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Page: Company Financials

Norwegian Energy Co ASA

Ticker: CJ1.SG | Industry: Oil & Gas Exploration & Production | Sector: Energy
$35.70 -0.10 (-0.28%)
As of: 2026-01-15

Master Data Export

Enterprise Value

Metric 2025 2024 2023 2022
Stock Price 54.24 50.96 41.90 34.06
Market Capitalization 1,437.22M 1,340.81M 1,091.81M 851.14M
(-) Cash & Equivalents 431.20M 196.38M 271.38M 232.55M
(+) Total Debt 1,425.15M 1,286.85M 1,143.05M 1,141.03M
Enterprise Value 2,431.17M 2,431.28M 1,963.48M 1,759.62M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Revenue 795M 723M 702M 795M 967M 565M 567M 333M 2M 1M 1M
Cost of Revenue 526M 440M 446M 443M 457M 405M 487M 283M 0M 47M 1M
Gross Profit 269M 284M 257M 352M 510M 160M 80M 50M 2M -46M 1M
Gross Profit Margin 33.8% 39.2% 36.5% 44.3% 52.8% 28.4% 14.1% 15.0% 100.0% -3,770.0% 45.5%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 17M 0M 8M 9M 15M 8M 5M 14M 17M 3M 0M
Operating Expenses 45M 35M 38M 34M 32M 23M 23M 301M 2M -46M 1M
Operating Income (EBIT) 223M 249M 219M 319M 478M 137M 57M -251M 0M 0M 0M
Operating Income Margin 28.1% 34.4% 31.1% 40.1% 49.4% 24.3% 10.1% -75.4% 0.0% 0.0% 0.0%
Interest Income 14M 17M 16M 18M 4M 0M 2M 1M 0M 0M 0M
Interest Expense 159M 56M 134M 19M 38M 89M 86M 37M 3M 4M 5M
Net Interest Income -145M -39M -118M -1M -34M -89M -84M -36M -3M -4M -5M
Unusual Items -104M -35M -113M -74M -135M -43M 9M 88M -15M -46M -4M
EBT Excluding Unusual Items 79M 210M 101M 318M 444M 48M -27M -287M -3M -4M -5M
Pre-Tax Income -25M 175M -12M 244M 309M 5M -18M -199M -18M -50M -9M
Pre-Tax Margin -3.2% 24.2% -1.7% 30.6% 32.0% 0.9% -3.2% -59.8% -900.0% -4,090.0% -727.3%
Income Tax Expense 2M 126M 59M 134M 318M 58M -35M -414M 0M 1M -8M
Net Income -28M 49M -71M 110M -9M -53M 17M 215M -17M -38M 34M
Net Income Margin -3.5% 6.8% -10.1% 13.8% -0.9% -9.4% 3.0% 64.6% -850.0% -3,160.0% 2,636.4%
Depreciation & Amortization 184M 112M 135M 103M 134M 112M 193M 112M 0M 0M 0M
EBITDA 407M 361M 354M 421M 611M 250M 250M -139M 0M 0M 0M
EBITDA Margin 51.2% 49.9% 50.4% 53.0% 63.2% 44.2% 44.1% -41.7% 0.0% 0.0% 0.0%
NOPAT 176M 70M 173M 144M -14M -1,491M 45M -198M 0M 0M 0M
NOPAT Margin 22.2% 9.7% 24.6% 18.1% -1.4% -263.7% 7.9% -59.5% 0.0% 0.0% 0.0%
Owner's Earnings 10M -135M -187M -99M -119M -169M -28M 241M -17M -38M 34M
Owner's Earnings Margin 1.2% -18.6% -26.7% -12.4% -12.3% -29.9% -4.9% 72.4% -850.0% -3,160.0% 2,636.4%
EPS (Basic) -1.05 1.89 -2.67 4.22 -0.35 -2.21 0.70 14.59 -2.36 -5.39 4.73
EPS (Diluted) -0.91 1.80 -2.21 3.52 -0.35 -2.21 0.48 12.40 -2.36 -5.39 4.60
Shares (Basic) 26M 26M 26M 26M 25M 24M 24M 15M 7M 7M 7M
Shares (Diluted) 30M 27M 32M 31M 25M 24M 35M 17M 7M 7M 7M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Cash & Cash Equivalents 448.30M 414.10M 250.60M 166.70M 268.40M 122.60M 259.00M 286.00M 3.00M 16.20M 10.30M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 15.00M 104.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 448.30M 414.10M 250.60M 166.70M 268.40M 122.60M 274.00M 390.00M 3.00M 16.20M 10.30M
Net Receivables 90.20M 45.80M 29.50M 61.30M 95.50M 0.00M 59.00M 65.00M 0.00M 0.24M 0.69M
Inventory 62.20M 64.80M 55.80M 54.70M 55.90M 51.40M 40.00M 36.00M 0.00M 0.00M 0.00M
Other Current Assets 36.90M 40.90M 168.90M 74.40M 139.90M 88.90M 33.00M 1.00M 6.00M 21.31M 46.62M
Total Current Assets 637.60M 565.60M 504.80M 357.10M 559.70M 262.90M 406.00M 492.00M 9.00M 37.75M 57.61M
Property, Plant & Equipment 2,502.70M 2,550.40M 2,576.30M 2,431.10M 2,086.00M 2,010.50M 1,708.00M 1,550.00M 1.00M 1.22M 1.39M
Goodwill 0.00M 0.00M 2.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 138.70M 141.10M 143.00M 149.70M 158.50M 166.00M 173.00M 267.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Assets 156.40M 142.00M 159.80M 218.50M 239.10M 455.20M 432.00M 455.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 79.80M 73.00M 66.30M 231.70M 238.20M 215.20M 220.00M 141.00M 67.00M 72.95M 128.40M
Other Assets -0.10M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -1.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 2,877.50M 2,906.50M 2,947.50M 3,031.00M 2,721.80M 2,846.90M 2,533.00M 2,412.00M 68.00M 74.16M 129.79M
Total Assets 3,515.10M 3,472.10M 3,452.30M 3,388.10M 3,281.50M 3,109.80M 2,939.00M 2,904.00M 77.00M 111.92M 187.40M
Accounts Payable 0.90M 20.40M 4.40M 17.50M 17.00M 130.50M 1.00M 29.00M 3.00M 0.61M 0.81M
Short-Term Debt 331.70M 241.70M 233.10M 125.00M 0.00M 0.00M 0.00M 0.00M 54.00M 18.88M 43.61M
Tax Payables 0.00M 0.00M 0.10M 795.19M 1,627.39M 44.09M 231.17M 931.45M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 120.10M 201.50M 218.80M 145.00M 247.10M 142.60M 151.00M 192.00M 8.00M 3.65M 7.75M
Total Current Liabilities 452.70M 463.60M 456.40M 1,082.69M 1,891.49M 317.19M 383.17M 1,152.45M 65.00M 23.14M 52.17M
Long-Term Debt 1,143.40M 1,133.50M 1,137.80M 1,066.60M 1,119.60M 1,179.30M 1,019.00M 983.00M 0.00M 0.00M 17.70M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 8.56M 8.79M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 2.66M
Other Non-Current Liabilities 1,157.80M 1,133.60M 1,134.90M 1,091.10M 1,037.10M 1,129.30M 971.00M 1,004.00M 69.00M 72.22M 65.13M
Total Non-Current Liabilities 2,301.20M 2,267.10M 2,272.70M 2,157.70M 2,156.70M 2,308.60M 1,998.56M 1,995.79M 69.00M 72.22M 85.49M
Total Liabilities 2,753.90M 2,730.70M 2,729.10M 3,240.39M 4,048.19M 2,625.79M 2,381.73M 3,148.24M 134.00M 95.35M 137.66M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 1.70M 1.70M 1.70M 1.70M 1.70M 29.50M 30.00M 30.00M 0.00M 0.00M 0.00M
Retained Earnings 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 1.70M 1.70M 1.70M 1.70M 1.70M 29.50M 30.00M 30.00M 0.00M 0.00M 0.00M
Total Equity 1.70M 1.70M 1.70M 1.70M 1.70M 29.50M 30.00M 30.00M 0.00M 0.00M 0.00M
Total Liabilities & Equity 2,755.60M 2,732.40M 2,730.80M 3,242.09M 4,049.89M 2,655.29M 2,411.73M 3,178.24M 134.00M 95.35M 137.66M
Tangible Assets 3,376.40M 3,331.00M 3,307.20M 3,238.40M 3,123.00M 2,943.80M 2,766.00M 2,637.00M 77.00M 111.92M 187.40M
Tangible Equity -137.00M -139.40M -143.40M -148.00M -156.80M -136.50M -143.00M -237.00M 0.00M 0.00M 0.00M
Tangible Book Value -137.00M -139.40M -143.40M -148.00M -156.80M -136.50M -143.00M -237.00M 0.00M 0.00M 0.00M
Total Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 15.00M 104.00M 0.00M 0.00M 0.00M
Net Debt 1,026.80M 961.10M 1,120.30M 1,024.90M 851.20M 1,056.70M 760.00M 697.00M 51.00M 2.68M 51.01M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Working Capital 188.1M 99.4M 20.8M -59.7M 99.2M -6.1M 88.0M 165.0M -5.0M 15.2M 6.2M
Total Capital 2,239.5M 2,114.0M 2,066.5M 2,005.2M 1,783.9M 1,711.5M 1,650.0M 1,573.0M 48.0M 36.0M 111.9M
Capital Employed 3,065.6M 3,005.9M 2,968.3M 2,971.3M 2,821.0M 2,840.8M 2,621.0M 2,577.0M 63.0M 89.4M 136.0M
Invested Capital 1,791.2M 1,699.9M 1,815.9M 1,838.5M 1,515.5M 1,588.9M 1,391.0M 1,287.0M 45.0M 19.9M 101.6M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
Net Income -27.70M 49.40M -70.80M 109.80M -8.80M -53.20M 17.00M 215.00M -17.00M -38.48M 32.51M
Depreciation & Amortization 183.50M 112.30M 135.40M 102.60M 133.50M 112.30M 193.00M 112.00M 0.00M 0.00M 0.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.90M 4.20M 1.60M 5.20M 1.40M 0.30M 2.00M 8.00M 0.00M 0.00M 0.00M
Change in Working Capital -33.50M 3.50M 22.50M 51.90M -38.20M -195.20M 95.00M 114.00M 0.00M 0.00M 0.00M
Accounts Receivable -23.60M 11.60M 31.80M 34.10M -7.80M -29.40M 3.00M 20.00M 11.00M 0.12M 0.00M
Inventory 1.70M -10.70M -1.10M 1.20M -4.50M -11.90M 5.00M 16.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -11.60M 2.60M -8.20M 16.60M -25.90M -153.90M 87.00M 78.00M -11.00M -0.12M 0.00M
Other Non-Cash Items 182.80M -2.10M 219.80M -19.60M 473.40M 185.60M 41.00M -200.00M 17.00M 38.48M -32.51M
Net Cash from Operating Activities 306.00M 167.30M 308.50M 249.90M 561.30M 49.80M 348.00M 249.00M 0.00M 0.00M 0.00M
Capital Expenditures (PPE) -146.00M -296.50M -251.80M -311.10M -244.00M -228.10M -236.00M -86.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 1.50M 1.50M 0.00M 0.00M 0.00M 0.00M -1,071.00M -40.00M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Investing Activities 158.90M -14.80M 0.00M -36.50M -15.00M -18.40M -123.00M -117.00M 40.00M 0.00M 0.00M
Net Cash from Investing Activities 12.90M -309.80M -250.30M -347.60M -259.00M -246.50M -359.00M -1,274.00M 0.00M 0.00M 0.00M
Net Debt Issuance 107.30M 81.40M 137.50M 50.00M -100.00M 148.80M 6.00M 1,023.00M 35.00M -47.86M -40.37M
Long-Term Debt Issuance 107.30M 81.40M 137.50M 50.00M -100.00M 148.80M 6.00M 1,077.00M -1.00M -47.86M -40.37M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -54.00M 36.00M 0.00M 0.00M
Net Stock Issuance 1.20M 4.70M 5.70M 0.20M 5.40M 0.00M -10.00M 390.00M 0.00M 0.49M 0.00M
Common Stock Issuance 1.20M 4.70M 5.70M 0.20M 5.40M 0.00M 0.00M 390.00M 0.00M 0.00M 0.00M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -10.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities -115.20M -92.30M -117.60M -54.10M -61.90M -88.80M -11.00M -104.00M -6.00M -0.61M -16.43M
Net Cash from Financing Activities -6.70M -6.20M 25.60M -3.90M -156.50M 60.00M -15.00M 1,309.00M 29.00M -47.98M -56.80M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 312.30M -148.70M 83.90M -101.70M 145.80M -136.70M -27.00M 283.00M 0.00M 0.00M 0.00M
Cash at Beginning of Period 1,041.90M 914.70M 166.70M 268.40M 122.60M 259.30M 286.00M 3.00M 0.00M 0.00M 0.00M
Cash at End of Period 1,354.20M 766.00M 250.60M 166.70M 268.40M 122.60M 259.00M 286.00M 0.00M 0.00M 0.00M
Operating Cash Flow 306.00M 167.30M 308.50M 249.90M 561.30M 49.80M 348.00M 249.00M 0.00M 0.00M 0.00M
Capital Expenditure -146.00M -296.50M -251.80M -311.10M -244.00M -228.10M -238.00M -86.00M 0.00M 0.00M 0.00M
Free Cash Flow 160.00M -129.20M 56.70M -61.20M 317.30M -178.30M 110.00M 163.00M 0.00M 0.00M 0.00M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31
EBITDA 435.00M 395.90M 383.50M 445.60M 628.30M 264.40M 268.00M 148.00M -15.00M -49.08M 0.23M
(-) Tax Adjustment 0.00M 138.57M 0.00M 155.96M 219.91M 92.54M 93.80M 51.80M 0.00M 0.00M 0.08M
(-) Change In Working Capital -33.50M 3.50M 22.50M 51.90M -38.20M -195.20M 95.00M 114.00M 0.00M 0.00M 0.00M
(-) Capital Expenditure -146.00M -296.50M -251.80M -311.10M -244.00M -228.10M -238.00M -86.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 322.50M -42.67M 109.20M -73.36M 202.60M 138.96M -158.80M -103.80M -15.00M -49.08M 0.15M
(-) Net Interest Income After Taxes -144.80M -25.29M -117.70M -0.65M -21.84M -57.85M -54.60M -23.40M -3.00M -3.78M -3.38M
Net Debt Issuance 107.30M 81.40M 137.50M 50.00M -100.00M 148.80M 6.00M 1,023.00M 35.00M -47.86M -40.37M
Levered Free Cash Flow 574.60M 64.02M 364.40M -22.71M 124.44M 345.61M -98.20M 942.60M 23.00M -93.16M -36.84M