Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (NOK)
Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025

Alternative Energy Resources

        

Commercial

76.71M 402M 655M 569M 578M

Total Assets

2.06B 3.13B 5.72B 7.01B 7.38B

Interest Expense

- - - -43M -113M

EBT

16.6M 204M 303M 182M -71M

EBITDA

42.59M 262M 487M 396M 327M

D&A

18.04M 38M - 172M 285M

Operating Income

24.55M 224M 353M 224M 42M

Residual Ownership for Fully Consolidated Entities

-41.62M 43M 80M 84M 98M

Total Assets

-587M 23M 315M -300M 1.99B

Interest Expense

- - - 24M -4M

EBT

-5.48M - -52M 47M 18M

EBITDA

-6.82M 3M 19M 54M 44M

D&A

-9.66M 5M - 31M 22M

Operating Income

2.84M -2M -50M 23M 22M

Corporate

- - 2M 1M 2M

Total Assets

1.44B 2.18B 536M 678M 722M

Interest Expense

- - - 22M 7M

EBT

-41.58M -22M 124M -40M -51M

EBITDA

-37.84M -63M -64M -62M -55M

D&A

1.14M 3M - 1M 3M

Operating Income

-38.98M -66M -67M -63M -58M

Group Elimination

- -218M -22M -120M -34M

Total Assets

-110M -695M -264M -374M -358M

Interest Expense

- - - -33M 40M

EBT

- -193M -1M -143M 98M

EBITDA

- -193M -1M -112M -

D&A

- - - -3M -58M

Operating Income

- -193M -1M -110M 58M

Elimination of Equity Consolidated Entities

- -254M -159M -192M -190M

Total Assets

- -595M -723M -366M -1.24B

Interest Expense

- - - 16M 7M

EBT

- -33M -15M 16M 103M

EBITDA

- -40M -156M -63M 34M

D&A

- -18M - -63M -62M

Operating Income

- -22M -40M - 96M

Electric Power By Wind Energy

        

Asset Management

- 38M 38M 65M 75M

Total Assets

- 179M 184M 121M 167M

Interest Expense

- - - 1M -

EBT

- -2M -70M -8M -4M

EBITDA

- 4M -6M -3M 4M

D&A

- 6M - 6M 7M

Operating Income

- -2M -69M -9M -4M

Hydroelectric Power Generation

        

Projects

5.8M 207M 15M 141M 42M

Total Assets

308M 381M 924M 259M 767M

Interest Expense

- - - 3M 36M

EBT

-33.18M 168M -66M 81M 8M

EBITDA

-29.54M 177M -16M 100M -19M

D&A

235K - - 22M 9M

Operating Income

-29.77M 177M -88M 78M -28M

Geographical Revenue Distribution History

Geographical breakdown of sales (NOK)
Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025

Denmark

- - - 265M 271M

Norway

36.1M 209M 339M 252M 249M

Total Assets

3.12B 4.6B 6.69B - -

Interest Expense

-5.2M -10M -58M - -

Income Tax Expense

-609K - -11M - -

D&A

9.75M 28M 108M - -

CAPEX

-180M -304M -535M - -

Net Income

-63.04M 118M 272M - -

EBT

-63.65M 122M 222M - -

Operating Income

-41.36M 116M 37M - -

Sweden

- - - 29M 51M

Switzerland

- - - 2M -