Telenor ASA (OSL:TEL)
Norway flag Norway · Delayed Price · Currency is NOK
127.30
-0.20 (-0.16%)
Oct 23, 2026, 4:28 PM CEST

Telenor ASA Financials Overview

Millions NOK. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 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 Year
TTMFY 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 Year
CurrentFY 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 Year
TTMFY 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 Year
TTMFY 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 Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '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
7.62%6.62%7.57%8.15%10.27%6.71%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
14.7028.519.4711.752.85126.94
Forward PE
14.0115.0315.8116.2111.8516.83
P/FCF Ratio
9.5410.089.3611.226.438.50
PS Ratio
2.292.622.302.011.672.00