Nel ASA (OSL:NEL)
Norway · Delayed Price · Currency is NOK 2.065
+0.045 (2.23%)
Oct 16, 2026, 4:25 PM CET
Nel ASA Financials Overview
Financials in millions NOK. Fiscal year is January - December.
Millions NOK. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | 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 |
Revenue Revenue Growth | 743.64 | 963.11 | 1,390 | 1,350 | 914.85 | 753.1 |
Revenue Growth | -29.05% | -30.71% | 2.97% | 47.54% | 21.48% | 30.22% |
Gross Profit Gross Profit Growth | 433.44 | 554.79 | 872.21 | 619.64 | 319.47 | 195.82 |
Operating Income Operating Income Growth | -640.59 | -586.58 | -389.43 | -446.17 | -951.36 | -580.61 |
Net Income Net Income Growth | -1,343 | -1,265 | -244.34 | -855.2 | -1,171 | -1,667 |
Earnings Per Share EPS Growth | -0.73 | -0.70 | -0.15 | -0.52 | -0.76 | -1.14 |
EPS Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 |
Nel Alkaline Electrolyser Nel Alkaline Electrolyser Growth | 330.16 | 562.28 | 1,009 | 875.63 |
Nel Pem Electrolyser Nel Pem Electrolyser Growth | 413.49 | 400.83 | 380.55 | 474.17 |
Total Total Growth | 743.64 | 963.11 | 1,390 | 1,350 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash & Investments Cash & Investments Growth | 1,078 | 1,629 | 1,876 | 3,387 | 3,686 | 3,331 |
Total Debt Total Debt Growth | 209.21 | 233.15 | 260 | 259.66 | 223.05 | 156.61 |
Net Cash (Debt) Net Cash Growth | 869.19 | 1,396 | 1,616 | 3,128 | 3,463 | 3,174 |
Net Cash Growth | -42.70% | -13.59% | -48.35% | -9.67% | 9.09% | -19.55% |
Net Cash Per Share Net Cash Per Share Growth | 0.47 | 0.77 | 0.97 | 1.89 | 2.25 | 2.17 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | 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 Cash Flow Operating Cash Flow Growth | -370.38 | -252.8 | -241.58 | -669.67 | -690.58 | -449.46 |
Capital Expenditures CapEx Growth | -123.07 | -145.16 | -527.34 | -573.59 | -160.49 | -258.28 |
Free Cash Flow Free Cash Flow Growth | -493.45 | -397.95 | -768.92 | -1,243 | -851.07 | -707.74 |
Free Cash Flow Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 30, 2026 | 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 |
Gross Margin | 58.29% | 57.60% | 62.75% | 45.91% | 34.92% | 26.00% |
Operating Margin | -86.14% | -60.90% | -28.02% | -33.05% | -103.99% | -77.10% |
Pretax Margin | -184.38% | -134.58% | -19.01% | -42.54% | -129.75% | -223.59% |
Profit Margin | -180.64% | -131.36% | -17.58% | -63.36% | -128.02% | -221.33% |
FCF Margin | -66.36% | -41.32% | -55.32% | -92.11% | -93.03% | -93.98% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Oct '26 Oct 17, 2026 | 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 |
Forward PE | - | 10.92 | 10.92 | 10.92 | 10.92 | 10.92 |
PS Ratio | 5.10 | 4.26 | 3.25 | 8.53 | 23.67 | 29.50 |