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 · Quarterly
ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Operating cash flow2,0751,0571,2851,2347661,3223781,3107111,009857975
Depreciation and amortization866951856720681543566485563549763398
Capital expenditure-649-553-737-726-761-595-690-718-773-694-661-650
Investing cash flow-681-582-970-740-781-626-723-699-784-2,038-670-653
Financing cash flow419-492-455-37456.3-349-135-124-3271,034-70.8156
Dividends paid-300-370-300-300-300-331-270-270-270-286-270-270
Debt issued0.00.00.0—1,5001,08926023575.01,400803495
Debt repaid-35.6-34.0-34.1-32.8-1,027-1,016-16.5-17.1-24.6-24.5-519-23.7
Effect of exchange rates-5.213.4-0.82.415.835.2-31.7-11.1-7.1-18.323.36.5
Net change in cash1,809-3.8-14012356.4382-512476-407-13.3140484
Free cash flow1,4265045485084.3727-312592-61.9315196324
Levered free cash flow2,1291,3008908352551,060-43865087.3920410439