Photocure ASA (OSL:PHO)

Photocure ASA Financials Overview

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

Revenue & Profits

Chart

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
Revenue Revenue Growth	678.72	532.58	525.39	500.66	393.13	360.54
Revenue Growth	29.81%	1.37%	4.94%	27.35%	9.04%	40.57%
Gross Profit Gross Profit Growth	635.2	490.59	494.67	474.52	370.43	336.49
Operating Income Operating Income Growth	108.66	-0.74	20.4	27.81	-49	-5.83
Net Income Net Income Growth	79.45	-1.52	-3.34	0.98	-71.86	-30.9
Earnings Per Share EPS Growth	2.97	-0.06	-0.19	0.04	-2.66	-1.15
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Chart

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
Development Portfolio - R&D Development Portfolio - R&D Growth	-	2.52	35.64	54.44	18.51	1.84
Commercial Franchise - Hexvix Europe Commercial Franchise - Hexvix Europe Growth	319.28	309.79	285.56	263.55	221.83	225.75
Commercial Franchise - Cysview North America Commercial Franchise - Cysview North America Growth	227.12	219.94	202.32	178.63	150.78	125.23
Commercial Franchise - Other Sales Commercial Franchise - Other Sales Growth	1.72	0.33	1.87	4.04	2.02	7.72
Total Total Growth	553.15	532.58	525.39	500.66	393.13	360.54

Cash & Debt

Chart

Fiscal Year	Current	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 & Investments Cash & Investments Growth	162.42	238.89	293.85	259.5	268.07	322.9
Total Debt Total Debt Growth	0	20.25	26.44	27.99	48.64	72.89
Net Cash (Debt) Net Cash Growth	162.42	218.64	267.41	231.51	219.44	250
Net Cash Growth	-32.07%	-18.24%	15.50%	5.50%	-12.23%	-11.03%
Net Cash Per Share Net Cash Per Share Growth	6.07	8.20	9.87	8.53	8.08	9.22

Cash Flow & CapEx

Chart

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
Operating Cash Flow Operating Cash Flow Growth	92.29	31.67	76.75	48.31	-2.02	23.89
Capital Expenditures CapEx Growth	-23.64	-21.69	-11.45	-12.31	-3.61	3.7
Free Cash Flow Free Cash Flow Growth	68.66	9.98	65.3	36	-5.63	27.59
Free Cash Flow Growth	47.72%	-84.72%	81.38%	-	-	91.59%

Margins

Chart

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
Gross Margin	93.59%	92.12%	94.15%	94.78%	94.23%	93.33%
Operating Margin	16.01%	-0.14%	3.88%	5.55%	-12.46%	-1.62%
Pretax Margin	14.43%	-3.13%	1.60%	1.95%	-18.09%	-8.78%
Profit Margin	11.60%	-0.28%	-0.64%	0.20%	-18.28%	-8.57%
FCF Margin	10.12%	1.87%	12.43%	7.19%	-1.43%	7.65%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 5, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	16.38	-	-	1685.00	-	-
Forward PE	25.56	137.31	125.20	192.90	185.71	131.96
P/FCF Ratio	19.29	190.35	25.73	50.74	-	100.36
PS Ratio	1.91	3.57	3.20	3.65	7.36	7.68

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: Jul 28, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Aug 4, 2026

Data Sources Report a data error