Telenor ASA (OSL:TEL)
Norway flag Norway · Delayed Price · Currency is NOK
134.10
+0.70 (0.52%)
Aug 21, 2026, 4:28 PM CET

Telenor ASA Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
75,32476,54875,48780,45276,87797,153
Revenue Growth
2.27%1.41%-6.17%4.65%-20.87%-16.13%
Gross Profit
48,87249,95848,93451,82850,11662,574
Operating Income
17,66518,15317,29417,66916,48119,408
Net Income
11,8457,03418,33613,73444,9131,528
Earnings Per Share
8.665.1413.329.9032.091.09
EPS Growth
16.62%-61.41%34.59%-69.16%2839.33%-91.14%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Nordics
59,09859,34156,56056,32152,47752,527
Asia
14,01013,72415,47720,19920,97320,068
Infrastructure
3,2583,3183,2823,3993,427-
Amp
3,6233,5173,4954,7344,525-
Other Segment
1,4341,4761,7041,4741,7947,518
Eliminations
-4,943-4,829-5,031-5,675-6,319-4,838
Revenue (Total)
76,48076,54875,48780,45276,87797,153

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
31,69916,78510,78119,88310,25715,598
Total Debt
87,247101,853101,621105,320123,600132,761
Net Cash (Debt)
-55,548-85,068-90,840-85,437-113,343-117,163
Net Cash Growth
------
Net Cash Per Share
-40.60-62.17-66.00-61.57-80.99-83.72

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
28,53731,22231,48129,12039,22242,272
Capital Expenditures
-10,451-11,338-12,929-14,728-19,298-19,447
Free Cash Flow
18,08619,88418,55214,39219,92422,825
Free Cash Flow Growth
3.24%7.18%28.90%-27.77%-12.71%-8.04%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
64.88%65.26%64.82%64.42%65.19%64.41%
Operating Margin
23.45%23.71%22.91%21.96%21.44%19.98%
Pretax Margin
28.76%21.76%31.12%1.36%12.15%14.12%
Profit Margin
15.72%9.19%24.29%17.07%58.42%1.57%
FCF Margin
24.01%25.98%24.58%17.89%25.92%23.49%

Dividends

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
9.7009.7009.6009.5009.4009.300
Dividend Per Share Growth
1.04%1.04%1.05%1.06%1.07%3.33%
Dividend Yield
7.17%6.82%8.28%9.59%13.04%9.27%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
11.4428.519.4711.752.85126.94
Forward PE
14.6715.0315.8116.2111.8516.83
P/FCF Ratio
10.1110.089.3611.226.438.50
PS Ratio
2.432.622.302.011.672.00