Norsk Hydro ASA (OSL:NHY)

Norsk Hydro ASA Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	204,639	207,971	203,636	193,619	207,929	149,653
Revenue Growth	-4.98%	2.13%	5.17%	-6.88%	38.94%	30.94%
Gross Profit Gross Profit Growth	75,826	74,855	74,287	70,081	78,556	60,810
Operating Income Operating Income Growth	41,890	41,218	42,228	38,813	50,598	34,014
Net Income Net Income Growth	9,761	6,717	5,790	3,583	24,154	12,160
Earnings Per Share EPS Growth	4.97	3.41	2.90	1.77	11.78	5.93
EPS Growth	2.64%	17.64%	64.13%	-85.01%	98.64%	558.40%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Hydro Bauxite & Alumina Hydro Bauxite & Alumina Growth	40,753	50,603	54,219	35,521	33,952	27,699
Hydro Energy Hydro Energy Growth	11,788	12,554	10,589	11,557	12,615	10,149
Hydro Aluminium Metal Hydro Aluminium Metal Growth	62,199	57,200	55,486	58,375	65,483	42,548
Hydro Metal Markets Hydro Metal Markets Growth	88,142	86,019	81,391	81,315	90,968	65,061
Hydro Extrusions Hydro Extrusions Growth	81,516	78,426	75,133	82,645	91,176	70,296
Other and Eliminations Other and Eliminations Growth	-79,760	-76,831	-73,182	-75,793	-86,265	-66,099
Total Total Growth	204,638	207,971	203,636	193,620	207,929	149,654

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	19,202	24,074	16,625	26,294	31,527	26,327
Total Debt Total Debt Growth	35,726	36,574	34,748	36,089	32,775	28,417
Net Cash (Debt) Net Cash Growth	-16,524	-12,500	-18,123	-9,795	-1,248	-2,090
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-8.41	-6.34	-9.07	-4.83	-0.61	-1.02

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	18,831	23,311	15,356	22,220	29,337	14,330
Capital Expenditures CapEx Growth	-11,544	-11,582	-13,555	-13,638	-9,604	-6,020
Free Cash Flow Free Cash Flow Growth	7,287	11,729	1,801	8,582	19,733	8,310
Free Cash Flow Growth	-29.11%	551.25%	-79.01%	-56.51%	137.46%	14.89%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	37.05%	35.99%	36.48%	36.20%	37.78%	40.63%
Operating Margin	20.47%	19.82%	20.74%	20.05%	24.33%	22.73%
Pretax Margin	7.43%	6.60%	4.35%	3.38%	15.57%	12.29%
Profit Margin	4.77%	3.23%	2.84%	1.85%	11.62%	8.13%
FCF Margin	3.56%	5.64%	0.88%	4.43%	9.49%	5.55%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	3.000	3.000	2.250	2.500	5.650	3.400
Dividend Per Share Growth	33.33%	33.33%	-10.00%	-55.75%	66.18%	172.00%
Dividend Yield	3.30%	3.95%	3.85%	4.06%	9.26%	6.51%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 25, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	18.82	23.03	21.37	38.41	6.21	11.73
Forward PE	9.75	11.51	8.76	15.39	10.54	8.32
P/FCF Ratio	25.21	13.19	68.71	16.04	7.60	17.16
PS Ratio	0.90	0.74	0.61	0.71	0.72	0.95

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

Data Sources Report a data error