NRC Group ASA Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	6,553	6,892	6,732	7,030	5,957
Revenue Growth (YoY)	-4.92%	2.38%	-4.24%	18.01%	-7.63%
Cost of Revenue	6,197	5,701	5,387	5,814	4,718
Gross Profit	356	1,191	1,345	1,216	1,239
Selling, General & Admin	-	888	815	703	717
Amortization of Goodwill & Intangibles	12	664	15	33	-
Other Operating Expenses	5	201	197	178	187
Operating Expenses	221	1,934	1,224	1,099	1,164
Operating Income	135	-743	121	117	75
Interest Expense	-90	-84	-85	-62	-65
Interest & Investment Income	-	66	11	6	2
Earnings From Equity Investments	-	-18	-2	-15	-
Currency Exchange Gain (Loss)	-	-	1	-1	-2
Other Non Operating Income (Expenses)	2	-63	16	-	-
EBT Excluding Unusual Items	47	-842	62	45	10
Merger & Restructuring Charges	5	-77	-14	-2	-34
Impairment of Goodwill	-	-	-	-352	-
Gain (Loss) on Sale of Assets	-	-	-3	-	-
Asset Writedown	-	-	-	-4	-
Pretax Income	52	-919	45	-313	-24
Income Tax Expense	27	81	8	51	3
Earnings From Continuing Operations	25	-1,000	37	-364	-27
Net Income to Company	25	-1,000	37	-364	-27
Minority Interest in Earnings	-	-	1	1	1
Net Income	25	-1,000	38	-363	-26
Net Income to Common	25	-1,000	38	-363	-26
Shares Outstanding (Basic)	179	95	73	73	73
Shares Outstanding (Diluted)	179	95	74	73	73
Shares Change (YoY)	88.16%	27.71%	2.00%	-0.08%	0.98%
EPS (Basic)	0.14	-10.54	0.52	-4.98	-0.36
EPS (Diluted)	0.14	-10.54	0.51	-4.98	-0.36
Free Cash Flow	68	-18	341	188	333
Free Cash Flow Per Share	0.38	-0.19	4.59	2.58	4.57
Gross Margin	5.43%	17.28%	19.98%	17.30%	20.80%
Operating Margin	2.06%	-10.78%	1.80%	1.66%	1.26%
Profit Margin	0.38%	-14.51%	0.56%	-5.16%	-0.44%
Free Cash Flow Margin	1.04%	-0.26%	5.07%	2.67%	5.59%
EBITDA	339	-689	172	184	168
EBITDA Margin	5.17%	-10.00%	2.56%	2.62%	2.82%
D&A For EBITDA	204	54	51	67	93
EBIT	135	-743	121	117	75
EBIT Margin	2.06%	-10.78%	1.80%	1.66%	1.26%
Effective Tax Rate	51.92%	-	17.78%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.