Consolidated Statement of Cash Flows
| NOK million | Note no. | IFRS 30 September 2025 | IFRS 30 September 2024 | IFRS 31 December 2024 |
|---|---|---|---|---|
| Cash flow from operations | ||||
| Cash flow from operations | 82.1 | 89.7 | 153.0 | |
| Interest paid | -73.1 | -75.1 | -100.3 | |
| Interest received | 15.2 | 17.8 | 23.6 | |
| Taxes paid | -5.3 | -24.0 | -26.0 | |
| Net cash flow from operations | 18.8 | 8.3 | 50.2 | |
| Cash flow from investment activities | ||||
| Purchase of tangible fixed assets | 2 | -58.2 | -22.3 | -35.4 |
| Sale of tangible fixed assets | 0.0 | 0.0 | 0.3 | |
| Purchase of intangible assets | 2 | -0.7 | -1.4 | -1.7 |
| Received dividend from associated company | 12 | 0,0 | 0,0 | 0,0 |
| Purchase of associated company (financial investment) | 12 | 0,0 | 0,0 | 0,0 |
| Loans granted to related parties | 0,0 | 0,0 | -0.3 | |
| Net cash flow used for investment activities | -58.8 | -23.7 | -37.1 | |
| Cash flow from financing activities | ||||
| Adjustment of overdraft facility | 55.4 | 89.8 | 133.8 | |
| Uptake of loans | 6.3 | 0.6 | 17.5 | |
| Repayment of loans | -44.7 | -109.5 | -234.0 | |
| Loan from related parties | 0,0 | 0,0 | 57.6 | |
| Net cash flow used for financing activities | 17.0 | -19.1 | -25.2 | |
| Adjustment to cash, cash equivalents | -23.0 | -34.5 | -12.1 | |
| Cash and cash equivalents as per 1 January | 51.4 | 63.2 | 63.2 | |
| Effect of exchange rate gain/(loss) on cash and cash equivalents | 0.3 | 0.4 | 0.3 | |
| Cash and cash equivalents at the end of the period | 28.8 | 29.1 | 51.4 | |
| This consists of: | ||||
| Bank deposits and similar | 18.1 | 19.5 | 35.4 | |
| Restricted bank deposits | 10.6 | 9.7 | 16.0 | |
| Cash and cash equivalents at the end of the period | 28.8 | 29.1 | 51.4 | |
| Unused overdraft facility/drawing rights | 31.5 | 130.7 | 86.6 | |
| Liquidity reserve | 49.6 | 150.1 | 122.0 | |
Profit Before Tax per Quarter
| NOK million | IFRS 2025 | IFRS 2024 | IFRS 2023* | IFRS 2022* | IFRS 2021 |
|---|---|---|---|---|---|
| Profit/loss for Q1 | 98.5 | -113.9 | -122.3 | 98.9 | 54.3 |
| Profit/loss for Q2 | 20.8 | 58.3 | 41.5 | 280.7 | 49.7 |
| Profit/loss for Q3 | 66.9 | -26.8 | 3.8 | 321.2 | 54.2 |
| Profit/loss for Q4 | -190.4 | 108.5 | -171.4 | 65.9 | |
| SUM | 186.2 | -272.8 | 31.3 | 529.4 | 224.1 |
| *Financials for 2023 og 2022 have been restated following a change in accounting of power contracts. Former years are stated as previously. | |||||