Salmon Evolution ASA Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	376.57	467.74	153.33	46.11	12.05	-
Other Revenue	0.26	3.83	15.1	1.57	0	0.7
Revenue	376.82	471.57	168.42	47.68	12.05	0.7
Revenue Growth (YoY)	-8.29%	179.99%	253.23%	295.76%	1628.55%	-
Cost of Revenue	196.86	181.83	27.56	-11.11	0.91	-
Gross Profit	179.96	289.75	140.87	58.79	11.14	0.7
Selling, General & Admin	89.85	80.91	85.12	53.28	21.57	9.06
Other Operating Expenses	164.19	147.91	119.55	62.26	25.39	8.78
Operating Expenses	338.06	304.97	251.4	121.72	49.19	18.38
Operating Income	-158.09	-15.22	-110.53	-62.93	-38.05	-17.68
Interest Expense	-55.26	-53.23	-33.91	-3.01	-1.01	-0.06
Interest & Investment Income	14.61	21.25	15.59	8.73	4.06	1.11
Earnings From Equity Investments	-7.98	-7.81	-7.1	-0.95	-0.63	-
Currency Exchange Gain (Loss)	5,334	5,334	45.18	0.48	0.78	-0.21
Other Non Operating Income (Expenses)	-5,327	-5,327	-55	24.95	1.69	-
EBT Excluding Unusual Items	-199.67	-47.41	-145.77	-32.73	-33.17	-16.83
Gain (Loss) on Sale of Assets	-	-	-	-	0.21	-
Other Unusual Items	-	-	-	-	-	0.01
Pretax Income	-199.67	-47.41	-145.77	-32.73	-32.96	-16.83
Income Tax Expense	-	-	-	-	-6.51	-
Net Income	-199.67	-47.41	-145.77	-32.73	-26.45	-16.83
Net Income to Common	-199.67	-47.41	-145.77	-32.73	-26.45	-16.83
Shares Outstanding (Basic)	463	440	391	337	291	127
Shares Outstanding (Diluted)	463	440	391	337	291	127
Shares Change (YoY)	8.05%	12.55%	16.08%	15.70%	130.17%	333.90%
EPS (Basic)	-0.43	-0.11	-0.37	-0.10	-0.09	-0.13
EPS (Diluted)	-0.43	-0.11	-0.37	-0.10	-0.09	-0.13
Free Cash Flow	-1,104	-307.63	-496.58	-839.62	-864.67	-175.55
Free Cash Flow Per Share	-2.39	-0.70	-1.27	-2.49	-2.97	-1.39
Gross Margin	47.76%	61.44%	83.64%	123.30%	92.47%	100.00%
Operating Margin	-41.95%	-3.23%	-65.63%	-131.98%	-315.81%	-2537.16%
Profit Margin	-52.99%	-10.05%	-86.55%	-68.64%	-219.50%	-2414.06%
Free Cash Flow Margin	-292.98%	-65.23%	-294.84%	-1760.91%	-7176.87%	-25186.51%
EBITDA	-83.42	55.67	-68.32	-60.42	-37.18	-17.37
EBITDA Margin	-22.14%	11.80%	-40.56%	-126.71%	-	-
D&A For EBITDA	74.67	70.89	42.21	2.51	0.87	0.31
EBIT	-158.09	-15.22	-110.53	-62.93	-38.05	-17.68
EBIT Margin	-41.95%	-3.23%	-65.63%	-131.98%	-	-
Revenue as Reported	376.82	471.57	168.42	47.68	12.26	0.7

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.