Norsk Hydro ASA (OSL:NHY)

Norsk Hydro ASA Cash Flow Statement

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

Operating Activities

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
Net Income	9,761	6,717	5,790	3,583	24,154	12,160
Depreciation & Amortization	10,501	10,236	10,120	9,369	8,593	7,844
Other Amortization	94	94	92	99	-	-
Loss (Gain) From Sale of Assets	-378	-378	-127	6	20	382
Asset Writedown & Restructuring Costs	1,285	1,148	39	4,421	336	437
Loss (Gain) on Equity Investments	1,306	1,306	1,426	552	-100	219
Other Operating Activities	-6,595	1,331	3,900	144	526	-1,172
Change in Accounts Receivable	1,441	1,441	-1,768	1,017	-980	-6,675
Change in Inventory	-492	-492	-2,263	7,155	-6,269	-7,527
Change in Accounts Payable	450	450	-162	-1,293	-1,532	5,566
Change in Other Net Operating Assets	1,458	1,458	-1,691	-2,833	4,645	-554
Operating Cash Flow	18,831	23,311	15,356	22,220	29,337	14,330
Operating Cash Flow Growth	-17.69%	51.80%	-30.89%	-24.26%	104.72%	12.30%

Investing Activities

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
Capital Expenditures	-11,544	-11,582	-13,555	-13,638	-9,604	-6,020
Sale of Property, Plant & Equipment	254	254	139	139	187	371
Investment in Securities	-1,799	-6,629	401	-7,365	-1,179	916
Other Investing Activities	88	52	99	105	35	49
Investing Cash Flow	-13,001	-17,905	-12,916	-20,759	-10,561	-4,684

Financing Activities

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
Short-Term Debt Issued	-	6	-	-	-	-
Long-Term Debt Issued	-	13,639	4,727	9,242	8,963	4,293
Total Debt Issued	4,728	13,645	4,727	9,242	8,963	4,293
Short-Term Debt Repaid	-	-	-2,242	-393	-241	-107
Long-Term Debt Repaid	-	-11,877	-8,714	-9,750	-7,158	-5,781
Total Debt Repaid	-8,069	-11,877	-10,956	-10,143	-7,399	-5,888
Net Debt Issued (Repaid)	-3,341	1,768	-6,229	-901	1,564	-1,595
Issuance of Common Stock	32	24	964	568	48	51
Repurchase of Common Stock	-	-856	-2,272	-2,157	-661	-
Common Dividends Paid	-6,154	-4,581	-5,015	-11,501	-7,098	-2,822
Other Financing Activities	-	-78	-5	7,291	-19	-
Financing Cash Flow	-9,463	-3,723	-12,557	-6,700	-13,247	-4,366

Net Cash Flow

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
Foreign Exchange Rate Adjustments	179	-647	699	240	1,353	5
Miscellaneous Cash Flow Adjustments	-	-	-151	-188	-	-
Net Cash Flow	-3,454	1,036	-9,569	-5,187	6,882	5,285

Free Cash Flow

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
Free Cash Flow	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%
Free Cash Flow Margin	3.56%	5.64%	0.88%	4.43%	9.49%	5.55%
Free Cash Flow Per Share	3.71	5.95	0.90	4.23	9.62	4.05
Levered Free Cash Flow	20,492	25,813	20,632	19,863	24,685	21,017
Unlevered Free Cash Flow	21,868	27,286	22,341	21,147	25,366	21,615

Additional Metrics

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
Cash Interest Paid	2,358	2,358	2,661	1,959	1,034	904
Cash Income Tax Paid	4,765	4,765	4,719	7,177	5,312	2,862
Change in Working Capital	2,857	2,857	-5,884	4,046	-4,136	-9,190

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