Ørsted (CPH: ORSTED) financial statements

The consolidated income statement, balance sheet and cash flow statement of Ørsted for its last 7 fiscal years, as filed with the regulator, in millions of Danish kroner. At the end of fiscal 2025 it had DKK 367,922m in total assets and DKK 119,718m in equity.

Income statement

Item	2025	2024	2023	2022	2021	2020	2019
Revenue	DKK 73,244m	DKK 71,034m	DKK 79,255m	DKK 132,277m	DKK 77,673m	DKK 50,151m	DKK 70,398m
Cost of sales	DKK 38,984m	DKK 35,963m	DKK 46,624m	DKK 97,163m	DKK 53,110m	DKK 25,784m	DKK 42,836m
Operating profit	DKK 8,620m	DKK 6,171m	−DKK 17,853m	DKK 19,774m	DKK 16,195m	DKK 9,010m	DKK 11,588m
Finance costs	DKK 14,678m	DKK 12,181m	DKK 13,822m	DKK 18,050m	DKK 6,546m	DKK 8,303m	DKK 8,853m
Profit before tax	DKK 5,988m	DKK 2,606m	−DKK 19,026m	DKK 17,609m	DKK 13,277m	DKK 17,324m	DKK 10,392m
Income tax	DKK 2,823m	DKK 2,590m	DKK 1,156m	DKK 2,613m	DKK 2,390m	DKK 1,776m	DKK 3,101m
Net profit	DKK 1,727m	−DKK 923.0m	−DKK 21,059m	DKK 14,549m	DKK 10,222m	DKK 15,110m	DKK 6,506m
Earnings per share	DKK 2.00	−DKK 2.20	−DKK 50.10	DKK 34.60	DKK 24.30	DKK 36.00	DKK 15.60
Diluted earnings per share	DKK 1.90	−DKK 2.20	−DKK 50.10	DKK 34.60	DKK 24.30	—	—
Depreciation and amortisation	DKK 10,195m	DKK 10,225m	DKK 9,795m	DKK 9,754m	—	—	—

Balance sheet

Item	2025	2024	2023	2022	2021	2020	2019
Total assets	DKK 367,922m	DKK 298,786m	DKK 281,136m	DKK 314,142m	DKK 270,385m	DKK 196,719m	DKK 192,860m
Current assets	DKK 126,901m	DKK 79,639m	DKK 84,055m	DKK 112,728m	DKK 86,829m	DKK 63,533m	DKK 59,949m
Inventories	DKK 9,938m	DKK 17,448m	DKK 10,539m	DKK 14,103m	DKK 15,998m	DKK 14,739m	DKK 14,031m
Property, plant and equipment	DKK 210,866m	DKK 201,694m	DKK 179,769m	DKK 177,665m	DKK 161,396m	DKK 121,610m	DKK 106,013m
Cash	DKK 53,448m	DKK 23,124m	DKK 10,144m	DKK 16,175m	DKK 8,614m	DKK 5,210m	DKK 6,459m
Total liabilities	DKK 217,110m	DKK 205,302m	DKK 203,345m	DKK 218,610m	DKK 184,756m	DKK 98,703m	DKK 94,466m
Current liabilities	DKK 65,277m	DKK 53,752m	DKK 59,201m	DKK 74,868m	DKK 86,968m	DKK 34,408m	DKK 29,471m
Equity	DKK 119,718m	DKK 62,138m	DKK 56,782m	DKK 71,743m	DKK 64,072m	DKK 81,376m	DKK 73,082m
Equity including minorities	DKK 148,941m	DKK 93,484m	DKK 77,791m	DKK 95,532m	DKK 85,137m	DKK 97,329m	DKK 89,562m
Minority interests	DKK 8,268m	DKK 10,391m	DKK 1,906m	DKK 3,996m	DKK 3,081m	DKK 2,721m	DKK 3,248m

Cash flow statement

Item	2025	2024	2023	2022	2021	2020	2019
Operating cash flow	DKK 23,741m	DKK 18,356m	DKK 28,532m	DKK 11,924m	DKK 12,148m	DKK 16,466m	DKK 13,079m
Investing cash flow	−DKK 66,471m	−DKK 21,759m	−DKK 34,732m	−DKK 17,912m	−DKK 12,591m	−DKK 16,562m	−DKK 10,997m
Financing cash flow	DKK 73,809m	DKK 15,843m	DKK 265.0m	DKK 13,785m	DKK 3,392m	−DKK 2,125m	DKK 1,334m

Where each figure comes from

From the annual report Ørsted files every year in the European single electronic format (ESEF). The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020. 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 Ørsted 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.