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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.

Income statement · 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 revenue	18,135	18,197	16,224	20,304	19,100	18,457	16,057	20,038	19,936	19,457	20,934	20,108
Cost of revenue	6,538	6,520	6,479	6,584	6,613	6,583	6,247	6,635	6,886	6,784	7,437	6,786
Gross profit	11,597	11,677	9,745	13,720	12,487	11,874	9,810	13,403	13,050	12,673	13,497	13,322
Selling, general and administrative	—	—	3,251	—	—	—	3,413	—	—	—	3,651	—
Operating income	4,129	4,124	3,603	5,213	4,691	4,043	3,365	4,994	4,588	4,350	3,913	5,136
EBIT	4,129	4,124	3,603	5,213	4,691	4,043	3,365	4,994	4,588	4,350	3,913	5,136
EBITDA	7,986	8,055	7,951	9,544	9,018	8,339	7,665	9,205	8,792	8,506	8,131	9,244
Interest expense	787	746	762	808	876	830	874	980	988	993	995	903
Pre-tax income	4,044	9,408	2,679	5,064	4,888	3,555	1,734	4,745	4,158	12,859	-5,708	4,568
Income tax	1,067	1,117	441	1,692	1,097	1,050	860	1,257	1,085	517	1,771	1,655
Net income	2,524	8,206	-1,913	3,027	3,725	2,194	964	3,272	2,540	11,560	-7,683	2,451
Net income to common shareholders	2,524	8,206	-1,913	3,027	3,725	2,194	964	3,272	2,540	11,560	-7,683	2,451
Basic EPS	1.85	6.00	-1.40	2.21	2.72	1.60	0.71	2.39	1.83	8.35	-5.55	1.77
Diluted EPS	1.85	6.00	-1.40	2.21	2.72	1.60	0.71	2.39	1.83	8.35	-5.55	1.77
Average shares (basic)	1,368	1,368	1,368	1,370	1,368	1,368	1,366	1,369	1,388	1,385	1,384	1,385
Average shares (diluted)	1,368	1,368	1,368	1,370	1,368	1,368	1,366	1,369	1,388	1,385	1,384	1,385
Dividend per share	—	—	9.70	—	—	—	9.60	—	—	—	9.50	—