Currency is NOK
2.136
-0.124 (-5.49%)
At close: Mar 20, 2026

Nel ASA Income Statement

Millions NOK. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Revenue
963.111,3901,350914.85753.1
963.111,3901,350914.85753.1
Revenue Growth (YoY)
-30.71%2.97%47.54%21.48%30.22%
Cost of Revenue
408.32517.7730.17595.39557.27
Gross Profit
554.79872.21619.64319.47195.82
Selling, General & Admin
511.58577.83486.65612.97434.47
Other Operating Expenses
339.32467.32408.89486.37238.85
Operating Expenses
1,1411,2621,0661,271776.43
Operating Income
-586.58-389.43-446.17-951.36-580.61
Interest Expense
-16.67-16.48-14.9-11.17-4.03
Interest & Investment Income
92.66127.76166.8572.219.74
Earnings From Equity Investments
4.53--3.71--0.04
Currency Exchange Gain (Loss)
-16.913.5726.5556.46-3.53
Other Non Operating Income (Expenses)
11.123.045.444.780.06
EBT Excluding Unusual Items
-511.84-261.54-265.95-829.09-568.4
Impairment of Goodwill
----296.44-
Gain (Loss) on Sale of Investments
-6.22-2.65-310.97-30.61-1,113
Gain (Loss) on Sale of Assets
----2.25
Asset Writedown
-799.41--1.42-30.86-4.5
Pretax Income
-1,296-264.19-574.27-1,187-1,684
Income Tax Expense
-31.04-6.55-8.16-15.83-16.98
Earnings From Continuing Operations
-1,265-257.63-566.1-1,171-1,667
Earnings From Discontinued Operations
-13.29-289.09--
Net Income
-1,265-244.34-855.2-1,171-1,667
Net Income to Common
-1,265-244.34-855.2-1,171-1,667
Shares Outstanding (Basic)
1,8061,6711,6521,5381,461
Shares Outstanding (Diluted)
1,8061,6711,6521,5381,461
Shares Change (YoY)
8.06%1.18%7.39%5.30%5.21%
EPS (Basic)
-0.70-0.15-0.52-0.76-1.14
EPS (Diluted)
-0.70-0.15-0.52-0.76-1.14
Free Cash Flow
-397.95-768.92-1,243-851.07-707.74
Free Cash Flow Per Share
-0.22-0.46-0.75-0.55-0.48
Gross Margin
57.60%62.75%45.91%34.92%26.00%
Operating Margin
-60.90%-28.02%-33.05%-103.99%-77.10%
Profit Margin
-131.36%-17.58%-63.36%-128.02%-221.33%
Free Cash Flow Margin
-41.32%-55.32%-92.11%-93.03%-93.98%
EBITDA
-327.72-202.68-254.18-801.23-493.66
EBITDA Margin
-34.03%-14.58%-18.83%-87.58%-65.55%
D&A For EBITDA
258.86186.75191.99150.1386.95
EBIT
-586.58-389.43-446.17-951.36-580.61
EBIT Margin
-60.90%-28.02%-33.05%-103.99%-77.10%
Revenue as Reported
1,1001,4951,427993.58798
Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.