Norsk Hydro (OSL: NHY) financial statements
The consolidated income statement, balance sheet and cash flow statement of Norsk Hydro 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 208,296m in total assets and NOK 99,843m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Revenue | NOK 207,971m | NOK 203,636m | NOK 193,619m | NOK 207,929m | NOK 149,654m | NOK 114,291m |
| Operating profit | NOK 14,401m | NOK 16,487m | NOK 9,592m | NOK 30,715m | — | — |
| Finance costs | NOK 2,507m | NOK 3,580m | NOK 2,264m | NOK 1,161m | −NOK 248.0m | NOK 4,842m |
| Profit before tax | NOK 13,721m | NOK 8,862m | NOK 6,546m | NOK 32,365m | NOK 18,397m | NOK 4,804m |
| Income tax | NOK 5,417m | NOK 3,822m | NOK 3,742m | NOK 7,984m | NOK 4,467m | NOK 918.0m |
| Net profit | NOK 6,717m | NOK 5,790m | NOK 3,583m | NOK 24,154m | NOK 12,160m | NOK 1,845m |
| Earnings per share | NOK 3.41 | NOK 2.90 | NOK 1.77 | NOK 0.02 | NOK 5.93 | NOK 90.00 |
| Diluted earnings per share | NOK 3.41 | NOK 2.90 | — | — | — | — |
| Depreciation and amortisation | NOK 10,328m | NOK 10,131m | NOK 9,394m | NOK 8,593m | NOK 7,844m | NOK 7,175m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Total assets | NOK 208,296m | NOK 207,371m | NOK 206,462m | NOK 198,618m | NOK 174,512m | NOK 164,408m |
| Current assets | NOK 81,480m | NOK 75,625m | NOK 80,012m | NOK 89,128m | NOK 75,713m | NOK 60,055m |
| Inventories | NOK 27,798m | NOK 28,187m | NOK 25,449m | NOK 30,035m | NOK 21,791m | NOK 19,492m |
| Property, plant and equipment | NOK 78,132m | NOK 77,937m | NOK 74,981m | NOK 62,656m | NOK 54,605m | NOK 64,245m |
| Cash | NOK 16,085m | NOK 15,049m | NOK 24,618m | NOK 29,805m | NOK 22,923m | NOK 17,638m |
| Total liabilities | NOK 101,200m | NOK 99,919m | NOK 99,279m | NOK 90,820m | NOK 86,132m | NOK 86,964m |
| Current liabilities | NOK 47,142m | NOK 49,411m | NOK 43,892m | NOK 42,807m | NOK 39,569m | NOK 29,048m |
| Equity | NOK 99,843m | NOK 101,461m | NOK 100,579m | NOK 102,455m | NOK 84,064m | NOK 74,279m |
| Equity including minorities | NOK 107,096m | NOK 107,452m | NOK 107,182m | NOK 107,798m | NOK 88,380m | NOK 77,444m |
| Minority interests | NOK 7,252m | NOK 5,991m | NOK 6,604m | NOK 5,343m | NOK 4,316m | NOK 3,165m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | NOK 23,311m | NOK 15,356m | NOK 22,220m | NOK 29,393m | NOK 10,680m | NOK 12,170m |
| Investing cash flow | −NOK 17,905m | −NOK 12,916m | −NOK 20,759m | −NOK 10,561m | −NOK 4,684m | −NOK 7,607m |
| Financing cash flow | −NOK 3,723m | −NOK 12,557m | −NOK 6,700m | −NOK 13,247m | −NOK 4,366m | NOK 1,106m |
| Capital expenditure | NOK 11,582m | NOK 13,555m | NOK 13,638m | NOK 9,604m | NOK 6,020m | NOK 5,527m |
| Dividends paid | NOK 4,581m | NOK 5,015m | NOK 12,574m | NOK 14,179m | NOK 2,822m | NOK 2,628m |
Where each figure comes from
From the annual report Norsk Hydro 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 Norsk Hydro 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.