Vår Energi

VAR · Oslo Børs · NOK

kr 50.60Change from previous close: −1.79%Absolute change: −kr 0.92

Close · October 2, 2026

At a glance

Revenue growth
+8.05%
2025 vs 2024
Net income growth
+158.76%
2025 vs 2024
Net margin
10.6%
2024: 4.4%

Financial data

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

Cash flow · Annual
Item20252024202320222021
Operating cash flow4,6073,4083,4205,6824,580
Depreciation and amortization2,3332,1641,8881,5731,805
Capital expenditure-2,820-2,875-2,641-2,593-2,585
Investing cash flow-3,118-4,244-2,668-2,663-2,633
Financing cash flow-1,121448-459-2,903-1,976
Dividends paid-1,231-1,096-1,110-775-950
Debt issued2,5891,9706512,464—
Debt repaid-2,110-82.7-594-4,431-5,379
Effect of exchange rates52.6-68.1-2.5106-19.4
Net change in cash421-456290221-48.8
Free cash flow1,7875337793,0891,995
Levered free cash flow2,8641,2271,1613,9361,810