Photocure 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	532.58	525.39	500.66	393.13	360.54
Other Revenue	-	-0	-	-	-
Revenue	532.58	525.39	500.66	393.13	360.54
Revenue Growth (YoY)	1.37%	4.94%	27.35%	9.04%	40.57%
Cost of Revenue	41.99	30.72	26.14	22.7	24.05
Gross Profit	490.59	494.67	474.52	370.44	336.49
Selling, General & Admin	380.15	371.15	347.56	318.81	274.7
Research & Development	0.4	3.63	2.07	3.34	4.32
Other Operating Expenses	110.78	99.49	97.09	97.29	63.3
Operating Expenses	491.33	474.27	446.71	419.44	342.32
Operating Income	-0.74	20.4	27.81	-49	-5.83
Interest Expense	-33.58	-28.03	-26.33	-25.8	-23.83
Interest & Investment Income	17.64	12.87	11.71	2.34	1.81
Currency Exchange Gain (Loss)	-	3.2	-2.01	2.29	13.31
Other Non Operating Income (Expenses)	-0	-0.04	-1.44	-0.96	-17.12
EBT Excluding Unusual Items	-16.69	8.39	9.74	-71.13	-31.66
Pretax Income	-16.69	8.39	9.74	-71.13	-31.66
Income Tax Expense	-15.17	11.73	8.76	0.72	-0.76
Net Income	-1.52	-3.34	0.98	-71.86	-30.9
Net Income to Common	-1.52	-3.34	0.98	-71.86	-30.9
Shares Outstanding (Basic)	27	27	27	27	27
Shares Outstanding (Diluted)	27	27	27	27	27
Shares Change (YoY)	-1.64%	-0.10%	0.36%	0.71%	9.02%
EPS (Basic)	-0.06	-0.12	0.04	-2.66	-1.15
EPS (Diluted)	-0.06	-0.12	0.04	-2.66	-1.15
Free Cash Flow	25.39	65.3	36	-5.63	20.18
Free Cash Flow Per Share	0.95	2.41	1.33	-0.21	0.75
Gross Margin	92.12%	94.15%	94.78%	94.23%	93.33%
Operating Margin	-0.14%	3.88%	5.55%	-12.46%	-1.62%
Profit Margin	-0.29%	-0.64%	0.20%	-18.28%	-8.57%
Free Cash Flow Margin	4.77%	12.43%	7.19%	-1.43%	5.60%
EBITDA	23.12	42.06	47.59	-31.02	11.96
EBITDA Margin	4.34%	8.01%	9.50%	-7.89%	3.32%
D&A For EBITDA	23.87	21.66	19.78	17.98	17.79
EBIT	-0.74	20.4	27.81	-49	-5.83
EBIT Margin	-0.14%	3.88%	5.55%	-12.46%	-1.62%
Effective Tax Rate	-	139.81%	89.95%	-	-
Revenue as Reported	532.58	525.39	500.66	393.13	360.54

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