Nel ASA
NEL.OL · OSL
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 914.85M | 319.47M | -953.56M | -1.17B | -0.76 |
| 2023 FY | 1.68B | 807.87M | -699.50M | -855.20M | -0.52 |
| 2024 FY | 1.39B | 885.93M | -389.43M | -244.34M | -0.23 |
| 2025 FY | 963.11M | -297.23M | -565.26M | -1.27B | -0.70 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 6.95B | 1.50B | 3.13B | 223.05M | 5.45B |
| 2023 FY | 7.86B | 1.66B | 3.36B | 259.66M | 6.20B |
| 2024 FY | 6.30B | 1.33B | 1.88B | 260.00M | 4.98B |
| 2025 FY | 4.96B | 1.02B | 1.62B | 233.15M | 3.93B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | -690.58M | -278.74M | -969.32M | — | 415.78M |
| 2023 FY | -669.67M | -739.83M | -1.41B | — | 224.88M |
| 2024 FY | -241.58M | -680.31M | -921.89M | -625.42M | -1.49B |
| 2025 FY | -269.47M | -145.16M | -414.63M | — | -258.12M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 21.31B | 18.41B | — | — | — |
| 2023 FY | 11.33B | 8.23B | — | — | — |
| 2024 FY | 4.51B | 2.90B | — | — | — |
| 2025 FY | 4.03B | 2.64B | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q3 | 303.37M | -31.90M | -104.72M | -84.70M | -0.05 |
| 2025 Q4 | 330.48M | -838.54M | -919.94M | -870.35M | -0.47 |
| 2026 Q1 | 148.10M | 94.60M | -153.99M | -143.72M | -0.08 |
| 2026 Q2 | 153.41M | 82.93M | -233.53M | -188.57M | -0.10 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q3 | 5.88B | 1.09B | 1.76B | 239.75M | 4.79B |
| 2025 Q4 | 4.96B | 1.02B | 1.62B | 423.33M | 3.93B |
| 2026 Q1 | 4.65B | 882.83M | 1.44B | 225.18M | 3.77B |
| 2026 Q2 | 4.64B | 1.04B | 1.33B | 218.45M | 3.60B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q3 | -136.04M | -38.18M | -174.21M | — | -171.30M |
| 2025 Q4 | -13.85M | -31.33M | -45.19M | — | -139.16M |
| 2026 Q1 | -165.23M | -47.89M | -213.12M | — | -174.85M |
| 2026 Q2 | 1.67M | -75.10M | -73.42M | — | -114.56M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q3 | 3.95B | 2.43B | — | — | — |
| 2025 Q4 | 4.10B | 2.90B | — | — | — |
| 2026 Q1 | 3.88B | 2.66B | — | — | — |
| 2026 Q2 | 4.36B | 3.25B | — | — | — |