Elkem ASA (ELKEF)

Elkem ASA Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	16,976	17,810	21,134	45,018	33,083	24,025
Other Revenue	-	-	-	-1	-	-
Revenue	16,976	17,810	21,134	45,017	33,083	24,025
Revenue Growth (YoY)	42.66%	-15.73%	-53.05%	36.07%	37.70%	8.00%
Cost of Revenue	7,732	8,313	10,825	21,976	15,985	12,858
Gross Profit	9,244	9,497	10,309	23,041	17,098	11,167
Selling, General & Admin	2,892	2,792	2,683	4,979	4,578	4,060
Other Operating Expenses	3,987	4,365	3,546	4,337	5,049	4,422
Operating Expenses	7,845	8,088	7,073	11,315	11,443	10,192
Operating Income	1,399	1,409	3,236	11,726	5,655	975
Interest Expense	-681	-768	-657	-289	-250	-256
Interest & Investment Income	79	81	139	69	37	28
Earnings From Equity Investments	13	-149	-19	118	86	20
Currency Exchange Gain (Loss)	-211	281	218	481	275	-17
Other Non Operating Income (Expenses)	-318	14	-13	50	51	-9
EBT Excluding Unusual Items	281	868	2,904	12,155	5,854	741
Merger & Restructuring Charges	-29	-32	-35	2	25	-191
Gain (Loss) on Sale of Investments	10	8	2	1	2	-
Gain (Loss) on Sale of Assets	2	2	24	157	-5	-14
Asset Writedown	-40	-168	-25	-28	-76	-17
Other Unusual Items	-	-	-	-71	-	19
Pretax Income	1,073	1,527	2,878	12,235	5,827	584
Income Tax Expense	290	-588	781	2,594	1,163	306
Earnings From Continuing Operations	783	2,115	2,097	9,641	4,664	278
Earnings From Discontinued Operations	-1,147	-1,538	-1,927	-	-	-
Net Income to Company	-364	577	170	9,641	4,664	278
Minority Interest in Earnings	-83	-89	-98	-80	-36	-39
Net Income	-447	488	72	9,561	4,628	239
Net Income to Common	-447	488	72	9,561	4,628	239
Net Income Growth	-	577.78%	-99.25%	106.59%	1836.40%	-72.05%
Shares Outstanding (Basic)	634	634	635	634	618	581
Shares Outstanding (Diluted)	634	634	636	636	622	581
Shares Change (YoY)	-0.01%	-0.26%	0.03%	2.18%	6.99%	0.02%
EPS (Basic)	-0.70	0.77	0.11	15.09	7.49	0.41
EPS (Diluted)	-0.70	0.77	0.11	15.04	7.44	0.41
EPS Growth	-	605.36%	-99.27%	102.15%	1714.63%	-72.11%
Free Cash Flow	-1,243	-1,368	-2,219	5,101	1,647	-235
Free Cash Flow Per Share	-1.96	-2.16	-3.49	8.03	2.65	-0.40
Dividend Per Share	0.300	0.300	-	6.000	3.000	0.150
Dividend Growth	-	-	-	100.00%	1900.00%	-75.00%
Gross Margin	54.45%	53.32%	48.78%	51.18%	51.68%	46.48%
Operating Margin	8.24%	7.91%	15.31%	26.05%	17.09%	4.06%
Profit Margin	-2.63%	2.74%	0.34%	21.24%	13.99%	1.00%
Free Cash Flow Margin	-7.32%	-7.68%	-10.50%	11.33%	4.98%	-0.98%
EBITDA	5,007	4,130	5,536	13,495	7,252	2,468
EBITDA Margin	29.49%	23.19%	26.20%	29.98%	21.92%	10.27%
D&A For EBITDA	3,608	2,721	2,300	1,769	1,597	1,493
EBIT	1,399	1,409	3,236	11,726	5,655	975
EBIT Margin	8.24%	7.91%	15.31%	26.05%	17.09%	4.06%
Effective Tax Rate	27.03%	-	27.14%	21.20%	19.96%	52.40%
Revenue as Reported	17,742	18,870	21,510	45,898	33,717	24,691

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.