NHY FINANCIAL STATEMENTS

Norsk Hydro ASA — balance sheet, income statement and cash flow trends

NHYNorsk Hydro ASA

🇳🇴 Norway · OL · Basic Materials · Aluminum

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
0100 B200 B202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue201.3 B NOKGross Profit63.3 B NOK · 31%Operating Income21.2 B NOK · 11%Pre-tax Income10.8 B NOK · 5%Net Income6.1 B NOK · 3%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue201.3 B NOK-4.9%
Gross Profit63.3 B NOK+35.7%
Operating Income21.2 B NOK-58.3%
EBITDA12.7 B NOK-58.3%
Net Income6.1 B NOK-36.8%

Peer Comparison· Aluminum

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
NHY-4.9%31.4%6.3%3.0%
AA-2.7%15.2%13.2%8.2%
AAI-1.3%14.1%12.5%8.4%
CENX7.5%12.7%17.9%13.7%
CSTM25.0%13.2%11.7%5.0%
KALU20.8%10.2%10.3%4.1%
Industry median3.1%13.6%12.1%6.6%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
0100 B200 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets206.9 B
  • Equity102.5 B NOK51%
  • Current Liabilities43.9 B NOK22%
  • Long-term Liabilities53 B NOK27%

Key Figures

YoY change
Total Assets206.9 B NOK-0.5%
Total Liabilities96.9 B NOK-1.9%
Total Equity102.5 B NOK+0.1%
Cash & ST Investments——
Total Debt——
Net Debt22.5 B NOK+23.5%

Peer Comparison· Aluminum

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
NHY1.85——49.5%
AA1.4835.8%0.6441.0%
AAI1.4835.8%0.6941.0%
CENX2.3047.4%0.6643.4%
CSTM1.39176.3%1.8119.1%
KALU2.47121.9%2.7431.4%
Industry median1.6747.4%0.6941.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
020 B40 B202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
020 B32.8 B NOKOperating-27.6 B NOKInvesting-9.9 B NOKFinancing-4.7 B NOKNet Change

Key Figures

YoY change
Operating Cash Flow32.8 B NOK+68.7%
Capital Expenditures19.2 B NOK+45.3%
Free Cash Flow5.8 B NOK-6.8%
Dividends Paid13.5 B NOK-10.5%

Peer Comparison· Aluminum

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
NHY16.3%2.9%9.5%535.3%
AA7.4%2.3%5.1%90.0%
AAI9.0%3.5%5.5%106.7%
CENX7.1%1.1%6.0%51.4%
CSTM6.0%2.0%3.9%119.3%
KALU3.8%0.7%3.2%92.8%
Industry median7.2%2.1%5.3%99.7%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 3, 26. This content is for informational purposes only and is not investment advice.