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    Utilities

  3. •

    Electric utilities
Arendals Fossekompani ASA

Arendals Fossekompani ASA

173.00
NOK
0.00
(0.00%)
8.80EPS
19.77P/E
10.01BMarket Cap
Nov 10Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
82.34
89.94
108.5
71.85
80.09
89.03
81.23
56.54
76.45
83.29
70.83
78.66
67.39
67.37
Basic EPS, GAAP
0.85
2.93
7.06
6.99
44.12
2.05
0.82
1.13
1.94
0.1
0.59
40.76
-1.02
9.2
Free Cash Flow per Basic Share
8.18
6.7
12.39
5.32
7.35
4.58
5.61
-1.24
11.01
1.18
-19.09
1.82
-1.02
4.53
Dividend per Share
3.48
14.8
4.16
3.05
22.77
0.23
2.55
4.28
32.75
4.2
4.58
4.55
2.46
-0.04
Book Value per Share
45.25
38.18
48.29
49.09
77.12
54.91
57.95
64.73
61.27
56.91
54.7
93.64
88.9
84.14
Tangible Book Value per Share
25.31
17.09
25.97
34.27
62.52
41.05
43.89
47.16
41.38
24.89
11.38
75.31
72.8
69.46
Basic Weighted Avg Shares
55
55
55
55
55
55
55
55
55
55
55
55
55
54
Sales/Revenue/Turnover
4,547
4,966
5,991
3,949
4,383
4,872
4,450
3,102
4,196
4,569
3,884
4,319
3,704
3,645
Operating Margin (%)
4.6
5.91
6.95
4.46
5.96
5.61
5.26
5.3
10.3
10.17
11.68
8.52
4.7
10.34
Depreciation Expense
362
247
252
208
223
240
280
240
236
288
320
858
374
387
Net Income, GAAP
47
162
390
384
2,415
112
45
62
107
6
33
2,238
-56
498
Effective Tax Rate (%)
34.96
28.12
23.82
19.83
47.13
49.03
62.23
33.88
70.76
107.64
86.55
118.94
170.73
37.04
Profit Margin (%)
1.03
3.26
6.51
9.73
55.09
2.31
1.01
2
2.54
0.13
0.84
51.82
-1.51
13.66
Working Capital
2,987
2,160
2,326
3,306
4,411
1,982
2,019
2,166
2,393
1,683
2,062
1,891
1,323
996
LT Debt
2,082
1,762
1,556
1,747
2,027
677
822
601
808
1,054
2,470
1,505
1,247
995
Total Equity
2,968
2,487
3,139
3,181
4,386
3,172
3,319
3,856
3,909
3,784
3,639
5,414
5,180
4,886
Return on Invested Capital (%)
1.68
5.11
8.42
3.4
2.27
2.43
1.99
2.17
2.54
-0.61
0.96
-1.04
-0.31
1.83
Return on Capital (%)
1.22
3.1
6.66
6.32
38.86
2.08
1.46
1.03
2.03
0.79
1.8
31.57
-1.98
9.45
Return on Common Equity (%)
1.87
7.03
16.33
14.36
69.94
3.11
1.45
1.84
3.09
0.18
1.06
54.95
-1.12
10.31

Capital Structure

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
460
681
677
LT Borrowings
1,085
857
860
LT Finance Leases
162
149
135
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
55
55
Market Capitalization
7,172
9,210
10,007

Working Capital

NOK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,162
3,165
3,040
Cash, Cash Equivalents & STI
1,519
1,672
1,481
Accounts Receivable, Net
852
780
772
Inventories
656
639
686
Total Current Liabilities
1,839
2,034
2,044
Payables & Accruals
- -
- -
- -
ST Debt
460
681
677
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.12%
7.77%
-4.32%
Free Cash Flow
-320.81%
-610.23%
-156%
Net Income, GAAP
751.96%
1,421.95%
-102.5%
Sales/Revenue/Turnover
-2.48%
5.22%
-14.24%
Total Cash Common Dividend
215.02%
108.37%
-46%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,024
1,246
911
1,139
4,319
2025
965
891
853
995
3,704
2026
921
876
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
-8.53
0.02
55.41
40.76
2025
0.13
0.84
13.33
-4.85
-1.02
2026
0.54
-0.26
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.48
1.02
1.04
1.02
4.55
2025
1.54
0.99
-0.02
-0.02
2.46
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Benjamin Kristoffer Golding
Full Time Employees
2,168
Sector
Utilities
Industry
Electric utilities
Address
Langbryggen 9 Arendal AA Norway 4841
IPO Date
Jul 15, 1991
Website
arendalsfoss.no
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Business
Arendals Fossekompani ASA is a long-term industrial investment company that actively owns and develops portfolio companies in energy transition and next-generation technologies, including hydropower, satellite communications, induction technology, industrial 3D printing, vertical software and analytics, and property. Founded in 1896 and headquartered in Arendal, Norway, the company, listed on the Oslo Stock Exchange since 1913 (ticker: AFK.OL), operates globally across 24 countries with over 2,600 employees through its subsidiaries and investments targeting Nordic growth-stage businesses with international potential aligned to EU Taxonomy environmental goals. Its core portfolio encompasses AFK Vannkraft, which owns and operates hydropower plants such as Bøylefoss and Flatenfoss with ongoing development of Kilandsfoss; NSSLGlobal, providing voice, data, IT support, airtime, projects, hardware, and services to maritime, military, and governmental sectors; ENRX, specializing in induction heating technology for automotive, electrotechnical, wind power, appliances, HVAC, and tube & pipe manufacturing; Tekna, offering industrial 3D printing and advanced materials solutions; Alytic, delivering B2B analytics software via brands like Utel, Kontali, and Factlines; AFK Eiendom, managing property development including the Bryggebyen project and contracts for facilities like Kitron's production site; and a 40% stake in Volue, which supplies software, insights, and services for energy production, trading, distribution, and consumption. Recent developments include the 2024 delisting of Volue in partnership with Advent International and Generation Investment Management at NOK 42 per share, yielding NOK 1 billion in net cash proceeds to support growth; the sale of renewable development firm Vergia to Swiss Life Asset Managers and cessation of investment in battery company Commeo to optimize and de-risk the portfolio; Volue's acquisition of PowerBot GmbH for algorithmic trading software; ENRX's expansion with a new factory in Zhuhai, China, marking its fourth site there; and strong 2024 performances with record results at NSSLGlobal and ENRX alongside revenue growth at Alytic and AFK Eiendom.