Vår Energi

VAR · Oslo Børs · NOK

kr 51.52+1.38%+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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue3,7052,6572,1902,1151,8281,8331,6611,8291,9331,9491,6791,616
Cost of revenue456314245252356263340271314344274252
Gross profit3,2492,3431,9451,8631,4721,5701,3211,5581,6201,6051,4051,364
Selling, general and administrative21.816.011.1—8.510.9——————
Research and development12.38.719.0—8.87.5——————
Operating income2,2011,3019921,061717963675990967965570882
EBIT2,2011,3019921,061717963675990967965570882
EBITDA3,0552,2291,8371,7651,3981,5061,2191,4761,5311,5141,3111,280
Interest expense64.878.186.680.42.32.2—1.91.01.24.76.0
Pre-tax income2,4191,4057881,0051,2341,2796717601,032850460920
Income tax1,5801,0317638541,018826847580810750331731
Net income83937425.2152217453-175180222100129189
Net income to common shareholders8093578.1135200438-19116420884.1120189
Basic EPS0.320.140.000.050.080.18-0.090.070.080.030.050.08
Diluted EPS0.320.140.000.050.080.18-0.090.070.080.030.050.08
Average shares (basic)2,4962,4962,4962,4962,4962,4962,1892,4962,4962,4962,5732,496
Average shares (diluted)2,4962,4962,4962,4962,4962,4962,1892,4962,4962,4962,5732,496
Dividend per share—0.120.120.120.120.120.080.110.110.110.130.11