Telenor ASA (OSL:TEL)
Norway flag Norway · Delayed Price · Currency is NOK
135.60
-0.40 (-0.29%)
Nov 13, 2026, 4:25 PM CET

Telenor ASA Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
74,77076,54875,48780,45276,87797,153
Revenue Growth
2.76%1.41%-6.17%4.65%-20.87%-16.13%
Gross Profit
48,36749,95848,93451,82850,11662,574
Operating Income
17,69918,15317,29417,66916,48119,408
Net Income
18,6627,03418,33613,73444,9131,528
Earnings Per Share
13.665.1413.329.9032.091.09
EPS Growth
88.63%-61.41%34.59%-69.16%2839.33%-91.14%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Nordics
-59,34156,56056,32152,47752,527
Asia
-13,72415,47720,19920,97320,068
Infrastructure
-3,3183,2823,3993,427-
Amp
-3,5173,4954,7344,525-
Other Segment
-1,4761,7041,4741,7947,518
Eliminations from
--4,829-5,031-5,675-6,319-4,838
Revenue (Total)
74,76976,54875,48780,45276,87797,153

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
37,13316,78510,78119,88310,25715,598
Total Debt
83,607101,853101,621105,320123,600132,761
Net Cash (Debt)
-46,474-85,068-90,840-85,437-113,343-117,163
Net Cash Growth
------
Net Cash Per Share
-34.02-62.17-66.00-61.57-80.99-83.72

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
29,00831,22231,48129,12039,22242,272
Capital Expenditures
-10,498-11,338-12,929-14,728-19,298-19,447
Free Cash Flow
18,51019,88418,55214,39219,92422,825
Free Cash Flow Growth
-1.00%7.18%28.90%-27.77%-12.71%-8.04%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
64.69%65.26%64.82%64.42%65.19%64.41%
Operating Margin
23.67%23.71%22.91%21.96%21.44%19.98%
Pretax Margin
37.49%21.76%31.12%1.36%12.15%14.12%
Profit Margin
24.96%9.19%24.29%17.07%58.42%1.57%
FCF Margin
24.76%25.98%24.58%17.89%25.92%23.49%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '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
7.15%6.62%7.57%8.15%10.27%6.71%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
9.9328.519.4711.752.85126.94
Forward PE
14.7915.0315.8116.2111.8516.83
P/FCF Ratio
9.9310.099.3611.226.438.50
PS Ratio
2.462.622.302.011.672.00