AF Gruppen (OSL: AFG) financial statements
The consolidated income statement, balance sheet and cash flow statement of AF Gruppen for its last 6 fiscal years, as filed with the regulator, in millions of Norwegian kroner. At the end of fiscal 2025 it had NOK 17,092m in total assets and NOK 2,900m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | NOK 31,992m | NOK 30,638m | NOK 30,156m | NOK 30,970m | NOK 27,751m | NOK 26,944m |
| Operating profit | NOK 1,662m | NOK 1,149m | NOK 749.0m | NOK 1,409m | NOK 1,609m | NOK 1,480m |
| Profit before tax | NOK 1,653m | NOK 1,085m | NOK 700.0m | NOK 1,400m | NOK 1,580m | NOK 1,447m |
| Income tax | NOK 365.0m | NOK 251.0m | NOK 185.0m | NOK 248.0m | NOK 351.0m | NOK 289.0m |
| Net profit | NOK 1,093m | NOK 708.0m | NOK 402.0m | NOK 958.0m | NOK 1,019m | NOK 971.0m |
| Earnings per share | NOK 9.99 | NOK 6.52 | NOK 3.73 | NOK 8.96 | NOK 9.60 | NOK 9.29 |
| Diluted earnings per share | NOK 9.93 | NOK 6.52 | NOK 3.73 | NOK 8.96 | NOK 9.57 | NOK 9.27 |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | NOK 17,092m | NOK 15,003m | NOK 14,647m | NOK 14,457m | NOK 13,108m | NOK 12,862m |
| Current assets | NOK 8,012m | NOK 6,552m | NOK 6,241m | NOK 6,827m | NOK 5,618m | NOK 5,101m |
| Inventories | — | — | — | NOK 301.0m | NOK 198.0m | NOK 225.0m |
| Property, plant and equipment | NOK 1,573m | NOK 1,685m | NOK 1,797m | NOK 1,462m | NOK 1,437m | NOK 1,493m |
| Goodwill | NOK 4,718m | NOK 4,609m | NOK 4,531m | NOK 4,455m | — | — |
| Cash | NOK 2,391m | NOK 1,033m | NOK 347.0m | NOK 765.0m | NOK 680.0m | NOK 708.0m |
| Total liabilities | NOK 13,143m | NOK 11,515m | NOK 11,444m | NOK 10,963m | NOK 9,536m | NOK 9,368m |
| Current liabilities | NOK 10,997m | NOK 9,978m | NOK 10,106m | NOK 9,713m | NOK 8,193m | NOK 7,942m |
| Equity | NOK 2,900m | NOK 2,606m | NOK 2,323m | NOK 2,575m | NOK 2,654m | NOK 2,593m |
| Equity including minorities | NOK 3,949m | NOK 3,488m | NOK 3,203m | NOK 3,494m | NOK 3,572m | NOK 3,494m |
| Minority interests | NOK 1,048m | NOK 882.0m | NOK 880.0m | NOK 918.0m | NOK 918.0m | NOK 901.0m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | NOK 3,038m | NOK 2,217m | NOK 1,552m | NOK 1,460m | NOK 1,415m | NOK 1,189m |
| Investing cash flow | −NOK 3.0m | −NOK 226.0m | −NOK 613.0m | NOK 67.0m | NOK 175.0m | NOK 112.0m |
| Financing cash flow | −NOK 1,698m | −NOK 1,298m | −NOK 1,401m | −NOK 1,437m | −NOK 1,565m | −NOK 1,166m |
Where each figure comes from
From the annual report AF Gruppen files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the AF Gruppen page.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.