Salmon Evolution 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	325.25	467.74	153.33	46.11	12.05
Other Revenue	0.77	3.83	15.1	1.57	0
Revenue	326.02	471.57	168.42	47.68	12.05
Revenue Growth (YoY)	-30.86%	179.99%	253.23%	295.76%	1628.55%
Cost of Revenue	143.72	181.83	27.56	-11.11	0.91
Gross Profit	182.3	289.75	140.87	58.79	11.14
Selling, General & Admin	81	80.91	85.12	53.28	21.57
Other Operating Expenses	164.36	147.91	119.55	62.26	25.39
Operating Expenses	325.58	304.97	251.4	121.72	49.19
Operating Income	-143.28	-15.22	-110.53	-62.93	-38.05
Interest Expense	-29.35	-53.23	-33.91	-3.01	-1.01
Interest & Investment Income	5.92	21.25	15.59	8.73	4.06
Earnings From Equity Investments	-5.48	-7.81	-7.1	-0.95	-0.63
Currency Exchange Gain (Loss)	-1.53	5,334	45.18	0.48	0.78
Other Non Operating Income (Expenses)	2.12	-5,327	-55	24.95	1.69
EBT Excluding Unusual Items	-171.6	-47.41	-145.77	-32.73	-33.17
Gain (Loss) on Sale of Assets	-	-	-	-	0.21
Pretax Income	-171.6	-47.41	-145.77	-32.73	-32.96
Income Tax Expense	-	-	-	-	-6.51
Net Income	-171.6	-47.41	-145.77	-32.73	-26.45
Net Income to Common	-171.6	-47.41	-145.77	-32.73	-26.45
Shares Outstanding (Basic)	463	440	391	337	291
Shares Outstanding (Diluted)	463	440	391	337	291
Shares Change (YoY)	5.07%	12.55%	16.08%	15.70%	130.17%
EPS (Basic)	-0.37	-0.11	-0.37	-0.10	-0.09
EPS (Diluted)	-0.37	-0.11	-0.37	-0.10	-0.09
Free Cash Flow	-1,320	-307.63	-496.58	-839.62	-864.67
Free Cash Flow Per Share	-2.85	-0.70	-1.27	-2.49	-2.97
Gross Margin	55.92%	61.44%	83.64%	123.30%	92.47%
Operating Margin	-43.95%	-3.23%	-65.63%	-131.98%	-315.81%
Profit Margin	-52.63%	-10.05%	-86.55%	-68.64%	-219.50%
Free Cash Flow Margin	-404.73%	-65.23%	-294.84%	-1760.91%	-7176.87%
EBITDA	-68.43	55.67	-68.32	-60.42	-37.18
EBITDA Margin	-20.99%	11.80%	-40.56%	-126.71%	-
D&A For EBITDA	74.84	70.89	42.21	2.51	0.87
EBIT	-143.28	-15.22	-110.53	-62.93	-38.05
EBIT Margin	-43.95%	-3.23%	-65.63%	-131.98%	-
Revenue as Reported	326.02	471.57	168.42	47.68	12.26

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