Norconsult ASA Cash Flow Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	850	850	567	674	612
Depreciation & Amortization	552	552	489	459	404
Other Adjustments	-21	-17	64	-139	-45
Change in Receivables	12	-	98	-308	-194
Changes in Accounts Payable	-273	-	281	206	179
Changes in Other Operating Activities	2	-260	-2	30	-14
Operating Cash Flow	1,123	1,123	1,497	922	941
Operating Cash Flow Growth	-	-24.98%	62.36%	-2.02%	2.39%
Capital Expenditures	-77	-77	-81	-59	-69
Sale of Property, Plant & Equipment	2	2	1	1	12
Purchases of Intangible Assets	-43	-43	-33	-23	-30
Proceeds from Sale of Investments	147	147	0	-	-
Payments for Business Acquisitions	-1,537	-1,537	-59	-113	-206
Other Investing Activities	31	31	34	30	11
Investing Cash Flow	-1,477	-1,477	-138	-165	-282
Long-Term Debt Issued	1,293	1,293	0	-	-
Long-Term Debt Repaid	-415	-415	-389	-365	-312
Net Long-Term Debt Issued (Repaid)	878	878	-389	-365	-312
Issuance of Common Stock	80	80	51	-	-
Repurchase of Common Stock	-	-	-	80	-97
Net Common Stock Issued (Repurchased)	80	80	51	80	-97
Common Dividends Paid	-512	-512	-343	-869	-254
Other Financing Activities	-52	-67	-38	-43	-3
Financing Cash Flow	377	377	-728	-1,197	-666
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1	-1	14	22	6
Net Cash Flow	23	24	631	-439	-7
Free Cash Flow	1,046	1,046	1,416	863	872
Free Cash Flow Growth	-	-26.13%	64.08%	-1.03%	0.34%
FCF Margin	9.17%	9.17%	13.59%	9.01%	10.35%
Free Cash Flow Per Share	3.42	3.42	4.72	3.05	3.04
Levered Free Cash Flow	1,733	1,744	794	787	642
Unlevered Free Cash Flow	861.61	872.61	1,188	1,151	964.39

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.