Telenor
kr 127.80Change from previous close: +0.71%Absolute change: +kr 0.90
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.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 5,677 | 5,793 | 8,680 | 8,388 | 6,533 | 7,622 | 8,096 | 7,226 | 7,546 | 8,613 | 8,920 | 8,405 |
| Depreciation and amortization | 3,857 | 3,931 | 788 | 4,331 | 4,327 | 4,296 | 785 | 4,211 | 4,204 | 4,156 | 771 | 4,108 |
| Capital expenditure | -2,299 | -2,639 | -2,863 | -2,587 | -2,816 | -3,009 | -3,465 | -2,667 | -2,976 | -3,821 | -3,170 | -3,191 |
| Investing cash flow | -2,150 | 27,473 | -659 | -2,660 | -3,478 | -3,041 | -3,691 | -2,855 | -3,104 | -1,835 | -2,537 | -3,174 |
| Financing cash flow | -18,982 | -1,556 | -1,923 | -1,315 | -6,757 | -5,208 | -10,767 | -1,336 | -11,452 | -5,836 | 3,985 | -8,163 |
| Dividends paid | -6,511 | 0.0 | -6,294 | -335 | -6,506 | — | -6,157 | — | -6,925 | — | -6,094 | — |
| Share repurchases | -419 | -70.0 | -1.0 | — | -54.0 | -146 | — | — | -1,936 | -45.0 | — | — |
| Debt issued | — | — | 18,079 | 570 | 1,874 | — | 6,278 | 328 | — | — | 20,091 | 38.0 |
| Debt repaid | -11,560 | -1,346 | -13,620 | -949 | -1,176 | -4,916 | -10,694 | -805 | -1,881 | -5,694 | -10,036 | -8,048 |
| Effect of exchange rates | -358 | -379 | -74.0 | -56.0 | 105 | -2.0 | 39.0 | -94.0 | -155 | 132 | 15.0 | 7.0 |
| Net change in cash | -15,813 | 31,331 | 6,024 | 4,357 | -3,597 | -629 | -6,542 | 2,941 | -7,165 | 1,075 | 10,384 | -2,925 |
| Free cash flow | 3,378 | 3,154 | 5,817 | 5,801 | 3,717 | 4,613 | 4,631 | 4,559 | 4,570 | 4,792 | 5,750 | 5,214 |
| Levered free cash flow | 10,766 | -4,612 | -1,391 | 4,396 | 8,451 | 3,003 | -2,863 | 4,044 | 9,589 | 5,614 | -5,789 | 3,815 |