Also trades as: NWARF (OTC) · $vol 0M

kr 12.18 ($1.26)

+0.05 (+0.41%)

Weekly Expected Move ±4.6%

kr 11 kr 12 kr 12 kr 13 kr 13

OSL · Industrials · Airlines, Airports & Air Services · Tech Score Sell · Power 35 · kr 12.8B mcap · 782M float · 1.10% daily turnover

Revenue

$36.5B +3.5% ▲

5Y CAGR: +32.1%

Gross Profit

$6.0B +4.8% ▲

Operating Income

$3.3B +77.5% ▲

Net Income

$2.7B +99.8% ▲

EPS (Diluted)

$2.49 +107.1% ▲

EBITDA

$7.5B -0.7% ▼

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$5.1B	$18.9B	$25.5B	$35.3B	$36.5B
YoY Growth	-44.3%	+272.3%	+35.3%	+38.3%	+3.5%
Cost of Revenue	$6.8B	$17.0B	$20.4B	$29.6B	$30.6B
Gross Profit	-$1.7B	$1.9B	$5.1B	$5.7B	$6.0B
Gross Margin	-34.5%	10.1%	20.1%	16.1%	16.3%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$1.1B	$1.3B	$1.6B	$2.2B	$3.7B
Operating Expenses	$1.8B	$2.5B	$2.9B	$3.8B	$2.6B
Operating Income	-$2.8B	-$468M	$2.2B	$1.9B	$3.3B
Operating Margin	-55.0%	-2.5%	8.7%	5.3%	9.1%
Interest Expense	$682M	$650M	$848M	$1.1B	$1.3B
Income Before Tax	$1.9B	$1.0B	$1.8B	$1.4B	$3.0B
Tax Expense	$6M	$41M	$67M	$300K	$308M
Net Income	$1.9B	$1.0B	$1.7B	$1.4B	$2.7B
Net Margin	36.9%	5.3%	6.8%	3.8%	7.4%
EPS (Diluted)	$2.68	$0.82	$1.54	$1.20	$2.49
EBITDA	$3.8B	$3.5B	$6.2B	$7.5B	$7.5B
Shares Outstanding	699M	1.13B	1.13B	1.13B	1.09B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$11.6B	$8.2B	$6.6B	$10.3B	$12.0B	$8.2B	$6.9B	$10.4B
Cost of Revenue	$8.6B	$7.2B	$6.5B	$8.3B	$8.3B	$7.5B	$6.5B	$9.1B
Gross Profit	$3.0B	$1.0B	$83M	$2.0B	$3.7B	$750M	$408M	$1.3B
Gross Margin	25.6%	12.2%	1.3%	19.4%	30.5%	9.1%	5.9%	12.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$553M	$901M	$921M	$0	$923M	$954M	$0	$0
Operating Expenses	$840M	$901M	$694M	$746M	$664M	$636M	$911M	$1.1B
Operating Income	$2.1B	-$86M	-$611M	$1.3B	$3.0B	$114M	-$503M	$214M
Operating Margin	18.4%	-1.0%	-9.3%	12.2%	24.9%	1.4%	-7.3%	2.1%
Interest Expense	$285M	$284M	$292M	$293M	$349M	$337M	$326M	$315M
Income Before Tax	$2.0B	-$222M	-$756M	$1.1B	$2.9B	-$173M	-$459M	-$761M
Tax Expense	-$100K	$200K	$0	$123M	$342M	-$157M	-$97M	-$206M
Net Income	$2.0B	-$223M	-$756M	$932M	$2.5B	-$16M	-$362M	-$555M
Net Margin	17.3%	-2.7%	-11.5%	9.1%	21.3%	-0.2%	-5.2%	-5.3%
EPS (Diluted)	$1.78	$-0.23	$-0.78	$0.81	$2.41	$-0.02	$-0.34	$-0.53
EBITDA	$3.6B	$1.2B	$163M	$2.7B	$4.1B	$1.3B	$1.0B	$730M
Shares Outstanding	1.13B	964M	964M	1.12B	1.06B	1.05B	1.05B	1.06B

NAS.OL OSL