Vår Energi ASA VAR
Oslo Børs · Energy · Oil & Gas E&P
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Annual accounts for Vår Energi
| USD million | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | 9,781 | 6,816 | 7,372 | 7,966 |
| EBITDA | 7,312 | 4,784 | 5,226 | 7,165 |
| Net income | 936 | 610 | 265 | 780 |
| Balance sheet | ||||
| Equity | 1,482 | 1,768 | 833 | 560 |
| Total debt | 3,165 | 3,264 | 5,349 | 6,190 |
| Cash | 435 | 725 | 267 | 684 |
| Net debt | 2,731 | 2,539 | 5,082 | 5,506 |
| Ratios and per share | ||||
| EBITDA margin | 74.8% | 70.2% | 70.9% | 90.0% |
| Profit margin | 9.6% | 9.0% | 3.6% | 9.8% |
| Return on equity | 63.2% | 34.5% | 31.9% | 139.3% |
| Earnings/share (USD) | 0.38 | 0.24 | 0.11 | 0.31 |
| Book value/share (USD) | 0.59 | 0.71 | 0.33 | 0.22 |
| Shares outstanding (M) | 2,496 | 2,496 | 2,496 | 2,496 |
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: 13 reports read by AI, every figure checked against the report's page and arithmetic.
Source: the Q3 2026 report, page 26, published 2026-10-21.
| Quarter | Revenue | Operating profit | Profit | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q3 2026 | 3,566 | 2,214 | 293 | 0.11 | … | Q3 2026, p. 26 |
| Q2 2026 | 3,719 | 2,242 | 839 | 0.33 | … | Second quarter and first half 2026, p. 27 |
| Q1 2026 | 2,667 | 1,308 | 304 | 0.14 | … | First quarter 2026, p. 24 |
| Q4 2025 | 2,235 | 947 | 25 | 0.00 | … | First quarter 2026, p. 24 |
| Q3 2025 | 2,140 | 1,071 | 152 | 0.05 | … | Third quarter 2025, p. 24 |
| Q2 2025 | 1,849 | 1,195 | 217 | 0.08 | … | Second quarter and first half 2025, p. 25 |
| Q1 2025 | 1,871 | 972 | 453 | 0.18 | … | First quarter 2025, p. 22 |
| Q4 2024 | 1,661 | – | −175 | −0.08 | … | First quarter 2025, p. 22 |
| Q3 2024 | 1,871 | 740 | 180 | 0.07 | … | Third quarter 2024, p. 22 |
| Q2 2024 | 1,940 | 992 | 222 | 0.08 | … | Third quarter 2024, p. 22 |
| Q1 2024 | 1,956 | – | 100 | 0.04 | … | First quarter 2024, p. 22 |
| Q4 2023 | 1,699 | – | 129 | 0.05 | … | Fourth quarter 2023, p. 21 |
Amounts in USD million, EPS in USD. 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
- 2026-09-30 Impairment of technical goodwill from exploration disposals: −0.2 USD million (Q3 2026, p. 41)
- 2026-09-30 Loss from sale of assets (other operating income): −9.7 USD million (Q3 2026, p. 33)
- 2026-06-30 Unrealised (gain) / loss on foreign currency transactions and balances: −334.7 USD million (Second quarter and first half 2026, p. 30)
- 2026-06-30 Gain/(loss) on sale and retirement of assets: +20.9 USD million (Second quarter and first half 2026, p. 30)
- 2026-06-30 Impairment losses and reversal: −3.6 USD million (Second quarter and first half 2026, p. 27)
- 2026-03-31 Unrealised (gain) / loss on foreign currency transactions and balances: −242.5 USD million (Second quarter and first half 2026, p. 30)
- 2026-03-31 Gain/(loss) on sale and retirement of assets: +31.8 USD million (Second quarter and first half 2026, p. 30)
- 2026-03-31 Currency translation differences: +14.3 USD million (First quarter 2026, p. 24)
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 | 16.8 |
| P/B | 23.4 |
| EV / EBITDA | 2.6 |
| Net debt / EBITDA | 0.8 |
| Return on equity | 139.3% |
| Profit margin | 9.8% |
| Beta 1Y | 2.04 |
| Revenue growth 1Y | +8.0% |
| Revenue CAGR 3Y | −6.6% |
| Earnings/share CAGR 3Y | −5.9% |
| ROE avg. 3Y | 68.6% |
Ratios use the latest annual report that was public 90 days after the year end.
Dividends per share (NOK)
| 2026 | 3.67 |
| 2025 | 4.89 |
| 2024 | 4.69 |
| 2023 | 4.67 |
| 2022 | 3.08 |
Not investment advice. Figures may contain errors from the data source.