Norsk Hydro ASA NHY

Oslo Børs · Basic Materials · Aluminum

68.38 NOK −0.5% 2026-11-06

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Annual accounts for Norsk Hydro

NOK million	2022	2023	2024	2025
Income statement
Revenue	207,929	193,619	203,635	207,971
EBITDA	42,218	18,274	22,188	26,658
Net income	24,154	3,583	5,790	6,717
Balance sheet
Equity	102,455	100,579	101,461	99,843
Total debt	32,774	36,088	34,749	36,574
Cash	29,805	24,618	15,049	16,085
Net debt	2,969	11,470	19,700	20,489
Ratios and per share
EBITDA margin	20.3%	9.4%	10.9%	12.8%
Profit margin	11.6%	1.9%	2.8%	3.2%
Return on equity	23.6%	3.6%	5.7%	6.7%
Earnings/share (NOK)	11.83	1.78	2.93	3.42
Book value/share (NOK)	50.16	49.99	51.33	50.80
Shares outstanding (M)	2,042	2,012	1,977	1,965

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

Beta

From the company's own reports: 12 reports read by AI, every figure checked against the report's page and arithmetic.

Revenue Q1 2026

50,388

NOK million

Operating profit Q1 2026

4,396

NOK million

EPS Q1 2026

2.16

NOK

One-off items found

in 12 reports

Source: the First Quarter 2026 report, page 21, published 2026-04-29.

Quarter	Revenue	Operating profit	Profit	EPS	Adj. EPS	Source
Q1 2026	50,388	4,396	4,236	2.16	…	First Quarter 2026, p. 21
Q4 2025	47,215	−1,480	−2,156	−1.20	…	First Quarter 2026, p. 21
Q3 2025	50,546	3,491	2,149	1.12	…	Third quarter 2025, p. 5
Q2 2025	53,116	4,375	2,450	1.04	…	Third quarter 2025, p. 5
Q1 2025	57,094	8,016	4,834	2.45	…	First Quarter 2026, p. 21
Q4 2024	55,057	6,375	1,782	0.96	…	Third quarter 2025, p. 5
Q3 2024	50,089	3,488	1,409	0.40	…	Third quarter 2024, p. 2
Q2 2024	50,944	3,557	1,421	1.07	…	Second quarter 2024, p. 2
Q1 2024	47,545	3,066	428	0.47	…	Second quarter 2024, p. 2
Q4 2023	46,754	−2,257	−2,772	−1.24	…	Second quarter 2024, p. 2
Q3 2023	44,702	−323	−625	−0.18	…	Third quarter 2023, p. 20
Q2 2023	53,630	7,939	5,056	2.56	…	Second quarter 2024, p. 2

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

2026-03-31 Unrealized derivative (gain) loss LME related contracts: +1,675.0 NOK million (First Quarter 2026, p. 6)
2026-03-31 Unrealized derivative (gain) loss power and raw material contracts: −195.0 NOK million (First Quarter 2026, p. 6)
2026-03-31 Significant rationalization charges and closure costs: +167.0 NOK million (First Quarter 2026, p. 6)
2026-03-31 Impairment charges equity accounted investments: +42.0 NOK million (First Quarter 2026, p. 6)
2026-03-31 Transaction related (gain) loss: −128.0 NOK million (First Quarter 2026, p. 6)
2026-03-31 Net foreign exchange (gain) loss: +12.0 NOK million (First Quarter 2026, p. 6)
2026-03-31 Impairment charges: +106.0 NOK million (First Quarter 2026, p. 6)
2025-09-30 Unrealized derivative effects on LME related contracts: +197.0 NOK million (Third quarter 2025, p. 6)

Found by AI and still being validated: hover for the report's own words.

Extracted by an AI model from the reports and can be wrong. Not investment advice.

Key figures

P/E	20.0
P/B	1.3
EV / EBITDA	5.8
Net debt / EBITDA	0.8
Return on equity	6.7%
Profit margin	3.2%
Beta 1Y	1.15
Revenue growth 1Y	+2.1%
Revenue CAGR 3Y	+0.0%
Earnings/share CAGR 3Y	−33.9%
ROE avg. 3Y	5.3%

Ratios use the latest annual report that was public 90 days after the year end.

Dividends per share (NOK)

2026	3.00
2025	2.25
2024	2.50
2023	5.65
2022	6.85

Not investment advice. Figures may contain errors from the data source.