Telenor 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
Revenue	76,548	75,487	80,452	76,877	97,153
Revenue Growth (YoY)	1.41%	-6.17%	4.65%	-20.87%	-16.13%
Cost of Revenue	17,244	17,313	19,056	17,819	25,591
Gross Profit	59,304	58,174	61,396	59,058	71,562
Selling, General & Admin	9,814	9,741	9,986	9,281	10,014
Depreciation & Amortization Expenses	16,312	15,878	16,535	17,114	23,247
Other Operating Expenses	15,199	14,643	17,911	17,521	20,645
Total Operating Expenses	41,325	40,262	44,432	43,916	53,906
Operating Income	17,978	17,912	16,964	15,143	17,654
Interest Income	676	1,040	1,062	392	417
Interest Expense	-3,692	-4,255	-4,264	-2,901	-2,983
Other Non-Operating Income (Expense)	999	9,863	-12,664	-3,296	-1,364
Total Non-Operating Income (Expense)	-2,017	6,648	-15,866	-5,805	-3,930
Pretax Income	16,654	23,494	1,097	9,339	13,723
Provision for Income Taxes	4,364	3,719	4,332	-3,009	5,008
Net Income	7,034	18,336	13,734	44,913	1,528
Minority Interest in Earnings	1,329	1,773	1,646	2,665	3,063
Earnings From Discontinued Operations	-3,927	333	18,615	35,230	-4,123
Net Income to Common	7,034	18,336	13,734	44,913	1,528
Net Income Growth	-61.64%	33.51%	-69.42%	2839.33%	-91.19%
Shares Outstanding (Basic)	1,368	1,376	1,388	1,399	1,399
Shares Outstanding (Diluted)	1,368	1,376	1,388	1,399	1,399
Shares Change (YoY)	-0.60%	-0.80%	-0.85%	-	-0.59%
EPS (Basic)	5.14	13.32	9.90	32.09	1.09
EPS (Diluted)	5.14	13.32	9.90	32.09	1.09
EPS Growth	-61.41%	34.54%	-69.15%	2844.04%	-91.15%
Shares Outstanding	1,368	1,368	1,385	1,399	1,399
Free Cash Flow	19,884	18,552	14,392	19,924	22,825
Free Cash Flow Growth	7.18%	28.90%	-27.77%	-12.71%	-8.04%
Free Cash Flow Per Share	14.53	13.48	10.37	14.24	16.31
Dividends Per Share	9.700	9.600	9.500	9.400	9.300
Dividend Growth	1.04%	1.05%	1.06%	1.07%	3.33%
Gross Margin	77.47%	77.06%	76.31%	76.82%	73.66%
Operating Margin	23.49%	23.73%	21.09%	19.70%	18.17%
Profit Margin	16.06%	26.20%	-4.02%	16.06%	8.97%
FCF Margin	25.98%	24.58%	17.89%	25.92%	23.49%
EBITDA	35,282	34,856	34,492	43,360	52,017
EBITDA Margin	46.09%	46.17%	42.87%	56.40%	53.54%
EBIT	17,978	17,912	16,964	15,143	17,654
EBIT Margin	23.49%	23.73%	21.09%	19.70%	18.17%
Effective Tax Rate	26.20%	15.83%	394.90%	-32.22%	36.49%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.