Bavarian Nordic revenue and financials
kr 221.20Change from previous close: −0.18%Absolute change: −kr 0.40
In the fiscal year ended December 2025, Bavarian Nordic reported revenue of kr 6.24B (+9.23% year over year). Net income was kr 1.38B, a net margin of 22.0%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.23%
- 2025 vs 2024
- Net income growth
- +39.21%
- 2025 vs 2024
- Net margin
- 22.0%
- 2024: 17.3%
Financial data
Amounts in millions of DKK; per-share values in DKK; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating cash flow | 2,722 | 1,950 | 1,119 | 220 | — |
| Depreciation and amortization | 714 | 625 | 554 | 399 | — |
| Capital expenditure | -1,359 | -1,688 | -977 | -1,382 | — |
| Investing cash flow | -2,485 | -1,871 | -946 | -877 | — |
| Financing cash flow | -114 | 55.8 | 736 | 636 | — |
| Share repurchases | -150 | -27.5 | -9.0 | -9.3 | — |
| Debt issued | — | 0.0 | 240 | 1,004 | 660 |
| Debt repaid | -2.1 | -1.9 | -1,106 | -374 | — |
| Effect of exchange rates | -31.7 | 11.5 | -7.6 | 5.1 | — |
| Net change in cash | 123 | 135 | 909 | -21.5 | — |
| Free cash flow | 1,363 | 262 | 142 | -1,162 | — |