Vår Energi ASA (OSL:VAR)
Norway flag Norway · Delayed Price · Currency is NOK
56.96
+0.12 (0.21%)
Oct 22, 2026, 4:28 PM CEST

Vår Energi ASA Financials Overview

Millions USD. 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
12,1187,9667,3726,8169,7816,043
Revenue Growth
62.94%8.05%8.16%-30.31%61.84%110.67%
Gross Profit
10,7326,8496,1035,8078,7605,004
Operating Income
7,4454,2013,6063,6146,5102,963
Net Income
1,455780.2265.3602.01936.4654.36
Earnings Per Share
0.580.310.110.240.380.26
EPS Growth
150.37%194.08%-55.93%-35.70%44.27%-

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Crude Oil
8,1485,2744,5583,7824,6693,448
Gas
3,5672,4572,4282,8154,7322,227
NGL
420.9235378.75219.12379.17367.89
Hedge
--7.78---
Other
-129.677.7633.7547.0929.36
Revenue (Total)
12,1878,0967,4506,8509,8286,073

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
4,751699.9278.9734.91444.61223.59
Total Debt
8,0746,1905,3493,2643,1655,152
Net Cash (Debt)
-3,323-5,490-5,070-2,529-2,721-4,928
Net Cash Growth
------
Net Cash Per Share
-1.33-2.20-2.03-1.01-1.09-1.97

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
5,9354,6073,4083,4205,6824,580
Capital Expenditures
-2,661-2,820-2,875-2,641-2,593-2,585
Free Cash Flow
3,2741,787533.4779.243,0891,995
Free Cash Flow Growth
252.99%235.10%-31.55%-74.77%54.80%-

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
88.56%85.98%82.79%85.19%89.57%82.80%
Operating Margin
61.43%52.74%48.91%53.03%66.56%49.02%
Pretax Margin
55.34%54.06%44.94%49.25%59.87%43.79%
Profit Margin
12.01%9.79%3.60%8.83%9.57%10.83%
FCF Margin
27.02%22.44%7.23%11.43%31.58%33.02%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22
Dividend Per Share
4.8870.4850.4200.4520.430
Dividend Per Share Growth
3.09%15.49%-7.04%5.01%-
Dividend Yield
8.58%14.81%13.51%14.24%12.61%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
10.1910.4729.2313.159.09-
Forward PE
10.439.457.445.934.58-
P/FCF Ratio
4.534.5714.5410.162.76-
PS Ratio
1.221.031.051.160.87-