| NOK millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 411.8 | 759.9 | 270.3 | 236.3 | 307.7 | 364.4 | +18.4% | |
| Depreciation & amortization | 54.9 | 63.0 | 85.4 | 83.9 | 88.6 | 88.3 | −0.4% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 425.9 | (187.4) | (311.5) | (446.4) | 152.1 | (142.7) | −193.8% | |
| Operating cash flow | 1,033.4 | 746.2 | (53.1) | 143.3 | 584.1 | 240.4 | −58.8% | |
| Capital expenditure | (41.7) | (32.4) | (21.2) | (8.3) | (13.9) | (6.9) | +50.7% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (76.6) | (39.5) | (19.0) | (8.5) | (13.6) | (14.5) | −6.6% | |
| Dividends paid | (183.6) | (473.3) | (470.7) | (248.7) | (260.3) | (264.8) | −1.7% | |
| Share buybacks | (26.8) | 52.2 | (13.5) | (57.7) | 0.0 | (128.7) | — | |
| Debt issued / repaid | (41.6) | 0.2 | 69.8 | (71.8) | (79.7) | (67.2) | +15.7% | |
| Financing cash flow | (276.0) | (569.5) | (484.4) | (441.0) | (308.4) | (300.2) | +2.7% | |
| Free cash flow | 991.7 | 713.8 | (74.3) | 135.0 | 570.2 | 233.6 | −59.0% | |
| Net change in cash | 680.7 | 137.2 | (556.5) | (306.2) | 262.1 | (66.2) | −125.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
