PetroNor E&P ASA Income Statement

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

Millions USD. 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	83.11	204.53	187.33	146.07	106.46
Revenue Growth (YoY)	-59.36%	9.18%	28.25%	37.20%	57.62%
Cost of Revenue	26.24	105.19	70.67	46.21	34.59
Gross Profit	56.87	99.34	116.66	99.86	71.88
Selling, General & Admin	7.66	13.02	11.13	14.16	13.13
Other Operating Expenses	0.34	3.54	2.71	1.06	0.13
Operating Expenses	8.26	16.6	14.59	15.76	15.53
Operating Income	48.61	82.74	102.07	84.09	56.35
Interest Expense	-	-0.35	-0.81	-2.32	-2.05
Interest & Investment Income	1.92	1.87	-	-	-
Currency Exchange Gain (Loss)	-0.35	0.17	-0.27	-1.93	-0.06
Other Non Operating Income (Expenses)	-0.01	-0.03	-0.04	-	-
EBT Excluding Unusual Items	50.16	84.39	100.95	79.85	54.25
Merger & Restructuring Charges	-0.31	-0.73	-	-	-
Asset Writedown	-7.4	-	-	-	-
Other Unusual Items	-	-	-	-0.17	-
Pretax Income	42.46	83.67	100.95	79.68	54.25
Income Tax Expense	31.39	39.98	39.85	47.58	33.1
Earnings From Continuing Operations	11.07	43.69	61.09	32.1	21.14
Earnings From Discontinued Operations	-	-1.53	17.96	2.32	-
Net Income to Company	11.07	42.16	79.05	34.43	21.14
Minority Interest in Earnings	-3.76	-8.52	-11.22	-7.39	-8.83
Net Income	7.31	33.64	67.83	27.04	12.31
Net Income to Common	7.31	33.64	67.83	27.04	12.31
Net Income Growth	-78.27%	-50.41%	150.89%	119.56%	418.92%
Shares Outstanding (Basic)	142	142	142	137	116
Shares Outstanding (Diluted)	142	142	142	137	116
Shares Change (YoY)	-	-	3.70%	18.15%	19.26%
EPS (Basic)	0.05	0.24	0.48	0.20	0.11
EPS (Diluted)	0.05	0.24	0.48	0.20	0.11
EPS Growth	-78.27%	-50.39%	141.80%	85.77%	341.67%
Free Cash Flow	42.02	47.7	11.17	-0.59	0.11
Free Cash Flow Per Share	0.29	0.34	0.08	-0.00	0.00
Gross Margin	68.42%	48.57%	62.28%	68.36%	67.52%
Operating Margin	58.48%	40.45%	54.49%	57.57%	52.93%
Profit Margin	8.79%	16.45%	36.21%	18.51%	11.57%
Free Cash Flow Margin	50.55%	23.32%	5.96%	-0.40%	0.11%
EBITDA	70.95	106.47	121.79	94.23	61.77
EBITDA Margin	85.37%	52.05%	65.01%	64.52%	58.02%
D&A For EBITDA	22.35	23.73	19.72	10.14	5.42
EBIT	48.61	82.74	102.07	84.09	56.35
EBIT Margin	58.48%	40.45%	54.49%	57.57%	52.93%
Effective Tax Rate	73.94%	47.78%	39.48%	59.71%	61.02%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.