Elkem ASA ELK
Oslo Børs · Basic Materials · Specialty Chemicals
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Annual accounts for Elkem
| NOK million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 45,018 | 21,133 | 17,809 | 16,536 |
| EBITDA | 14,543 | 5,949 | 5,154 | 3,822 |
| Net income | 9,561 | 72 | 488 | −668 |
| Balance sheet | ||||
| Equity | 28,639 | 24,325 | 25,912 | 23,921 |
| Total debt | 12,277 | 16,206 | 12,908 | 11,969 |
| Cash | 9,255 | 6,367 | 4,397 | 2,694 |
| Net debt | 3,022 | 9,839 | 8,511 | 9,275 |
| Ratios and per share | ||||
| EBITDA margin | 32.3% | 28.2% | 28.9% | 23.1% |
| Profit margin | 21.2% | 0.3% | 2.7% | −4.0% |
| Return on equity | 33.4% | 0.3% | 1.9% | −2.8% |
| Earnings/share (NOK) | 15.03 | 0.11 | 0.77 | −1.05 |
| Book value/share (NOK) | 45.01 | 38.27 | 40.74 | 37.61 |
| Shares outstanding (M) | 636 | 636 | 636 | 636 |
From the annual statements (Yahoo Finance), in the currency the company reports in. Per-share figures use the shares at the year end. Charts and annual figures →
Quarterly figures from the reports
BetaFrom the company's own reports: 12 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the Second quarter and half year report 2026 report, page 8, published 2026-07-10.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q2 2026 | 3,551 | 182 | −768 | −1.75 | … | Second quarter and half year report 2026, p. 8 |
| Q1 2026 | 4,000 | −124 | 27 | 0.04 | … | Q1 2026, p. 8 |
| Q4 2025 | 3,937 | 204 | −177 | −0.28 | … | Q4 2025, p. 9 |
| Q3 2025 | 4,075 | 345 | 29 | 0.05 | … | Q3 2025, p. 9 |
| Q2 2025 | 4,302 | 326 | −308 | −0.49 | … | Q2 2025, p. 9 |
| Q1 2025 | 4,221 | 432 | −212 | −0.33 | … | 1Q 2025, p. 9 |
| Q4 2024 | 4,299 | 339 | −18 | −0.03 | … | Q4 2024, p. 9 |
| Q3 2024 | 7,726 | 470 | 92 | 0.15 | … | Q3 2024, p. 9 |
| Q2 2024 | 8,257 | 207 | 854 | 1.35 | … | Second quarter and half year report 2024, p. 9 |
| Q1 2024 | 7,749 | −130 | −439 | −0.69 | … | Q1 2024, p. 9 |
| Q4 2023 | 8,028 | −111 | −461 | −0.73 | … | Q4 2023, p. 9 |
| Q3 2023 | 7,745 | −217 | −456 | −0.72 | … | Q3 2023, p. 9 |
Amounts in NOK million, EPS in NOK. Each quarter as first reported, as a backtest would have seen it. Adjusted EPS (without one-off items) is shown once the one-off items have been checked against the companies' own adjusted figures.
One-off items in the reports
- 2026-06-30 Operating foreign exchange gains (other items): +77.0 NOK million (Second quarter and half year report 2026, p. 17)
- 2026-06-30 Net foreign exchange losses on forward currency contracts (other items): −13.0 NOK million (Second quarter and half year report 2026, p. 17)
- 2026-06-30 Ineffectiveness and discontinuation on cash flow hedges (other items): −20.0 NOK million (Second quarter and half year report 2026, p. 17)
- 2026-06-30 Net losses on embedded EUR derivatives in power contracts (other items, excluded from EBIT): −18.0 NOK million (Second quarter and half year report 2026, p. 17)
- 2026-06-30 Restructuring expenses in other items (cost-reduction programme): −118.0 NOK million (Second quarter and half year report 2026, p. 17)
- 2026-03-31 Transaction costs related to the Silicones division sale incurred as of 31 March 2026 (total approx. NOK 155 million): −84.0 NOK million (Q1 2026, p. 23)
- 2026-03-31 Other income and expenses included in Other items: +2.0 NOK million (Q1 2026, p. 5)
- 2026-03-31 Operating currency losses included in Other items: −24.0 NOK million (Q1 2026, p. 5)
Found by AI and still being validated: hover for the report's own words.
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Extracted by an AI model from the reports and can be wrong. Not investment advice.
Key figures
| P/E | – |
| P/B | 0.8 |
| EV / EBITDA | 7.5 |
| Net debt / EBITDA | 2.4 |
| Return on equity | −2.8% |
| Profit margin | −4.0% |
| Beta 1Y | 0.25 |
| Revenue growth 1Y | −7.1% |
| Revenue CAGR 3Y | −28.4% |
| ROE avg. 3Y | −0.2% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2025 | 0.30 |
| 2023 | 5.98 |
| 2022 | 2.99 |
Not investment advice. Figures may contain errors from the data source.