REC Silicon 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	78.2	140.8	140.8	147.8	143.2
Revenue Growth (YoY)	-44.46%	-	-4.74%	3.21%	17.28%
Cost of Revenue	16.2	36.6	19.8	31.1	26
Gross Profit	62	104.2	121	116.7	117.2
Selling, General & Admin	36.6	42.1	41.7	42	39.8
Other Operating Expenses	49.2	79.3	99.8	109.2	77.5
Operating Expenses	95.7	132.7	154.3	174.2	145.5
Operating Income	-33.7	-28.5	-33.3	-57.5	-28.3
Interest Expense	-34.6	-28	-19.7	-20.6	-23.2
Interest & Investment Income	0.4	3.1	3.4	1.9	0.1
Currency Exchange Gain (Loss)	-	0.1	12.7	-9.7	0.8
Other Non Operating Income (Expenses)	2.5	-0.5	-0.4	-0.2	-0.5
EBT Excluding Unusual Items	-65.4	-53.8	-37.3	-86.1	-51.1
Merger & Restructuring Charges	2.3	-1.8	-	-0.5	-0.4
Gain (Loss) on Sale of Investments	-	-	135.5	-	-
Gain (Loss) on Sale of Assets	0.8	1	0.3	-	-
Asset Writedown	-7.6	-49.7	-7	-0.3	-0.3
Other Unusual Items	9.5	-	4.4	-	8.3
Pretax Income	-60.3	-104.3	95.9	-86.9	-43.5
Earnings From Continuing Operations	-60.3	-104.3	95.9	-86.9	-43.5
Earnings From Discontinued Operations	-2.8	-353.1	-65.4	0.1	13.4
Net Income	-63.1	-457.4	30.5	-86.8	-30.1
Net Income to Common	-63.1	-457.4	30.5	-86.8	-30.1
Shares Outstanding (Basic)	421	421	421	418	372
Shares Outstanding (Diluted)	421	421	421	418	372
Shares Change (YoY)	-	-	0.60%	12.27%	27.23%
EPS (Basic)	-0.15	-1.09	0.07	-0.21	-0.08
EPS (Diluted)	-0.15	-1.09	0.07	-0.21	-0.08
Free Cash Flow	-85.7	-223.3	-231.7	-98	-22.9
Free Cash Flow Per Share	-0.20	-0.53	-0.55	-0.23	-0.06
Gross Margin	79.28%	74.01%	85.94%	78.96%	81.84%
Operating Margin	-43.09%	-20.24%	-23.65%	-38.90%	-19.76%
Profit Margin	-80.69%	-324.86%	21.66%	-58.73%	-21.02%
Free Cash Flow Margin	-109.59%	-158.59%	-164.56%	-66.31%	-15.99%
EBITDA	-26.3	-19.8	-23.1	-37.5	-3.1
EBITDA Margin	-33.63%	-14.06%	-16.41%	-25.37%	-2.17%
D&A For EBITDA	7.4	8.7	10.2	20	25.2
EBIT	-33.7	-28.5	-33.3	-57.5	-28.3
EBIT Margin	-43.09%	-20.24%	-23.65%	-38.90%	-19.76%

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