Vår Energi

VAR · Oslo Børs · NOK

kr 51.52Change from previous close: +1.38%Absolute change: +kr 0.70

Close · October 1, 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.

Income statement · Annual
Item20252024202320222021
Total revenue7,9667,3726,8169,7816,043
Cost of revenue1,1171,2691,0091,0201,039
Gross profit6,8496,1035,8078,7605,004
Selling, general and administrative39.235.328.826.3—
Research and development45.238.735.031.5—
Operating income4,2013,6063,6146,5102,963
EBIT4,2013,6063,6146,5102,963
EBITDA6,4785,7475,4828,0534,734
Interest expense1711.320.825.9176
Pre-tax income4,3073,3133,3575,8562,647
Income tax3,4602,9862,7474,9191,992
Net income846327610936654
Net income to common shareholders780265602936654
Basic EPS0.310.110.240.380.26
Diluted EPS0.310.110.240.380.26
Average shares (basic)2,4962,4962,4962,4962,496
Average shares (diluted)2,4962,4962,4962,4962,496
Dividend per share0.480.420.450.43—