Norske Skog 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
Operating Revenue	9,445	9,233	9,891	14,537	9,848
Other Revenue	-	1	-	-	1
Revenue	9,445	9,234	9,891	14,537	9,849
Revenue Growth (YoY)	2.28%	-6.64%	-31.96%	47.60%	7.37%
Cost of Revenue	6,680	6,356	6,493	8,456	6,463
Gross Profit	2,765	2,878	3,398	6,081	3,386
Selling, General & Admin	2,702	2,749	2,655	3,298	2,945
Other Operating Expenses	-137	-146	-1,314	-131	-160
Operating Expenses	3,122	3,084	1,805	3,713	3,235
Operating Income	-357	-206	1,593	2,368	151
Interest Expense	-249	-212	-208	-131	-117
Interest & Investment Income	47	84	93	31	4
Earnings From Equity Investments	-	-65	-15	188	-18
Currency Exchange Gain (Loss)	77	-175	-71	-97	78
Other Non Operating Income (Expenses)	272	-317	-693	403	-257
EBT Excluding Unusual Items	-210	-891	699	2,762	-159
Merger & Restructuring Charges	-5	-16	-32	-11	-192
Gain (Loss) on Sale of Assets	8	3	5	191	16
Asset Writedown	-	-121	-27	-164	22
Other Unusual Items	-	-	-	-	18
Pretax Income	353	-567	645	2,778	-295
Income Tax Expense	-88	94	110	206	68
Earnings From Continuing Operations	441	-661	535	2,572	-363
Earnings From Discontinued Operations	-37	-321	-54	-	-
Net Income	404	-982	481	2,572	-363
Net Income to Common	404	-982	481	2,572	-363
Net Income Growth	-	-	-81.30%	-	-
Shares Outstanding (Basic)	85	85	85	94	93
Shares Outstanding (Diluted)	85	85	85	94	93
Shares Change (YoY)	-	-	-10.07%	1.29%	12.85%
EPS (Basic)	4.76	-11.58	5.67	27.27	-3.90
EPS (Diluted)	4.76	-11.58	5.67	27.27	-3.90
EPS Growth	-	-	-79.20%	-	-
Free Cash Flow	-755	-1,573	-1,156	-188	-830
Free Cash Flow Per Share	-8.90	-18.55	-13.63	-1.99	-8.91
Dividend Per Share	-	-	-	0.670	-
Gross Margin	29.28%	31.17%	34.35%	41.83%	34.38%
Operating Margin	-3.78%	-2.23%	16.11%	16.29%	1.53%
Profit Margin	4.28%	-10.63%	4.86%	17.69%	-3.69%
Free Cash Flow Margin	-7.99%	-17.04%	-11.69%	-1.29%	-8.43%
EBITDA	181	267	2,065	2,874	546
EBITDA Margin	1.92%	2.89%	20.88%	19.77%	5.54%
D&A For EBITDA	538	473	472	506	395
EBIT	-357	-206	1,593	2,368	151
EBIT Margin	-3.78%	-2.23%	16.11%	16.29%	1.53%
Effective Tax Rate	-	-	17.05%	7.41%	-
Revenue as Reported	10,482	10,173	11,557	15,214	10,315

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