| NOK millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (132.0) | (113.0) | (276.0) | (264.0) | 1,653.0 | (157.0) | −109.5% | |
| Depreciation & amortization | 95.0 | 76.0 | 75.0 | 30.0 | 47.0 | 57.0 | +21.3% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 63.0 | (113.0) | (187.0) | (191.0) | (279.0) | (73.0) | +73.8% | |
| Operating cash flow | 211.0 | (96.0) | (244.0) | (296.0) | 1,779.0 | 42.0 | −97.6% | |
| Capital expenditure | (67.0) | (136.0) | (11.0) | (9.0) | (149.0) | (9.0) | +94.0% | |
| Acquisitions | (40.0) | 592.0 | 2.0 | (54.0) | (549.0) | (54.0) | +90.2% | |
| Investing cash flow | (219.0) | 432.0 | 619.0 | 236.0 | (761.0) | 221.0 | +129.0% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (204.0) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (228.0) | (517.0) | (240.0) | 84.0 | (1,132.0) | (67.0) | +94.1% | |
| Financing cash flow | (227.0) | (517.0) | (318.0) | 85.0 | (1,132.0) | (274.0) | +75.8% | |
| Free cash flow | 144.0 | (232.0) | (255.0) | (305.0) | 1,630.0 | 33.0 | −98.0% | |
| Net change in cash | (280.0) | (186.0) | 30.0 | 25.0 | (97.0) | (4.0) | +95.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
