B 
266.00
+1.53%
Close of 9 Nov 2026, in NOK
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 12.49bn
FY2016FY2025
Net income
NOK 1.42bn
FY2016FY2025
Free cash flow
−NOK 242.0m
FY2016FY2025
Shareholders' equity
NOK 9.26bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 12.49bn | NOK 13.99bn | NOK 12.47bn | NOK 11.43bn | NOK 7.54bn | NOK 6.17bn | NOK 7.83bn | NOK 6.79bn | NOK 8.61bn | NOK 12.37bn |
| Research and development | — | — | NOK 104.3m | NOK 81.2m | NOK 31.8m | NOK 34.7m | NOK 26.0m | NOK 2.7m | NOK 2.4m | NOK 1.8m |
| Operating income | NOK 2.49bn | NOK 2.32bn | NOK 2.44bn | NOK 4.25bn | NOK 1.50bn | −NOK 487.3m | NOK 481.2m | NOK 446.2m | −NOK 944.8m | NOK 137.1m |
| Net income | NOK 1.42bn | NOK 1.14bn | NOK 1.04bn | NOK 1.70bn | NOK 433.6m | −NOK 1.20bn | −NOK 343.1m | −NOK 1.39bn | −NOK 864.2m | −NOK 489.6m |
| Diluted earnings per share | 33.43 | 26.81 | 24.40 | 40.02 | 10.20 | -28.25 | -8.07 | -32.61 | -20.32 | -11.51 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 25.32bn | NOK 25.26bn | NOK 23.50bn | NOK 21.75bn | NOK 19.12bn | NOK 19.16bn | NOK 19.89bn | NOK 19.49bn | NOK 30.46bn | NOK 32.52bn |
| Cash and short-term investments | NOK 6.32bn | NOK 6.05bn | NOK 4.88bn | NOK 4.92bn | NOK 3.49bn | NOK 3.79bn | NOK 5.68bn | NOK 5.82bn | NOK 8.09bn | NOK 6.70bn |
| Total liabilities | NOK 14.07bn | NOK 16.09bn | NOK 15.60bn | NOK 14.80bn | NOK 14.69bn | NOK 14.53bn | NOK 14.00bn | NOK 12.13bn | NOK 19.31bn | NOK 19.41bn |
| Debt | NOK 6.69bn | NOK 9.98bn | NOK 10.08bn | NOK 10.18bn | NOK 10.42bn | NOK 10.79bn | NOK 9.90bn | NOK 8.58bn | NOK 14.49bn | NOK 15.10bn |
| Shareholders' equity | NOK 9.26bn | NOK 7.77bn | NOK 6.68bn | NOK 5.72bn | NOK 4.62bn | NOK 4.46bn | NOK 5.66bn | NOK 6.33bn | NOK 8.51bn | NOK 9.46bn |
| Shares outstanding | 43m | 43m | 43m | 43m | 43m | 43m | 43m | 43m | 43m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 2.02bn | NOK 3.61bn | NOK 2.42bn | NOK 2.53bn | NOK 1.46bn | −NOK 732.9m | NOK 1.11bn | NOK 212.6m | NOK 2.46bn | NOK 5.54bn |
| Capital spending | −NOK 2.26bn | −NOK 1.39bn | −NOK 946.2m | −NOK 1.04bn | −NOK 805.6m | −NOK 1.74bn | −NOK 761.3m | −NOK 514.0m | −NOK 756.8m | −NOK 1.18bn |
| Free cash flow | −NOK 242.0m | NOK 2.22bn | NOK 1.47bn | NOK 1.49bn | NOK 657.4m | −NOK 2.47bn | NOK 353.4m | −NOK 301.4m | NOK 1.70bn | NOK 4.36bn |
| Dividends paid | −NOK 516.0m | −NOK 459.9m | −NOK 212.7m | −NOK 1.05bn | −NOK 170.1m | −NOK 182.9m | −NOK 170.1m | −NOK 202.6m | −NOK 86.7m | −NOK 85.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 3.03bn | NOK 2.87bn | NOK 2.94bn | NOK 3.04bn | NOK 2.90bn | NOK 3.60bn | NOK 3.60bn | NOK 2.97bn |
| Operating income | NOK 539.0m | NOK 476.0m | NOK 486.0m | NOK 592.0m | NOK 404.0m | NOK 603.0m | NOK 600.0m | NOK 317.0m |
| Net income | NOK 302.0m | NOK 93.0m | NOK 127.0m | NOK 877.0m | −NOK 41.0m | NOK 271.4m | NOK 271.0m | NOK 171.1m |
| Diluted earnings per share | 7.10 | 2.19 | 2.99 | 20.62 | -0.96 | 6.38 | 6.37 | 4.02 |
| Cash from operations | NOK 637.0m | NOK 1.01bn | NOK 2.02bn | NOK 809.0m | NOK 476.0m | NOK 724.0m | NOK 724.0m | NOK 1.34bn |
| Capital spending | −NOK 513.0m | −NOK 402.0m | −NOK 2.26bn | −NOK 1.46bn | −NOK 420.0m | −NOK 596.0m | −NOK 597.0m | −NOK 342.0m |
| Free cash flow | NOK 124.0m | NOK 604.0m | −NOK 242.0m | −NOK 647.0m | NOK 56.0m | NOK 128.0m | NOK 127.0m | NOK 995.0m |
| Total assets | NOK 26.22bn | NOK 26.19bn | NOK 25.32bn | NOK 25.76bn | NOK 25.62bn | NOK 25.26bn | NOK 24.60bn | NOK 24.22bn |
| Cash and short-term investments | — | — | NOK 6.32bn | NOK 6.90bn | NOK 6.83bn | NOK 6.05bn | — | NOK 6.80bn |
| Debt | — | — | NOK 6.69bn | NOK 9.80bn | NOK 7.36bn | NOK 9.98bn | — | NOK 2.17bn |
| Shareholders' equity | NOK 8.90bn | NOK 8.95bn | NOK 9.26bn | NOK 8.45bn | NOK 7.84bn | NOK 7.77bn | NOK 7.73bn | NOK 7.27bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 19.9% | 16.6% | 19.6% | 37.2% | 19.8% | -7.9% | — | — |
| Net margin | 11.4% | 8.1% | 8.3% | 14.9% | 5.8% | -19.5% | — | — |
| Return on equity | 15.4% | 14.7% | 15.5% | 29.8% | 9.4% | -26.9% | — | — |
| Return on assets | 5.6% | 4.5% | 4.4% | 7.8% | 2.3% | -6.3% | — | — |
| Free cash flow yield | 38.4% | 44.9% | 30.2% | 32.0% | 20.4% | 9.0% | — | — |
| Revenue growth | -10.7% | 12.2% | 9.1% | 51.6% | 22.1% | -21.2% | — | — |
| Earnings growth | 24.7% | 9.9% | -39.0% | 292.5% | -136.1% | 250.2% | — | — |
| Current ratio | 1.77x | 1.50x | 1.57x | 1.98x | 1.52x | 1.70x | — | — |
| Debt to equity | 0.72x | 1.21x | 1.44x | 1.70x | 2.20x | 2.34x | — | — |
| Equity ratio | 36.6% | 30.8% | 28.4% | 26.3% | 24.2% | 23.3% | — | — |
| Interest coverage | 1.84x | 3.13x | 3.68x | 8.97x | 2.61x | -0.96x | — | — |
| R&D as a share of sales | — | — | 0.8% | 0.7% | 0.4% | 0.6% | 0.3% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.0% | 15.1% | -1.6% |
| Operating income | -16.3% | — | — |
| Net income | -5.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 18.2% | 22.8% | 19.5% | 9.0% |
| Net margin | 9.7% | 10.5% | 7.1% | 0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.5 | 9.7 | 9.9 | 7.2 | 34.8 | -8.6 | -24.7 | -2.9 | -4.4 | -6.3 |
| Price to sales | 0.9 | 0.8 | 0.8 | 1.1 | 2.0 | 1.7 | 1.1 | 0.6 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 28 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 7.30 | 6.75 | 6.00 | 5.00 | 4.30 | 4.00 | 4.30 | 4.00 |
- 4-for-1 split · 1 Jun 2006
- 3-for-2 split · 9 May 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.