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TEL · Oslo Børs · NOK

kr 127.80+0.71%+kr 0.90

Close · October 2, 2026

At a glance

Revenue growth: +1.41%; 2025 vs 2024
Net income growth: −61.64%; 2025 vs 2024
Net margin: 9.2%; 2024: 24.3%

Financial data

Amounts in millions of NOK; per-share values in NOK; shares in millions.

Balance sheet · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total assets	205,971	221,582	221,651	221,454	219,330	219,489	228,808	232,360	220,625	233,687	218,376	223,459
Current assets	54,696	70,662	31,934	27,995	23,124	26,331	27,453	34,063	33,075	39,427	39,756	27,358
Cash and equivalents	31,699	47,617	16,335	10,542	6,220	9,696	10,380	16,668	13,918	20,861	19,556	9,710
Short-term investments	8,429	9,442	358	—	1,236	1,463	319	1,429	2,620	1,358	269	324
Receivables	12,424	12,578	11,551	13,687	13,707	13,437	12,995	14,146	14,658	14,946	14,734	14,859
Inventory	996	846	862	904	924	877	877	881	874	1,024	955	1,064
Net property, plant and equipment	71,193	70,660	71,878	77,114	77,903	78,324	80,798	78,671	78,226	80,333	77,462	79,614
Goodwill	25,545	25,413	26,822	26,439	26,745	25,768	26,319	26,340	25,587	26,133	25,232	25,228
Other intangible assets	8,878	8,957	9,379	9,235	9,453	9,297	9,542	9,389	9,272	9,533	9,279	9,194
Long-term investments	31,382	31,172	72,476	64,022	65,923	62,608	72,366	67,540	58,335	59,455	55,958	61,050
Current liabilities	41,395	45,014	46,285	53,442	52,588	42,157	46,384	57,242	57,096	45,023	45,990	44,831
Accounts payable	19,536	20,151	6,512	21,613	21,395	22,193	6,636	21,327	21,946	22,003	5,501	20,754
Long-term debt	71,144	70,786	74,187	69,441	70,327	70,608	72,730	68,863	66,943	76,328	75,686	72,273
Total debt	87,247	97,068	100,652	—	100,036	95,194	—	—	—	—	—	—
Total liabilities	137,886	140,606	146,022	149,553	149,499	139,845	147,036	152,357	149,624	148,410	147,942	143,392
Total equity (incl. minority)	68,085	80,976	75,629	71,901	69,831	79,644	81,772	80,003	71,001	85,277	70,434	80,067
Retained earnings	80,796	91,531	83,325	85,238	82,210	91,620	89,426	88,462	85,180	95,732	84,176	91,857
Minority interest	5,103	5,210	5,150	4,905	5,259	5,818	5,917	5,431	6,116	6,652	5,951	5,817