Vår Energi ASA Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. 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	8,096	7,450	6,850	9,828	6,073
Revenue Growth (YoY)	8.67%	8.76%	-30.30%	61.83%	109.85%
Cost of Revenue	1,295	1,403	1,138	1,143	1,141
Gross Profit	6,801	6,047	5,712	8,684	4,932
Depreciation & Amortization Expenses	2,710	1,916	1,423	1,448	1,705
Exploration Expenses	245.4	192.36	86.49	72.06	57.14
Other Operating Expenses	-339.6	148.44	686.4	795.64	111.47
Total Operating Expenses	2,616	2,257	2,195	2,316	1,873
Operating Income	4,185	3,790	3,517	6,369	3,059
Total Non-Operating Income (Expense)	-310	-106.89	-112.91	-115.89	-269.49
Pretax Income	4,307	3,313	3,357	5,856	2,647
Provision for Income Taxes	3,460	2,986	2,747	4,919	1,992
Net Income	785.2	311.51	610.23	936.4	654.36
Net Income Attributable to Preferred Dividends	61.3	15.6	-	-	-
Net Income to Common	785.2	311.51	610.23	936.4	654.36
Net Income Growth	152.06%	-48.95%	-34.83%	43.10%	-
Shares Outstanding (Basic)	2,496	2,496	2,496	2,496	0
Shares Outstanding (Diluted)	2,496	2,496	2,496	2,496	0
Shares Change (YoY)	-	-	-0.02%	625565.66%	-
EPS (Basic)	0.31	0.11	0.24	0.38	1556.00
EPS (Diluted)	0.31	0.11	0.24	0.38	1556.00
EPS Growth	181.82%	-54.17%	-36.84%	-99.98%	-
Free Cash Flow	1,787	533.48	779.24	3,089	1,995
Free Cash Flow Growth	235.04%	-31.54%	-74.77%	54.80%	-
Free Cash Flow Per Share	0.72	0.21	0.31	1.24	5000.72
Dividends Per Share	0.485	0.420	0.452	0.430	-
Dividend Growth	15.49%	-7.04%	5.01%	-	-
Gross Margin	84.00%	81.17%	83.39%	88.37%	81.21%
Operating Margin	51.69%	50.88%	51.34%	64.81%	50.37%
Profit Margin	10.46%	4.39%	8.91%	9.53%	10.78%
FCF Margin	22.08%	7.16%	11.38%	31.43%	32.86%
EBITDA	6,895	5,706	4,939	7,817	4,763
EBITDA Margin	85.17%	76.59%	72.11%	79.54%	78.43%
EBIT	4,185	3,790	3,517	6,369	3,059
EBIT Margin	51.69%	50.88%	51.34%	64.81%	50.37%
Effective Tax Rate	80.35%	90.13%	81.82%	84.01%	75.28%

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